Portfolio

In an effort to develop jumpstart its exchange-traded fund business, Russell Investments announced Wednesday it plans to buy U.S. One Inc., a registered investment advisor and ETF provider.

While regulators have focused on target-date funds since the financial crisis, most investors understand the funds’ basic design and are aware of their risks, a Vanguard survey of 4,700 investors shows.

Assets held in domestic exchange-traded funds increased 28% last year to $994.7 billion.

The sub-advisors who will construct the fund’s regional sub-portfolios hail from offices including those in Brazil, India, Japan and South Korea.

Fidelity Investments on Wednesday announced a new unified managed account for high-net-worth investors, the Fidelity Personalized Portfolios, which provides daily tax analysis.

The investment platform is aimed at investors with at least $200,000 in investable assets.

Donors gave to Fidelity’s donor-advised fund in record numbers in 2010 - a sign of the critical role donor-advised funds are playing in charitable giving.

Only 62% of Americans have a basic financial literacy level.

MarketRiders has released a 2010 Portfolio Report Card showing that stock and bond market portfolios returned between 4 to 16 percent.

There are several reasons for the long-term performance success of Vanguard Group’s GNMA Fund Investor Shares, but one of the simplest is this: It doesn’t have high fees weighing down its returns.