Portfolio

Edward Jones, a St. Louis-based brokerage firm, announced Monday that it has added 12 model portfolio to its mutual fund and exchange-traded fund advisory program.

BlackRock Inc., the world's largest money manager, said on Monday it will buy Taiwanese fund management firm Primasia Investment Trust.ust.

The New York money manager plans to acquire Primasia Investment Trust Co. to enter Taiwan's domestic mutual fund market.

The St. Louis brokerage firm added 12 model portfolios to its mutual fund and exchange-traded fund advisory program, Edward Jones Advisory Solution.

Retail demand for municipal bonds continued to surge last week as mutual funds that invest in state and local government debt posted their second biggest weekly inflow of the year.

Martin Kanefsky, the former owner and chief executive officer of a Great Neck, N.Y.-based firm that helped municipal issuers secure guaranteed investment contracts for their bond proceeds, pleaded guilty to participating in two separate fraud conspiracies as well as wire fraud, the Justice Department announced Thursday night.

Fund flows in July offered mixed messages regarding investors’ appetite toward risk.

Computer-coding error in quant strategy appears to be cause for the firing.

Vanguard has dropped AXA Rosenberg Group as a sub-advisor of the Vanguard Explorer, Vanguard U.S. Value and Vangaurd Market Neutral funds, replacing the oversight with its own Quantitative Equity Group, Vanguard said Thursday.

The new product will focus on credit opportunities in emerging markets.