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May 24, 2010

 Past Issues

Mutual Funds

Week in Review

Waddell Mutual Fund Among First Flash Crash Trades, Putnam Reveals DC Fees, Fidelity Survey Finds B/D and RIA Re-Focus on Growth, Sun Life Launches Canadian Fund Family, Ohio Ends 529 Contract With Putnam, Fidelity Launches Corporate Bond Fund, State Street and Nuveen Offer Build America Bond ETF, and HSBC Says Its Time for Wealthy To Re-Jigger Allocations.

Regulation & Compliance

International Regulators Strive to Cooperate on Structured Products

BOSTON -- In their efforts to harmonize international regulations and allow the trade of structured products between continents, regulators in the U.S. and abroad acknowledge that cooperation with financial industry leaders is key to creating successful, transparent products. "If the industry cannot comply with new regulations, despite its best efforts, it is a waste of everyone's time," said Alexa Lam, executive director and deputy CEO of Policy, China and Investment Products at the Hong Kong Securities and Futures Commission, speaking at the 21st Annual Conference on the Globalisation of Investment Funds, held this year at the Boston Harbor Hotel.

Ops & Tech

Harnessing the Power of Digital Money Management

Over the past decade, an information revolution has been shaking the financial world. Just as numerous other industries are coping with how to communicate and operate in a digital environment, financial companies are grappling with how to engage a more proactive and educated client base. Financial clients can access a range of data independently, making it possible to research even the most complex derivatives, technical trading strategies and emerging industries. The exchanges themselves are furthering this trend with big investments in online training as they try to broaden their own reach.

International

UCITS Embraced as New, International Trading Tool

BOSTON -- The staggering growth of UCITS (Undertakings for Collective Investment in Transferable Securities) throughout Europe, Asia and Latin America has led to a proliferation of new investment products and trading opportunities, but restrictive investment mandates and tax requirements in the U.S. are causing some U.S. investors to feel left out of the game. "The folks in Washington don't seem to realize there is business outside our borders," said Alan Reid, CEO of Forward Funds, speaking at the 21st Annual Conference on the Globalisation of Investment Funds, held this year at the Boston Harbor Hotel. "We are seeing growing demand from offshore companies, and the demand for UCITS is staggering."

Editor's Desk

Test of the Massey Mine

Fund giant boards of directors at AllianceBernstein, American Funds, Fidelity, Vanguard and others are reportedly starting to bring about meaningful change in the corporations in which they are invested. Proof should come any day now, when the shareholder proxy votes from the annual meetings are released. Fund chief executive officers spoke about the power and influence their proxies wield in an interesting Reuters article last week, "Mutual Funds Seek to Shed 'Rubber Stamp' Tag."

Executive Moves

Executive Moves

Gore Joins Wilmington as MD, Templeton Selects Shapiro To Expand Real Estate Unit, and Kolman Abandons MIAC For U.S. Bancorp Start-Up.