Portfolio

The exchange-traded funds space has had its fair share of successful launches and flameouts this year.

The Securities and Exchange Commission is turning over its leadership with the departure of yet another high-ranking official.

Happy holidays for Gemini Fund Services, which has announced a major achievement for its Northern Lights shared trusts.

Mutual funds suffered total estimated outflows of $2.0 billion for the week ended Wednesday, December 5, according to data from the Investment Company Institute.

With the impending fiscal cliff only weeks away, Washington still has not reached a compromise. Yet a recent Gallup survey found that eight in 10 Americans consider achieving resolution to avoid the fiscal cliff extremely or very important. For businesses and individuals, this means a difficult task in year-end tax planning.

For the week ended Dec. 5, investors pulled an estimated $5.84 billion from U.S. funds, bringing total outflows for the year to more than $136 billion.

Many Americans are in the dark about stock market performance in 2012, according to an Edward Jones survey.

OppenheimerFunds is ringing in the holiday season in a geeky but philanthropic way.

Fidelity Investments is lowering investment minimums on 22 equity, fixed income and enhanced index funds, and slashing total net expenses on eight of its Spartan Index funds.

Following the Malvern, Pa., company's announcement of 300 new hires in its Arizona office, the mutual fund giant has announced 354 new positions for its Pennsylvania and North Carolina offices as well.