BISYS says RBC subsidiaries Voyageur Asset Management and Jones & Babson have chosen it to support the Great Hall, Babson, J&B, and Investor's Mark Series Funds. BISYS will support these fund families, which represent 26 mutual funds, 26 portfolios, and
$91 million flowed out of US junk bond mutual funds in the week ended 23 July, making it three weeks in a row of net outflows, according to AMG Data Services. It seems chasing yield in a low interest rate
Sales of AAA rated money market funds were up in the second quarter, with euro (up 10.1%) and sterling (up 9.5%) funds selling particularly well. Or so claims a report published today by the Institutional Money Market Funds Association (IMMFA)
Everybody knows bond funds are popular. Now a report from mutual fund analysts Fitzrovia International shows that the bond fund assets of the largest 30 companies offering funds domiciled in Luxembourg and Dublin the two main cross border fund administration
JP Morgan is to scraps exit fees for seven of its mutual funds. The bank will no longer offer Class B shares for the funds, but sell only shares of funds that carry upfront sales charges offset by lower expenses
Brown Brothers Harriman says it will be custodian and fund administrator to Merrill Lynch Global Selects Portfolio PLC, a Dublin based UCITS fund with 82 separate share classes to be distributed in six countries across three continents. It aims to
ETF trading volumes on the ETF segment of Deutsche Borse have more than doubled in the last year. The German exchange group claims a 56 per cent market share for ETFs in Europe. By the end of June, the total
Online brokerage E Trade Group announced yesterday that it would begin giving customers half of its mutual fund fees later this year. The firm estimates that a $500,000 mutual fund investment generates about $2,000 annually in so called "12b 1"
Canadians pulled C$577 million ($415 million) from mutual funds in June, according to the Investment Fund Institute of Canada, although total assets under management increased in June to C$390.8 billion, up 0.2% from May's total but down 6.2% from a