Assets invested in exchange traded funds grew by $32 billion, or 5.5%, to $608 billion in November.
Further rate cuts will be needed to "support growth and to provide adequate insurance against downside risks," he said.
Wholesalers posted a 2.2% increase in sales in November, marking the largest gain in over two years.
Amid signs of inflation, European Central Bank today left its key interest rate unchanged at 4.0%.
The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.
Natixis Global Asset Management LP of Boston announced today that David Giunta has been named president and chief executive of Natixis Global Associates.
GSO Capital Partners is an alternative asset manager specializing in leveraged finance.
Charles Zhang, consistently Ameriprise's No. 1 producer this decade, left Jan. 2 to join LPL.
The HFR Fund Weighted Composite Index advanced 0.68% in December and gained 10.4% in 2007.
Despite fierce competition, mutual fund net sales will grow at 2% annually, hitting $340 billion by 2012, FRC predicted.
