Tag: Mutual funds

Investors poured more than $54 billion into U.S. open-end mutual funds in August—the largest inflow since February 2007, according to Morningstar.

Forward Management, LLC, has launched the Forward Tactical Growth Fund (FFTGX).

Participants in 401(k) plans continued a cautious move into equity during August, with a total of $203 million shifted from fixed income into equities, according to the Hewitt...

Putnam Investments has launched a Web site to support its nine Putnam Global Sector Funds targeting stocks in sectors across the MSCI World Index.

PIMCO has launched the PIMCO Real Income Funds, mutual funds designed to provide retirees a steady stream of monthly income hedged against inflation.

Plan sponsors got a bit of a roadmap from the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) about how to rely on a summary prospectus to...

The Hartford Mutual Funds has reopened The Hartford MidCap Value Fund to new investors, effective September 1.

The Investment Company Institute (ICI) is pushing the U.S. Supreme Court to stick with the established legal framework when evaluating claims that a mutual fund’s investment adviser has...

Akre Capital Management, LLC, has launched the Akre Focus Fund.

JennisonDryden, the proprietary mutual fund family of Prudential Financial, Inc., has added the Dryden Total Return Bond Fund (PDBAX) to the fixed-income allocation of its full lineup of...

The Vanguard Group has shuttered its PRIMECAP Core Fund to advisers and institutional clients such as defined benefit plans, endowments, and foundations.

The recent market uptick continued to benefit U.S. mutual fund flows in July as investors poured almost $44 billion ($171 billion year to date) into fund offerings, Morningstar...

Legg Mason Inc. reorganized five funds in its ClearBridge Advisors unit as money manager Alan Blake and Hersh Cohen, the division’s investment chief, are set to retire.

Following is a summary of mutual fund filing changes complied by Strategic Insight (an Asset International company, and sister firm of PLANADVISER) from recent prospectus filings.

Natixis Global Associates (NGA) has launched a multi-strategy, absolute-return fund in conjunction with AlphaSimplex Group (ASG): Natixis ASG Diversifying Strategies Fund (DSFAX).

Huntington Funds said it has introduced three Asset Allocation Funds, advised by Huntington Asset Advisors, Inc. (HAA), a subsidiary of Huntington Bancshares Incorporated.

A recent Charles Schwab survey found that less than a third (31%) of respondents claimed they speak with their broker or financial adviser on a regular basis.

A new Cerulli report says institutional ownership of mutual funds totaled $4.3 trillion at year-end 2008, a decline of 12.3% from prior year totals.

JennisonDryden, the proprietary mutual fund family of Prudential Financial, Inc., has hired Joseph Gill as vice president of client management in its investment-only defined contribution (IODC) group.

Putnam Investments said it will make sweeping changes to the management fees on its retail mutual funds.