Portfolio

The Dow Jones Industrial Average rallied up 100.51 points to Friday to close at 13,157.97 while the Nasdaq and S&P 500 moved up 16.39 points and 9.05 points, respectively.

Fidelity Investments is planning to fold its Fidelity Advisor Stock Selector Mid Cap Fund in the Fidelity Advisor Growth Strategies Fund.

After peaking at over $1,900 an ounce in August 2011, gold prices are now down around 12% from that apex. However, investors' demand for gold bullion ETFs has not dulled.

Pyramis Global Advisors, the institutional asset management arm of Fidelity Investments, has expanded its global distribution leadership team with the additions of Maureen Fitzgerald as head of North American Institutional Distribution, a newly created position.

Calamos Investments this week welcomed an old foe into its fold.

SEC Commissioner Luis A. Aguilar said that the agency should look at the “cash management industry as a whole” instead of zeroing in only on money market funds.

Plan participants who pick their own mix of investment options are generally exposed to greater risk due to reduced diversification, according to The Principal.

ICI President and CEO Paul Schott Stevens said the "exhaustive record" before the SEC did not support the changes that it was proposing.

The inclusion of alternative ETFs in a portfolio provides a risk-adjusted benefit to investors, according to research from Lipper.

After a large inflow the previous week, assets held in institutional money market funds decreased by $1.06 billion to $1.686 trillion for the week ending Aug. 22.