Portfolio

The U.S. House of Representatives has reintroduced a 401(k) fee disclosure bill, the fifth such bill to be considered by Congress.

ALPS Fund Services is planning to offer five commodity equity exchange-traded funds. They are: Agricultural Producers ETF, Energy Producers ETF, Industrial Metals Products ETF, Precious Metals Products ETF and Commodity Producers Composite ETF.

Although there have been reports of about one-third of employers cutting back on or eliminating 401(k) matches, for the most part, they have continued to add other features to the plans to increase participation and investment rates, Charles Schwab found. And that has helped most workers stay the retirement savings course.

Mutual fund managers are moving back into the stock market, finally putting cash they have been holding onto for more than a year back to work, MarketWatch reports.

Even though their financial health may have been seriously impaired by the economic downturn, most couples are not in agreement when it comes to their retirement plans, Fidelity found in a survey of 502 married couples between the ages of 45 and 72. To qualify, they had to have household income of at least $75,000 and investable assets of $100,000 or more.

Affluent investors' confidence increased in May for the third consecutive month, according to a survey by Spectrem Group.

BlackRock is reportedly the lead bidder for Barclays’ fund unit, and could pay more than $12 billion for the company, which has $1.5 trillion under management. BlackRock manages $2.81 trillion.

Grail Advisors is planning to offer four actively managed exchange-traded funds that will the first to use a single-manager approach.

IndexIQ has introduced an exchange-traded fund that will seek to replicate global macro and emerging markets hedge fund strategies.

The White House’s earlier plan to merge many of the regulators overseeing the financial services industry is likely to be scrapped, The Wall Street Journal reports.