Portfolio

For anyone still not convinced that Build America Bonds are transforming state and local government finance, behold a municipal bond mutual fund that has filed a prospectus in French.

Robust deal activity seen in the sector

Fidelity Investments has introduced a brokerage trading application complete with real-time news and quotes, interactive charting and watch lists for the iPhone and iPod Touch. The program lets users trade stocks, options, exchange-traded funds and mutual funds.

TD Ameritrade has reorganized its 13,000 mutual fund offerings into four different investment objective categories and turned to independent mutual fund research company Morningstar to rate the “Premier List” of funds.

Some advisors say selling the firm should not always be the main objective.

As more affluent individuals lose faith in their advisors opportunities arise for strong wealth managers to scoop up new clients.

Last year alone, the company was hit with $25.5 billion in redemptions, and in the previous year, $16 billion.

Market Groups to Press Dodd Panel

John Hancock Funds has launched the John Hancock Strategic Income Opportunities Fund, an unconstrained version of the John Hancock Strategic Income Fund.

Investors in the mutual funds of Capital Research & Management appear to have taken notice of the funds being beaten by more than half of their peers in 2008 and 2009, as redemptions are coming in at the fastest pace the company has seen in its 79-year history. Last year alone, the company was hit with $25.5 billion in redemptions, and in the previous year, $16 billion.