Portfolio

Despite the increasing proliferation of target-date funds in employer-sponsored retirement plans, many sponsors aren’t very knowledgeable about the funds, Janus found in a survey.

Industry groups are urging the Securities and Exchange Commission to reject a proposal from the Municipal Securities Rulemaking Board to provide it with an additional $17 million in revenue annually by nearly doubling the amount of transaction fees it collects from dealers.

As markets continue to be volatile, Putnam believes investors will be more focused on reducing risk and earning returns that beat inflation.

The company cited $1.6 billion of debt as of June 30.

With investors still trying to heal from the economic crisis that tore through the global economy, many are pouring their dollars into bond funds. But there are still challenges going forward and many need help navigating their options, said investment experts and fund managers from The Hartford at a luncheon in New York City Tuesday.

Americans are not going to neglect their finances. Actually, 65% of respondents said they planned to save more money in the coming year.

Robert Kelly, Bank of New York Mellon’s chairman and chief executive officer, said a “huge" amount of uncertainty remains in the economy and until the housing situation is sorted out and unemployment is reduced, the financial system will remain uncorrected.

NEW YORK—Absolute-return funds may now only total $140 billion, a scant 1.2% of the $11.26 trillion in mutual funds, but that will grow to 10% to 15% over the next decade, predicts Putnam Investments President and Chief Executive Officer Robert Reynolds

Charles Schwab announced on Tuesday that ETF assets exceeded $100 billion, in part because of the success of Schwab’s own ETF products.

LPL advisor Stephen Wedel is wowing clients by creating retirement income streams out of investment sources most advisors don’t touch.