Portfolio

The Goldman Sachs chief is bullish on China, calls proposals for taxes on financial transactions "screwy," and believes that his firm needs to do a better job of repairing its image.

Tax season has come and gone, yet the run of outflows from municipal bond mutual funds dragged into its ninth straight week, at $391 million.

SEC chairman Mary Jo White made no comment Friday on what new reforms for the money market fund industry will come out of her administration, except that its proposal will be “appropriate and balanced.”

Speakers and attendees alike had plenty to say about the merits of an active management approach to investor assets at the annual conference of he National Association of Active Investment Managers. Check out some of the smartest things overheard at the conference.

The Lloyd Blankfein Show

Goldman Sachs Group chief executive Lloyd Blankfein said China needs ‘bigger equity markets” if it hopes to continue its “pretty impressive growth” of the last two decades.

There are a number of issues advisors should make sure are addressed before putting a client in international equities.

Emerging Global Advisors (EGA) is in the process of registering several actively managed ETFs investing in emerging markets, under the umbrella of the EGA Emerging Global Shares Trust.

Independent broker-dealers (IBDs) and RIAs have the edge over wirehouses when it comes to adding mutual fund assets under management, according to Access Data and Strategic Insight.

Robert Sharpe joined Heartland Advisors in the role of co-portfolio manager of the International Value Fund (HINVX), which invests in smaller equity dividend-payers in developed and emerging markets.