Previously in Fund Action

• FundQuest Names Senior Analyst

  FundQuest has hired Matthew Whitbread, former senior portfolio analyst at Pyramis Global Advisors, as a senior financial analyst and member of FundQuest's Investment Committee. (MarketWatch)

• MSIM Appoint Managers For High Yield Fund

  Morgan Stanley Investment Management has named Dennis Schaney and Andrew Findling portfolio managers for its High Yield Fund.

• Stock Funds Up $2.2 Billion Amid Equity Surges

  Stock mutual funds attracted $2.2 billion in the past week after equity values surged, according to estimates from TrimTabs Investment Research. (Bloomberg)

• Credit Agricole To Enter ETF Market

  Credit Agricole will enter the exchange-traded fund market with the launch of a suite of ETFs on Euronext Paris. (Financial Standard)

• UTI MF, REPCO Do Distribution Tie-Up

  UTI Mutual Fund has reached an agreement with REPCO Bank whereby all REPCO branches will distribute UTI funds. (The Hindu Times)

• ETFs See Inflows Of Over $7.3 Billion

  Net inflows into exchange-traded funds topped $7.3 billion in October as markets continued to drop. (IndexUniverse)

• Money Market Assets Up $21.79 Billion

  Total money market mutual fund assets increased by $21.79 billion to $3.61 trillion for the week ended Wednesday, according to the Investment Company Institute.

• PowerShares Cuts Fees

  PowerShares cut the expenses on its lineup of fundamental index exchange-traded funds. (ETF Trends)

• Union Bank, KBC Group Enter MF Market

  Union Bank of India has entered into a joint venture with Belgium financial player KBC Group to launch a mutual fund business. (Business Standard)

• Market Crisis Breeds New Star Managers

  Market volatility is giving rise to a new generation of fund managers who are keeping their funds afloat during the financial crisis. (Reuters)