Portfolio

BlackRock said first-quarter earnings rose 10% as its exchange-traded stock funds drew client cash and assets increased.

WASHINGTON — Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

UBS Global Asset Management (Americas) is liquidating its Money Market Fund in June.

The job market in asset management may not be back to pre-crisis levels, but hiring will likely pick up after second quarter earnings reports, says recruiter George Wilbanks, president of Wilbanks Partners.

Three research analysts at Harris Associates, adviser to The Oakmark Funds, have been appointed co-managers of the Oakmark Equity and Income Fund (OAKBX).

Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

BlackRock’s iShares is taking a stab at actively managed exchange-traded funds by expanding its Factor exchange traded fund line-up on two fronts.

Northern Trust is adding three FlexShares funds to its quality dividend fund (QDF) suite.

IronGate, the largest independent wealth advisory firms in Wilmington N.C., opened its doors in 2005, and has a team of 14 advisors managing $200 million in assets.

Total estimated inflows to long-term mutual funds were $4.83 billion for the week ended Wednesday, April 10, according to the Investment Company Institute.