PT. Nikko Securities Indonesia launched a 1,000,000,000 (one billion) units new money market fund called Reksa Dana Nikko Uang Likuid. This fund was sponsored by reputable insurance companies namely PT Indolife Pensiontama and PT. AJ. Central Asia Raya. Nikko Uang
Wells Fargo Funds Management Acquires SIFE Wells Fargo Funds Management has acquired SIFE, the advisor, administrator and distributor of the SIFE Trust Fund which will become the Wells Fargo SIFE Specialized Financial Services Fund, with Wells Fargo Funds Management, LLC
Northwest Mutual Funds Eyes Merger Northwest Mutual Funds wants to merge the Northwest Specialty Resource Fund into Northwest Specialty Equity Fund, pending unitholder and regulatory approval.3 Plansponsor.com
Northwest Mutual Funds Eyes Merger Northwest Mutual Funds wants to merge the Northwest Specialty Resource Fund into Northwest Specialty Equity Fund, pending unitholder and regulatory approval.3 Plansponsor.comAFBA 5Star Funds Increases its Family AFBA 5Star Funds has recently added the AFBA
Niche opportunities are beginning to open up for fund managers in the US$300 billion Latin American managed funds marketplace marking a new development in a region where acceptance of mutual funds as investment vehicles historically has been at the mercy
State Street Corporation and State Street Global Advisors (SSgA), the investment management arm of State Street, announced today that UNICO Asset Management S.A. has awarded mandates to State Street Luxembourg and SSgA Munich to service and manage UNICO i tracker
TD Waterhouse Institutional Services today unveiled VeoExpress, a downloadable application (applet) that allows advisors to combine the online functionality of Veo, the firm's proprietary Internet based account management and trading platform, with the power of their desktop for more intensive
BNP Paribas Asset Management has streamlined Parvest, its flagship Luxembourg fund. The fund, which has since its creation in 1990 spawned 77 sub funds covering all major asset classes and markets, is distributed in 22 countries. This unwieldy structure was
The OECD assault on so called "harmful tax practices" is approaching an important deadline. Over the last six months the Committee on Fiscal Affairs of the OECD has sought to bully the 35 offshore tax havens named in its June
Fortis, the Belgo Dutch bancassurance group, which starred in the 2002 Global Custodian Offshore Fund Administration survey, has a reputation for conservatism belied by its exposure to the hedge fund business. Hammered by a mixture of bad debts, bond defaults