Portfolio

Investors worldwide pulled $171 billion out of mutual funds in the third quarter of 2011, according to statistics released late Thursday by the Investment Company Institute.

Investors worldwide pulled $171 billion out of mutual funds in the third quarter of 2011, according to statistics released late Thursday by the Investment Company Institute.

Here’s what Investment Technology Group thinks will happen in the coming year, with modest re-interpretation.

The number of listed exchange-traded funds grew 20.6% in 2011 and the number of listed exchange-traded notes grew 53.8%, according to U.S. figures developed by the Exchange-Traded Fund Association.

The Dow Jones Industrial Average picked up 21.57 points to close at 12,471.02 while the Nasdaq recorded its sixth consecutive winning session, gaining 14 points to finish at 2,724.70.

Fidelity Investments is now offering a free version of its WealthCentral customer relationship and portfolio management platform for the iPad.

Speculation about widespread municipal credit defaults and bankruptcies sent them running from the tax-exempt market early in the year. Now as 2012 gets under way, mom-and-pop investors are back and looking to glean some of the performance that made the sector shine in the fourth quarter of 2011.

Bank holding companies earned a record $2.26 billion from the sale of annuities in the first three quarters of 2011, up from $1.84 billion, or 22.6%, from the year-ago period.

It's time to think about accelerating clients’ income for 2012 in anticipation of higher taxes for 2013 and beyond, according to the founder of one of the nation’s largest RIAs.

The world's largest asset management firm will be the first company to list securities on a BATS Global Markets electronic venue that now competes for listings on the New York Stock Exchange and Nasdaq Stock Market.