Portfolio

Citi and Bank of America Merrill Lynch continue to vie for the top underwriting position in the municipal bond industry, according to mid-year rankings from Thomson Reuters.

Investors pulled cash out of municipal bond mutual funds last week for just the third time in a year and a half, despite a strong week for state and local government debt.

Investment advisers may face tough compliance issues in the wake of the Securities and Exchange Commission's unanimous adoption last week of rules designed to prevent IAs from making political contributions to elected officials to obtain business from state and local pension funds, investment pools and college-savings accounts.

Under the theory that lucrative investment opportunities like alternative energy will be more likely to spring from overseas markets, Fidelity Investments is positioning its 20-year-old environmental energy mutual fund right at the crossroads of those two sectors.

Annuities sales through banks maintained their modest recovery pace in April after hitting record lows at the beginning of the year.

As the rich get richer across the globe, high net worth clients in North America have tightened their grip on their wallets.

Just as the alternative energy industry will most likely provide lucrative investment opportunities, so will the overseas markets in the coming years, which is why Fidelity Investments is positioning its 20-year-old environmental energy mutual fund right at the crossroads of those two businesses.

Fear is the new name of the investing game. It's what drove investors to take $527 billion off the table in May, and it's what continues to rattle the market, with the Dow's 268-point drop on Tuesday and second 115-point decline at deadline two perfect examples.

Citi and Bank of America Merrill Lynch continued to vie for the top underwriting position in the municipal bond industry, according to mid-year rankings from Thomson Reuters.

NYSE Technologies and Markit Group said Thursday they will consolidate their pools of data on trading in over-the-counter stocks in Europe.