Portfolio

Russell Global Index is absorbing 31 initial public offerings for the fourth quarter, effective Monday, Dec. 19.

William Blair Funds has introduced the William Blair Small-Mid Cap Value Fund, aimed at delivering long-term capital appreciation and portfolio diversification by taking moderate risk.

The $241 billion PIMCO Total Return, which has underperformed its peers over the past year—returning 3.48% year to date—has been hit with $17 billion in outflows, Morningstar data shows. By comparison, taxable bond funds, which are up 5.87% YTD, took in $105.8 billion in inflows over the past 12 months.

Invesco has launched the Invesco Premium Income Fund, aimed at investors looking for current income streams, the investment management firm announced. The strategy is designed “to provide protection during periods of economic stress” while still meeting income goals, the firm said in a statement.

Here are a dozen gifts (plus one) which could ruin your holiday spirit -- and pocketbook -- if FINRA decides you have crossed the line and been too generous.

Investors pushed stocks higher for the first time this week Thursday after an initial jobless claims report checked in at a three-and-a-half week low and the Philadelphia’s Fed’s Business Outlook for December came in with a 10.3 reading – dramatically higher than the 4 score most economists had predicted.

Advisors agree almost unanimously that volatility will be a force to reckon with in the next two years, but 38% are not using managed volatility strategies in client portfolios, according to an SEI poll of 200 financial advisors.

Raymond James has added four firms with total assets of $410 million to its RIA division, said Mike DiGirolamo, senior vice president and managing director of the Investment Advisors Division of Raymond James Financial Services.

The 11th quarterly Allstate-National Journal Heartland Monitor Poll found that near-retiree Baby Boomers have pushed back initial plans to retire at age 60, to 66. Additionally, 68% of Baby Boomers expect to work in some form after retirement, the survey of 1,200 Americans found. Only 11% of current retirees currently work.

On the heels of reports coming out of Washington on the government’s scramble to protect the country’s power grid from cybercriminals, CSC reports the launch of an Insurance Cybersecurity Advisory Council for life insurance and annuity providers and property/casualty insurers.