Portfolio

Investors withdrew $5 billion from U.S. stock and bond long-term funds in September, Strategic Insight reports.

Gemini Fund Services is expanding its portfolio, building out its Northern Lights Fund Trust I shared mutual fund trust with the addition of three new funds from Ascendant Advisors.

Hedge funds took in $6.1 billion in net new flows in August, marking the seventh month of inflows since January, according to BarclayHedge and TrimTabs Investment Research. For the first eight months of the year, hedge funds have seen $51 billion in inflows.

The Consumer Reports Sentiment Index remained weak in October, dropping minimally to 47.6 from 48.8 the month before—but showed some glimmers of hope for the economy.

The Hartford is taking part in the upcoming National Save for Retirement Week of Oct. 16 with the “It’s In Your Power Campaign,” based on superheroes. The campaign, aimed at 1.4 million participations in 32,500 plans, shows two superheroes flying around on scooters, enjoying leisure time with friends and family and generally just enjoying being retired.

Hedge funds took in $6.1 billion in net new flows in August, marking the seventh month of inflows since January, according to BarclayHedge and TrimTabs Investment Research. For the first eight months of the year, hedge funds have seen $51 billion in inflows.

Municipal bonds are at some of their cheapest levels, relative to Treasuries, in market history. The problem is, most muni buyers don’t care.

While the Standard & Poor’s 500 Index fell 14.3% in the third quarter, many mutual fund categories performed worse, according to Lipper.

In the wake of economic and stock market volatility, many 401(k) investors are questioning the wisdom of 401(k), 403(b) and 457 plans, a survey by Allianz Life Insurance Company finds.

Bank of America Merrill Lynch has unveiled a new set of features for its 401(k) and employee financial benefit programs including new mobile access to retirement account information.