Portfolio

The funds might include both domestic and U.S.-listed foreign companies, a feature that allows for a more global representation.

Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in their last-ditch effort to get their $9 billion merger cleared by the European Union.

Encouraging economic news from Europe and the Commerce Department put a charge into stocks Tuesday, sending the Dow Jones Industrial average up 337 points – its largest single-day surge of the month.

Global X Funds is liquidating eight of its exchange-traded funds, including a fund focused on emerging markets and another on waste management.

Investment management firm Matthews it will re-open two of its funds to new investors. The Matthews Asian Growth and Income and the Matthews Asia Small Companies funds will both reopen on Jan. 4, 2012.

Dalbar has announced its 2011 Mutual Fund Service Award Winners in Financial Services—with top honors for customer service going to:

Versus Capital will launch a retail mutual fund-of-funds that invests directly in income-producing real estate—a type of investment typically only available to institutional investors. Callan Associates will serve as sub-advisor.

Global X Funds is liquidating eight of its exchange-traded funds, including a fund focused on emerging markets and another on waste management. All of the funds trade on NYSE Arca. The eight closings, scheduled for Feb. 27, with the last day of trading on Feb. 16, are:

Americans’ financial outlook is ending 2011 with a continued rise in confidence, the Country Financial Security Index shows. The index rose 1.6 points in December, to end the year at 64.8.

A jury for the U.S. District Court for the Southern District of New York has ruled in favor of an SEC lawsuit against a former Prudential Securities registered rep for market timing mutual funds between 2001 and 2003.