Portfolio

BOSTON—“Emerging markets are just a niche asset class” persistently remains as one of the five biggest myths about investing in emerging markets, said John Flint, chief executive officer of HSBC Global Asset Management.

In this low interest rate environment, some financial planners are advising their clients to cut the middleman out entirely with intra-family loans.

A pan-African commodity and derivatives exchange said it will open in the middle of next year.

Morgan Stanley Smith Barney has three words for asset managers specializing in registered alternative investment products: Bring it on.

"Investors are running scared, from fear to fear,” said Brad Durham, managing director of EPFR, a global fund tracking firm, during an address at the Fund Forum USA’s Global Fund Distribution Summit.

BOSTON—Morgan Stanley Smith Barney has three words for asset managers specializing in registered alternative investment products: Bring it on.

NEW YORK-- Stifel Financial Corp. Chairman, President and Chief Executive Ronald Kruszewski urged pessimistic members of the financial services industry to go back and read a 1979 BusinessWeek article titled “Death of Equities."

The Dow Jones Industrial Average added 101.79 points to 12170.18 Tuesday. The Dow Jones U.S. Total Stock Market Index rose 150.95 points to 13242.81. Stocks were lifted after news that Italian Prime Minister Silvio Berlusconi said he would resign after a budget law is approved.

Nasdaq OMX Group and a unit of Canada’s TMX Group said they are developing a family of capital markets indices based on U.S. Treasury instruments that will be rebalanced daily, instead of monthly.

"The greatest stimulus package in the world is certainty. For the past two years we have not had certainty," Bob Reynolds, president and chief executive of Putnam Investments told the Fund Forum USA’s Global Fund Distribution Summit here Tuesday.