Portfolio

In September, more money flowed into mutual funds than flowed out, breaking a three-month pattern of fund outflows, according to Cerulli Associates’ October report on product trends. Despite the reversal into positive territory, however, mutual fund assets remain at a yearly low of $7.4 trillion.

Mercer’s U.S. outsourcing business has begun including retirement income from Financial Engines in its defined contribution platform. Financial Engines says its Financial Engines Income+ is the first retirement income solution designed specifically for 401(k) plans.

Schwab Charitable has launched the Charitable Legacy Program, to enable individuals to extend their charitable giving beyond their lifetimes.

Financial advisors can now purchase T. Rowe Price Advisor Class shares for their clients at no transaction fee on the Schwab Mutual Fund OneSource platform.

With Europe in the grip of a massive debt crisis, U.S. unemployment still near double digits and global markets roiling on what seems an unending rollercoaster ride, the impact from the 2008 financial meltdown has been nothing if not severe.

Flexibility. Tactical allocation. Macroeconomic analysis.

The Dow Jones Credit Suisse Hedge Fund Index fell for a second straight month, finishing down 3.2% in September, but beating the Dow Jones Global Index’s 9.88% decline.

Former Wasatch Portfolio Managers Robert Gardiner and Blake Walker, who formed Grandeur Peak Global Advisors, have launched their first two mutual funds: the Grandeur Peak Global Opportunities Fund and the Grandeur Peak International Opportunities Fund.

Tax-exempt yields soared as demand for safe-haven assets fell on positive news coming from Europe.

Blue Chips jumped 339.51 points to end at 12208.55, boosted by economic news from Europe and the U.S. All 30 component stocks ended higher.