Portfolio

Fueled by a 26% increase in assets under management to $154.9 billion, Eaton Vance announced that its fiscal fourth quarter profits rose 39% to $48.4 million, or 39 cents a share, up from $34.9 million, or 28 cents a share, from a year ago. Revenue increased 2% to $254 million, beating analyst forecasts of $250 million.

Attracted by exchange-traded funds’ transparency, liquidity and low fees, more institutional investors turned to these instruments during the crisis, Barclays Global Investors said in a report based on Thomson Reuters data.

Three Join Wilmington's Wealth Advisory Business

47% of Asset Managers Expect to Expand Product Management Staff

Mutual funds and large institutional investors are being spared from a new Securities and Exchange Commission proposal to reign in the growing use of dark pools to hide trading information, since only trades smaller than $200,000 would be exposed.

Invesco and Eaton Vance last week launched an exchange-traded fund and an actively managed bond fund, respectively, designed to track the performance of taxable Build America Bonds-a potentially transformative product that has helped galvanize public finance in 2009.

The U.S. economy is well on its way to recovery, according to most mutual fund CIOs, and just about all the economic charts show key growth criteria improving, barring an unexpected jolt.

With income limits and filing status restrictions being removed on Roth IRAs as of Jan. 1, Fidelity Investments has created an online Roth IRA conversion calculator available to its independent registered investment advisor clients and broker/dealer clients of National Financial, Fidelity’s correspondent clearing business. Using this calculator, advisers can walk their clients through a series of questions to help them determine whether a Roth IRA might be appropriate.

On Wall Street magazine's annual listing the Top 40 Advisors Under 40

Barclays has launched the iShares S&P India Nifty 50 Index Fund, which tracks the S&P CNX Nifty Index of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India.