Consider a scenario in which the stock market drops 30% in one year, not unlike the asset erosion that occurred between 2000 and 2002 in the U.S. How does an investment advisor counsel a client who is now shell shocked
The Investment Company Institute (ICI), the national association of the investment company industry, said that the combined assets of the exchange traded funds (ETFs) were $159.53 billion in February. That is up from $155.82 billion in January. Of that total,
JPMorgan Investor Services has launched a comprehensive servicing solution for investment managers and sponsors seeking to outsource their managed account administration, through a strategic alliance with Vestmark. The service includes account opening and closing, ongoing account maintenance, performance reporting, and
First European Transfer Agent (FETA), the transfer agency arm of Luxembourg based Dexia BIL, is to pilot the new SWIFTNet Funds service. The first phase of the new ISO15022 edition 2 (XML) message standards will be tested from the third
BISYS has signed online brokerage firm Scottrade as a client for its recently launched Retirement Central application. The Retirement Central application aims to enable financial services organizations of all sizes to differentiate their retirement savings solutions and their web sites
OMHEX, the Nordic exchange and trading technology group formerly known as OM, has divested its Performance Measurement and Fund Report services in Finland. Through its HEX Integrated Markets division OMHEX will, however, continue to maintain and market the Mutual Fund
The Investment Company Institute yesterday submitted its comments on an SEC proposal to bolster investment adviser codes of ethics. The SEC proposal would require investment advisers to establish a code of ethics containing standards of conduct for advisory personnel, provisions
Fortis Haitong Investment Management has launched its second mutual fund in the Chinese domestic market. During the launch period, which ran from 5 February to 9 March, the fund received subscriptions of RMB 13.15 billion, (EUR 1.3 billion), making it
As the number of Wily Loman style insurance agents shrinks, Tower Group thinks US insurers should distribute via banks and wirehouses instead. "It's imperative that insurers approach this market with a fresh perspective relative to products, distribution and operations," says
New Star Asset Management has announced that the Florida State Board of Administration, which oversees the State of Florida's $100 billion pension fund, has awarded New Star an EAFE mandate to manage approximately $470 million on its behalf. This is