Portfolio

NEW YORK—Running its quantitative screens for its annual rebalancing, the Hennessy Focus 30 Fund turned up two sectors that at first puzzled Neil Hennessy, chairman and chief investment officer of Hennessy Funds. Energy. And utilities.

While many investors and wealth managers continue to operate under the assumption that, sooner or later, order will be restored and things will go back to the way they were before the 2008 financial meltdown, some pundits are warning that's not going to happen and everyone better adapt to the new rules of the investment game.

As the parent company announces earnings, the Americas unit sees more net new money and higher FA productivity.

Although the State Street Investor Confidence Index is still below 100, indicating institutional investors’ appetite for equities and other risky assets is neutral, the index jumped significantly by 6.7 points to a reading of 96.7 in October—underscoring marked and continued improvement in institutional investors’ outlook.

Having made changes to the fund’s investment capacity, the $6.6 billion Eaton Vance Macro Absolute Return Fund is reopened to additional investments.

State Street Global Advisors, the asset management business of State Street Corporation, has announced changes to the indices and names of five financial industry SPDR ETFs.

State Street Global Advisors, the asset management business of State Street Corporation, has announced changes to the indices and names of five financial industry SPDR ETFs.

Having made changes to the fund’s investment capacity, the $6.6 billion Eaton Vance Macro Absolute Return Fund is reopened to additional investments.

The Department of Labor on Monday issued final rules on investment advice in 401(k) plans, largely in line with its initial definition of advice.

A Bank of America Merrill Lynch survey of global fund managers makes it abundantly clear that just about everyone is sure Greece will default on its foreign debt obligations. And while this isn’t good news, the view from top money managers is that this eventuality has already been priced into the market and most are more optimistic about the global economy than they were last month.