Invesco PowerShares Capital Management LLC’s emerging markets infrastructure exchange traded fund began trading yesterday, the Wheaton, Ill., firm announced.
Shareholders have filed court papers asking the New York State Supreme Court to name a receiver for Reserve Management Co. Inc.’s International Liquidity Fund, in order to organize its liquidation.
The Reserve announced yesterday that the distribution from the liquidation of the Reserve Primary Fund would not happen within the time frame previously planned.
Closed-end funds are trading at discounts not seen in more than a decade, giving savvy investors plenty of opportunity to snap up a portfolio of securities for less than what those investments are actually worth.
Target date funds were hammered in the third quarter and fared worse then the S&P 500 because of poor performance from international stocks.
The Reserve Management Co. Inc. of New York announced yesterday the liquidation of 15 money market mutual funds.
The ProShares UltraShort Financials (SKF), and ProShares Short Financials (SEF) exchange traded funds resumed the normal process of creating new shares today.
Moody's Investors Service announced yesterday that it has downgraded Legg Mason Inc.'s senior debt rating to A3, from A2.
The Hartford Financial Services Group Inc. will participate in the Treasury’s money market mutual fund guaranty program on the heels of yesterday’s announcement that Fidelity Investments, The Vanguard Group and the T. Rowe Price Group will do the same.
FundQuest Inc. today announced a partnership with New Frontier Advisors LLC, a research and investment advisory firm, to offer exchange traded fund managed-account portfolios to financial advisers.
Two members of the team responsible for the success of the First Eagle Funds Group began running their own funds last week.
Launching a fund amid market turmoil may be a challenge, but one fund creator sees opportunity with a fund designed for the risk-averse.
With stocks falling, credit tightening and the economy in a tailspin, mutual funds that comply with Shariah, or Islamic law, are becoming more appealing to some advisers.
Robert L. Reynolds, Putnam Investments' recently installed chief executive, has received high marks for decisive action to protect investors in an institutional money market fund awash in redemptions, but clients say they need more data points to judge his longer-term prospects for rebuilding the once highflying firm.
Since the financial crisis shined a harsh light on the viability of stable-value and money market funds, advisers who counsel employers on their 401(k) plans are taking a closer look at these investments.
High-net-worth clients aren't immune to having serious concerns about their finances because of the tumultuous economy, according to financial advisers.
Investors fearing a market collapse are running into U.S. Treasuries, but they may soon rue the day they let fear dictate their investment decisions.
In the wake of plunging investor confidence, mutual fund firms have developed advertising messages that stress solidity.
Reserve Management Co. denied claims of insider trading related to its Primary Fund in response to a lawsuit that Ameriprise Financial Inc. filed.
All Schwab money market funds will participate in the temporary guaranty program for money funds announced by the Department of the Treasury on Sept. 19.
