Portfolio

Investors increasingly opt in to automatic investment accounts like target-date funds.

House Ways and Means Committee chairman Sander Levin Wednesday introduced a new bill that enables Congress to make another attempt at extending several bond provisions slated to expire at the end of the year, including Build America Bonds.

State Street Global Markets Wednesday unveiled seven new indexes designed to help institutional investors map out hidden market opportunities.

NEW YORK—State Street Global Markets Wednesday unveiled seven new indexes designed to help institutional investors map out hidden market opportunities.

Buoyed by the strength of the long-term municipal market over the past 18 months, mutual fund assets have climbed to record levels, and portfolio managers have had little need to make major changes to their current investment strategies.

Initially, at least, the firm is staking out a niche in the secondary, rather than primary U.S. market. David Puritz, hired in March as U.S. head of convertible bonds, did just that in his former post at Deutsche Bank.

Buoyed by the strength of the long-term municipal market over the past 18 months, mutual fund assets have climbed to record levels, and portfolio managers have had little need to make major changes to their current investment strategies.

As Federal Express first indicated last November, it announced Monday that it will restore 401(k) matches. But the wait is still a long way off: The matches don’t start until Jan. 1, 2011.

Investors being duped into pouring tens of millions of dollars into fake high-yield opportunities being touted all over the social mediascape.

The Municipal Securities Rulemaking Board is wrestling with how much it needs to increase its staff, technological capability, and funds to implement provisions of the new financial regulatory reform law that require it to make the most expansive changes since its creation in 1975.