Portfolio

The combined assets of the nation’s exchange-traded funds rose in November by $26.06 billion, or 2.1%, to $1.295 trillion.in November, according to data from the Investment Company Institute.

Legg Mason Global Asset Management last month teamed up with Brandywine Global Investment Management to launch the Legg Mason BW Global High Yield Fund.

Investors redeemed $6.57 billion from mutual funds for the week ended Wednesday, December 12, according to data from the Investment Company Institute.

While the bloom is still on the alternative mutual fund rose, 2012 hasn't been as kind to alternatives as in years past.

"We are likely to end 2012 with a record level of assets'' in exchange-traded funds and other exchange-traded products, said Deborah Fuhr, Managing Partner at ETFGI, the London consulting firm that compiles the numbers. This should also reflect "a record level of net new assets invested into the products during the year.''

Exchange-traded funds have had a banner year, reaching a new peak of $1.7 trillion in assets held, at the end of November.

While the bloom is still on the alternative mutual fund rose, 2012 hasn't been as kind to alternatives as in years past.

Target-date funds are slowly inching their way into 401(k) plan participants’ portfolios.

Investors redeemed $6.57 billion from mutual funds for the week ended Wednesday, December 12, according to data from the Investment Company Institute.

Envestnet-Tamarac, a Chicago-based provider of integrated web-based portfolio and client management software for independent advisors, has entered into a strategic alliance with Salentica Inc., a provider of client relationship management and client reporting technology solutions for wealth managers