Portfolio

JPMorgan Chase said it agreed to pay $211.2 million to settle federal and state probes into the conduct of some of its former workers on its municipal derivatives desk, prior to 2006.

REITs continue to beat the S&P 500, according to NAREIT, the National Association of Real Estate Investment Trusts. In the first half of 2011, U.S. REITs were up almost 10%, compared to 6% for the S&P 500.

Hedge fund managers have turned decidedly bearing on U.S. equities and the economy, according to a survey of 87 managers by TrimTabs Investment Research and BarclayHedge.

The Discover U.S. Spending Monitor, a daily poll of 8,200 consumers tracking their confidence in the economy and spending intentions, recorded its largest one-month decline in June, falling 4.4 points from 89.5 to 85.1—indicating that the majority of Americans believe the economy and their own personal finances are worsening.

Wells Fargo Funds Management has launched the Wells Fargo Advantage Dow Jones Target 2055 Fund, a target-date fund benchmarked against the Dow Jones Target 2055 Index and sub-advised by Global Index Advisors, State Street Global Advisors and Wells Capital Management.

J.P. Morgan Asset Management has been selected as the investment manager for New York’s $1.9 billion 529 college savings plan. After completing the extensive request for proposal process, J.P. Morgan said, negotiations will now begin on the details of the seven-year agreement.

No, it can’t be. Has the 15-year saga started by Anna Nicole Smith, as she tried to get money from the estate of her deceased husband, really come to an end?

Exchange-traded funds, or ETFs, have become increasingly popular among investors because they're more liquid and tax efficient than mutual funds and give them exposure to stocks, bonds and commodities they otherwise might not be able to access.

The wind is at the back of alternative energy and it has a sunny future that investors should prepare to capitalize on. That’s the word from Anna Davydova, portfolio manager of the Fidelity Select Environment and Alternative Energy Fund.

The Vanguard Group has issued industry results from its “How America Saves 2011” report, based on the 3.2 401(k) investors it serves in 2,500 plans. The industry that saves the most in 401(k) plans is both small and large utilities (9.0% and 8.2% average contribution rates, compared to an average of 6.8%).