Portfolio

The Dow Jones Industrial Average scampered up 25.09 points Friday to finish at 13.275.20 while the Nasdaq and S&P 500 added 14.20 points and 2.65 points, respectively.

Principal Funds has rolled out the Principal Opportunistic Municipal Fund, which can invest across a broad range of credit qualities, durations and geographic exposures.

Municipal debt funds stayed on track for the 18th consecutive week of net inflows, this time for $0.9 billion.

SS&C has consolidated its fund administration and Portia portfolio investment accounting system businesses in a single business unit renamed SS&C GlobeOp.

The Securities and Exchange Board of India met yesterday and took a number of steps to reenergize the mutual fund industry in India.

More than a third of investors are less tolerant of risk than they were eight months ago, according to a new TD Ameritrade investor sentiment survey.

QFS Asset Management announced that Dr. Jim Xiong has rejoined the firm as co-chief investment officer.

More than three in four advisors expect to continue selling variable annuities and allocate 11% of their assets under management toward these products, according to Cogent Research.

Anchor Capital Advisors will hire Michael C. Pierre as portfolio manager and acquire the client accounts that he manages from Moody Aldrich Partners.

BMO Asset Management is changing the investment objectives of several ETFs. The biggest change involves switching two of the ETFs to more recognized indices. In both cases, the firm is moving from Dow Jones indices to S&P benchmarks.