Portfolio

Financial institutions can increase their program revenue by 76% by emulating best practices of top competitors: PrimeVest

State Street Global Advisors on Thursday began trading the SPDR Barclays Capital Short Term High Yield Bond ETF on the NYSE Arca. The new SPDR ETF offers investors access to high yield corporate bonds with short durations. Its annual expense ratio is 40 basis points.

California-based investment advisor James Michael Murray allegedly defrauded investors using a bogus report from a fictitious auditing firm to embellish the performance of a hedge fund, according to the SEC.

Milwaukee, Wis.-based UMB Fund Services, Inc. today revealed a new milestone for its Investment Managers Series Trust, which has surpassed the $2 billion mark in net assets.

Prudential Investments has launched a long-term growth equity fund that invests in companies from a broad range of countries, including emerging markets.

PIMCO’S Douglas M. Hodge, managing director and COO of PIMCO, on the debate around how much investment managers should incorporate social responsibility into their investing decisions on behalf of clients.

Retirement executives at Fidelity Investments today have a few billion reasons to smile. That’s because the plan provider has renewed its contract with Raytheon Company, a technology and defense company, through 2017. The two companies have a 20-year relationship that began in 1992.

If an industry-wide fiduciary standard is adopted, what might the practicalities of meeting that standard be? Citi’s financial services unit has some possible technology-based answers to this question.

Russell Investments has launched two exchange-traded funds focusing on high dividend yield investments in American companies.

Nearly 54% of mutual funds taking part in a Bonaire Software Solutions study on distributor rebate payments said that tracking and reconciliation is their biggest challenge.