Portfolio

Ameriprise eliminates redundancies in mutual fund coverage following its acquisition of Columbia and subsequent merger with it RiverSource investment unit.

Sector has seen net capital withdrawals in seven of the last eight quarters.

When asked whether municipal bonds can continue their record-setting ways, one of the most common refrains from market participants is: "why not?"

The Congressional Budget Office Thursday upped the estimated cost of the Build America Bond program by $10 billion to $36 billion over 10 years in its new estimates on the fiscal 2010 budget deficit and economic outlook.

The Investment Company Institute reported Wednesday that $5.96 billion were added to mutual funds in the week ended August 11. But U.S. equity funds continued to lose ground for a fifth straight week.

The new municipal underwriting group at U.S. Bancorp Investments continues to expand its ranks, adding Leon Bijou as the group's in-house legal counsel last week and securing Bill Bingham to oversee fixed-rate trading this fall.

The Securities and Exchange Commission today for the first time charged a state–New Jersey–with violating securities fraud laws by failing to disclose to bond investors that it was underfunding its two largest pension plans.

BNP Paribas has pushed to reorganize its corporate and investment banking business in the Americas by making some key staffing swaps within equities, derivatives and structured finance, the firm said yesterday.

On Tuesday Northern Trust's asset management arm, Northern Trust Global Investments, launched a Frontier Markets index fund for institutional investors with exposure to under-represented regions such as Eastern Europe, Africa and the Middle East, as well as a Asia and the Americas.

For all those young investors out there who are willing to take more risk with their retirement plans because of their longer time horizon, Vanguard has a new fund for you.