Portfolio

Are active exchange-traded funds just a gimmick? And is there a resolution in sight for any potential further reform of the money market mutual fund industry?

New York Life, the parent company of Mainstay Investments, has hired Don Desiderato as senior managing director and chief technology officer.

ALPS has launched the U.S. Equity High Volatility Put Write Index Fund (HVPW), which tracks the NYSE Arca U.S. Equity High Volatility Put Write Index.

Investors in Los Angeles–based FPA funds will be glad to hear that effective April 1, all of the FPA Funds will be available as no-load funds.

The battle over the estate of the Godfather of Soul started not long after James Brown died in 2006. Now, the South Carolina Supreme Court issued a landmark ruling that may finally lay the epic feud to rest, and could establish an interested precedent for your clients.

One RIA has found an attractive niche: Americans working in the Middle East. The foreign focus has helped him accumulate $470 million in assets, but it is not without its hurdles.

The largest purveyor of money market mutual funds in the United States this month told the Financial Stability Oversight Council that no further reform of such funds is necessary.

First Trust Advisors has launched another actively managed ETF.

Tax-exempt money market funds saw modest inflows as they reversed the recent outflow pattern.

Inflows to municipal bond mutual funds ticked up this week to $324 million, making it eight consecutive weeks in the red.