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Thursday, April 01, 2010

April Brings a Change at MSSB

Reported by Armie Margaret Lee

Below is a roundup of what's coming up this month:

  • Starting this month, Morgan Stanley Smith Barney is moving to institutional shares in most of its fee-based mutual fund platforms, as reported by The Wall Street Journal in February. The report did not specify which platforms will undergo the change.

    An MSSB spokesperson was not immediately able to comment on Thursday on the start date of the change.

  • Mark Anson, president and executive director of investment services at Nuveen Investments, will leave the firm on April 5 and join Oak Hill Investment Management as managing partner on April 6.

  • Fidelity Investments will announce the winner of its "Be the Green Line" YouTube contest on April 23.

  • Effective April 5, Putnam Investments is making a host of changes, including lowering the initial sales charge on three of its funds -- the Floating Rate Income Fund, Absolute Return 100 and Absolute Return 300.

  • Invesco PowerShares will launch nine ETFs on the Nasdaq on April 7.

  • The Mutual Fund Directors Forum will host its 10th Annual Policy Conference April 15-16 in Washington, D.C.

  • The Mutual Fund Education Alliance will hold its Strategic Summit in New York on April 27 and its eCommerce Summit on April 28. 

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