Portfolio

Every industry has its Achilles' heel. For fund administrators, it's issues with data integrity and the lack of automation of key operations, such as expense processing. In terms of fund expenses, there is more to think about than advisor fee justification and distribution fee compliance.

Fixed-income exchange-traded funds have made big strides in asset gathering over the past five years, rising from $53.7 billion in 2008 to $229.1 billion by March of 2013, according to Lipper.

These managers just missed the cutoff for our upcoming top 20

The Financial Industry Regulatory Authority has updated its guidance for individual municipal bond investors by urging them to ask brokers questions about issuer disclosures and bond insurer ratings.

Tax-free money market funds continued to suffer the effects of federal income tax season as investors withdrew $5.58 billion from industry, leaving total net assets at $263.91 billion, according to The Money Fund Report, a service of iMoneyNet.com.

Mutual funds and exchange-traded funds ETFs saw redemptions of $7.0 billion the week ended April 24.

Fidelity Investments has rolled out a Windows Phone 8 brokerage app for Windows Phone users to help them manage their investments on the go.

Total money market mutual fund assets dropped by $1.87 billion to $2.593 trillion for the week ended Wednesday, April 24, according to the Investment Company Institute.

Touchstone Investments is closing one fund and transferring its assets into another fund that, essentially, does the same thing.

A former Canadian “mutual fund” salesman has been banned for life from the industry and ordered to pay a fine of $6 million for stealing clients’ assets valued at some $12 million, the Globe and Mail reports.