Portfolio

Online media pioneer Arianna Huffington told attendees of the Investment Company Institute’s annual membership meeting that “there’s no greater stress than financial stress.’’ And the media needs to do better at spotting and explaining potential points of stress, before they occur.

Regulators in nations around the world, including fast-developing markets, don’t know quite what to make of the asset management business, fund executives said.

Tax-exempt money market funds generated inflows for the first time in nearly a month, as $2.84 billion of new cash flowed in and total net assets settled at $274.96 billion in the week ended May 7, according to the Money Fund Report, a service of iMoneyNet.com.

Municipal bond mutual funds saw a huge week of inflows, as investors continue to see strength in the market.

The Dow Jones Industrial Average finished in the black for the first time in seven trading sessions Thursday, gaining 19.98 points to close at 12,855.04 as bank and energy stocks moved higher.

May 10, 2012: ICI GMM 2012. Fidelity, Charles Schwab, MSSB, Dodge & Cox. When interest rates flip and rates start to increase, the value of bonds and funds that invest in them will get hit. And that can shock investors, said fund executives Thursday morning.

May 10, 2012: ICI GMM 2012. Regulators in nations around the world, including fast-developing markets, don’t know quite what to make of the asset management business, fund executives said Thursday. “Asset managers are considered the same as prop traders,’’ said Christian Dargnat, CEO, BNP Paribas Asset Management.

May 10, 2012: ICI GMM 2012. Arianna Huffington, William McNabb, Gillian Tett debate role of media in funds industry.

On May 10, 2012, Credit Suisse's Asset Management Division has launched the Credit Suisse Liquid Alternative Fund, designed to offer access to hedge fund-like returns, with the flexibility of daily liquidity, increased transparency and 1099 tax reporting.

Fidelity Investments has launched a pair of global equity income funds