Portfolio

Vanguard is lowering the fees on six funds by adding low-cost Admiral Shares to them. Vanguard’s Admiral Shares program requires a minimum account balance of $10,000.

State Street Global Advisors has launched three new exchange-traded funds, the SPDR S&P Aerospace & Defense ETF, SPDR S&P Health Care Services and SPDR A&P Software & Services funds.

Scout Investments has launched the Scout Unconstrained Bond Fund, which will invest across the entire fixed income universe -- including investment grade, high-yield, governments, agencies, mortgage-backed, asset-backed and foreign markets.

The combined assets of the nation’s mutual funds decreased by $398 billion, or 3.3 percent, to $11.621 trillion in August, according to the Investment Company Institute.

The Dow Jones Industrial Average jumps 143.08 to 11,153.98 in a volatile trading session. Most of the gain came in the last 30 minutes of trading.

A significant number of advisers who serve 401(k) plans will ramp up their retirement income planning practices over the next few years, according to a new report from Principal Financial, called the “2011 Best Practices in Retirement Income Planning Study.”

Scout Investments has launched the Scout Unconstrained Bond Fund, which will invest across the entire fixed income universe—including investment grade, high-yield, governments, agencies, mortgage-backed, asset-backed and foreign markets.

State Street Global Advisors has launched three new exchange-traded funds, the SPDR S&P Aerospace & Defense ETF, SPDR S&P Health Care Services and SPDR A&P Software & Services funds.

MassMutual Retirement Services’ 2011 campaign to prompt 401(k) participants to save more has succeeded in boosting deferral rates by 4.34%. It also was aimed at getting those who were not saving into the game, and helping those with portfolios to revisit their allocations.

ConvergEx Group has launched a new division dedicated to the formation, performance and management of alternative mutual funds.