Portfolio

Stock markets around the world are on the rise and investor sentiment is, not surprisingly, riding along.

RiverNorth Capital, in partnership with DoubleLine as sub-advisor, has launched the RiverNorth/DoubleLine Strategic Income Fund.

With the two launches, Schwab now has a total of 13 equity and fixed income ETFs.

The hedge fund industry has recovered most of the ground it lost during the financial crisis.

Charles Schwab has launched the Schwab U.S. Mid-Cap ETF and Schwab U.S. REIT ETF, bringing Schwab’s total fixed income and equity ETF offerings to a total of 13.

The Palm Beach Gardens, Fla., investment advisory firm bought Weiss Capital Management Inc, an independent registered investment advisory firm.

At $1.917 trillion, the industry is just shy of its peak level, reached in the second quarter of 2008.

Redemptions since Dec. 2 total $15.76 billion.

For all those bears out there it’s time to turn those frowns upside down.

With stocks up for the seventh consecutive week, Bob Doll, BlackRock chief equity strategist, sees no reason to expect a plunge.