Portfolio

The creator of the highest daily value rider saw bank sales shoot up by 144% year-over-year in the second quarter.

Investors continue to stuff cash into municipal bond mutual funds, exacerbating a supply-demand imbalance that has kept yields on tax-exempt bonds near historic lows.

The municipal market sold off Friday, heading into the three-day Labor Day weekend with a third consecutive session of rising yields after weeks of historic firmness.

Investors continue to stuff cash into municipal bond mutual funds, exacerbating a supply-demand imbalance that has kept yields on tax-exempt bonds near historic lows.

Fidelity Investments has enhanced its custodial platform, WealthCentral, for registered investment advisors, so that it is now possible to create block orders from the portfolio modeling and rebalancing tool, as well as conduct searches more effectively.

Buy-side firms and other market players want to expand the scope of transaction reporting to comply with European legislation on best execution to over-the-counter derivatives and introduce position reporting for OTC derivatives as well.

In the past few years, a series of converging trends have combined to place hedge funds, separately managed accounts and private banks under greater pressure than ever before. First, firms whose clients include high- and ultra-high-net-worth individuals face a never-ending battle to hold innovative, well-financed competitors at bay. At the same time, internal management continually seeks techniques to boost the productivity of relationship managers while struggling to implement sophisticated, faster trading and processing systems.

WASHINGTON - A National Bureau of Economic Research study has concluded that while Build AmericaBonds have succeeded in their mission to lower financing costs for state and local governments, traditional tax-exempt bonds still offer more enticing after-tax yields to individual investors.

The Securities and Exchange Commission has given money market funds a reprieve from following an amendment to money market fund regulations requiring them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

Frances A. McMorris, On Wall Street’s editor-in-chief, continues her new blog with a closer look at the comments streaming in to the SEC regarding a new fiduciary standard