Portfolio

The trend for precise exchange-traded fund offerings resurfaces, as returns and yields compress.

House Ways and Means Committee chairman Sander Levin plans next week to unveil new jobs legislation that would extend Build America Bonds and other muni bond initiatives that are set to expire at the end of the year.

Van Eck Global Friday launched the Market Vectors Emerging Markets Local Currency Bond ETF, trading on NYSE Arca under the ticker EMLC. The fund closed at $25.45 for the day.

BlackRock is promoting its first U.S. gold mutual fund, the BlackRock World Gold Fund, aimed at both retail and institutional investors. The fund is managed by gold and natural resources specialists Evy Hambro and Catherine Row.

Even as Build America Bonds continue to transform municipal finance, one thing stays constant: hedging a portfolio of muni securities remains very difficult.

Why not invest in volatility? It’s not an asset or a sector, obviously, but you can still invest in it thanks to a small handful of ETNs and ETFs.

Schwab’s data also indicates a dramatic decline in the size of deals being done.

The Baltimore-based money manager reported that its profits increased to $158.5 million, or 59 cents per share, and net revenue rose 30.6% to $577.4 million.

Even as Build America Bonds continue to transform municipal finance, one thing stays constant: hedging a portfolio of muni securities remains very difficult.

NEWARK, N.J.--American corporations and households are tidying up their debt to get their financial house in order.