Portfolio

Alternative mutual funds are making their way into the market via mutual fund firms, hedge funds, private equity shops and now banks.

Hartford Funds has named Wellington Management Company’s Nanette Abuhoff Jacobson as global investment strategist.

Matthews Asia is closing its Gold-rated Matthews Asia Dividend Fund (MAPIX), which bets on income-paying stocks in the Asia Pacific region, to new investors on June 14.

T. Rowe Price is selling off its subsidiary, T. Rowe Price Savings Bank, to Jacob Safra for some $24 million in cash, the firm revealed today in a filing.

State Street Global Advisors has added two more SPDRs to its lineup: the SPDR S&P Global Dividend ETF (WDIV) and the SPDR Barclays 1-10 Year TIPS ETF (TIPX).

Mutual fund assets inched up by $179.6 billion, or 1.3%, to $13.856 trillion in April, according to data from the Investment Company Institute.

Building a well-diversified portfolio requires some "real assets," which has some advisors examining investing in unique global commodities.

Most clients enter a financial planner’s office with high expectations so it’s important to discuss their views on risk at an early stage in the relationship.

Investment Company Institute chief public communications officer Mike McNamee is speaking out in anticipation of the Securities and Exchange Commission hearing on money market fund reform.

API Funds is focusing on building advisor tools with a new alliance.