Portfolio

Chicken Little was wrong about municipal bonds and the funds that invest in them.

The Dow Jones Industrial Average fell another 130.55 points Monday to close at 12,929.59 while the Nasdaq and S&P 500 lost 33.42 points and 15.88 points, respectively.

New York-based Fred Alger Management, Inc. today launched a new interactive timeline, dubbed "Three Leaders, One Vision," on the firm’s website detailing the history of the firm’s leadership.

New York Life Investments today said it achieved company records in both gross and net sales in 2011.

Financial advisors are increasingly turning towards alternative investments and tactical asset allocations in response to market turbulence, according to a survey released by Curian Capital.

Asset manager and fund administrator North Trust Corp. announced a number of leadership changes, including the hiring of David Fox Jr. as head of Northern’s Corporate & Institutional Services (C&IS), for the Americas. Also, Northern Trust Vice Chairman and Management Group member Sherry Barrat will retire at the end of June.

Americans held $4.5 trillion in all employer-based DC retirement plans on December 31, 2011, of which $3.1 trillion was held in 401(k) plans, according to data from the Investment Company Institute.

Morningstar’s fund analysts have assigned a Gold rating to just one fund in the past weeks: T. Rowe Price Tax-Free High-Yield (PRFHX).

If you don't understand what you're buying and you don't understand what you're getting into, avoid this investment like paying off your home mortgage depends on it.

Olney, M.D.-based Arrow Investment Advisors has named Joseph Cunningham to the newly created role of Director of Capital Markets.