The combined assets of the nation's mutual funds fell 8.3% or $959 billion to $10.6 trillion in September, according to Investment Company Institute (ICI) data.
Total managed accounts assets reached $1.85 trillion through the first half of 2008, according to the annual report “Cerulli Quantitative Update: Managed Accounts 2008.″
In a statement presented to a recent Congressional Committee, the Investment Company Institute (ICI) made a compelling case for riding out the current market turmoil.
Following the success of alternative investments for institutional investors, advisers are increasingly using alternative investments in the retail market, Cerulli research says.
It certainly hasn’t happened yet, but Cerulli analysts say exchange-traded funds (ETFs) could rival mutual funds if they become widely adopted in defined contributions plans.
Most U.S. institutional investment plan sponsors reported a fourth consecutive quarter of negative results for the period ending September 30, according to data in the Northern Trust Universe.
An effort tied to the United Nations has generated a new environment and social reporting standard for asset managers, banks, and other financial services companies.
A poll of investment managers found a large majority, regardless of investment strategy, expect corporate earnings to drop and global growth to decelerate in the short term.
Investors are waiting for the right conditions to return to equity markets amid the most pessimistic outlook yet recorded, according to Merrill Lynch’s Survey of Fund Managers for...
Investors show concern about the tax on their fund returns, but many are not investing in tax-managed funds, according to a survey by Eaton Vance Corp.
The U.S. Treasury Department announced Wednesday a technical correction that will permit additional money market funds to participate in its Temporary Money Market Fund Guarantee Program.
Fidelity Investments, Vanguard Group, and T. Rowe Price Group all said they will join the U.S. Treasury Department's guarantee program for money market funds.
Wilmington Trust announced on Friday that the Board of Trustees of its mutual fund family, the Wilmington Funds, authorized participation in the U.S. Treasury Department’s new Temporary Money...
The Boards of Directors/Trustees for the UBS U.S. Money Market Funds have approved the funds’ participation in the U.S. Treasury’s Temporary Guarantee Program.
By using this site you agree to our network wide Privacy Policy.