Portfolio

The Public Company Accounting Oversight Board has issued an alert to make auditors more aware of the risks they face when auditing companies with operations in emerging markets such as China.

The TCW Group has launched the MetWest Unconstrained Bond Fund, a mutual fund with the flexibility to invest across a wide array of global fixed-income sectors.

Touchstone Investments and Old Mutual Asset Management have entered into an agreement whereby Touchstone will acquire the U.S. mutual fund business of Old Mutual, bringing Touchstone’s assets to nearly $10 billion. The deal will also add several new sub-advisors to Touchstone’s roster of fund managers.

The Dow Jones Industrial Average rose 153.41 points to 10,808.71. Meanwhile, the Dow Jones U.S. Total Stock Market Index rose 2.69%.

Financial advisors are in huge demand among insurance companies that create the broad array of insured retirement income products. But if product creators want to succeed with that group, they need to get a few ground rules clear, a panel of financial advisors said during the Insured Retirement Institute’s annual conference on Tuesday.

Investors appear to have switched gears from focusing on replenishing their balances from 2008’s market downturn to taking all of the responsible steps to prepare for retirement.

The TCW Group has launched the MetWest Unconstrained Bond Fund, a mutual fund with the flexibility to invest across a wide array of global fixed income sectors.

BOSTON -- Top economists who spoke here at the Insured Retirement Institute annual conference told attendees to brace for fundamental paradigm shifts as they wait for global and domestic economies to stabilize.

Putnam Investments has launched the Putnam Dynamic Risk Allocation Fund, a ’40 Act mutual fund that uses the “risk parity” approach of its successful Putnam Total Return portfolio for institutional investors, which has delivered average annual returns of 9% since inception five years ago.

Loomis Sayles rolled out the Loomis Sayles Senior Floating Rate and Fixed Income Fund, aimed at navigating changing economic cycles by taking a flexible approach to investing in bank loans and other credit instruments.