Portfolio

The Internal Revenue Service is kicking off the first round of audits of Build America Bonds and is asking issuers if any potentially related entities, such as pension plans, are buying their BABs, according to issuers and IRS officials.

The ETF business is exploding with more providers entering the space and more interest from advisors and investors than ever before. Many advisors are becoming more sophisticated in their use of ETFs. However with rapid development comes confusion. The ETF 360 Summit on Oct. 21 in New York City helped advisors sort through the clutter and confusion, teaching them to identify the buying opportunities to get the best results for their clients.

The Women Advisors Forum opens Monday with food for this thought: That gender equality is the basis for intelligent investing.

Business owners are not planning to hire and most advisers are not expecting the economy to recover next year.

It isn’t every day that you get your opinion validated by the likes of Jeremy Siegel, the “Wharton wizard,” market commentator and senior investment strategy advisor for Wisdomtree ETFs. Siegel delivered a very bullish talk at Sourcemedia’s ETF 360 conference in New York.

NEW YORK—Growth in emerging markets has the potential to outpace the U.S. Baby Boomer explosion by 25 times, and as consumption and infrastructure in these nations builds, specialized emerging market exchange-traded funds will become increasingly viable, said Robert Lutts, president and chief investment officer of Cabot Money Management.

Market-linked CDs’ winning features are pushing indexed annuities off banks’ product shelves.

Annuity information company is a unit of Advanced Sales and Marketing.

The Hartford’s Canadian fund business is comprised of 18 mutual funds. The deal is expected to close in December.

Outflows among tax-exempt money market funds rose to $2.31 billion in the week ending Oct. 18, causing total net assets to recede to $327.99 billion, according to the Money Fund Report, a service of iMoneyNet.com.