Portfolio

Standard & Poor’s has launched a new U.S. Mutual Fund Excellence Awards program to recognize those funds that consistently achieve the highest ranking in S&P’s five-star rating system.

ETFdb.com, an information source and database of exchange traded funds, has launched a free conversion tool that allows investors and advisors to map current mutual-fund holdings to their equivalent ETFs, which typically have cheaper expense ratios and are easier to trade.

Looking to fill a growing need for advisers for its brokerage business at a reasonable cost, PNC Financial Services Group Inc. has been training promising candidates in-house, in a departure from standard bank practice.

The E*Trade fund supermarket now includes 18 funds from USAA Management, 12 of them fixed income. USAA manages $43 billion in mutual funds and $6 billion in managed accounts.

The family office sector continues to experience key personnel shifts and increased consolidation.

Money managers buck August’s pessimism to enjoy a rosy September.

New tool approximates costlier mutual fund portfolios in exchange traded funds.

The Basel III bank capital requirements proposed earlier this month threaten to eviscerate the supply of eligible investments for tax-free money market funds — an industry already struggling with a severe supply shortage.

Mornginstar ETF Director Scott Burns said the firm might remove leveraged and inverse ETFs from its star rating system.

The exit of capital from mutual funds in the United States has slowed down, but showed signs of picking up steam again this month.