Portfolio

Exchange-traded funds continued to grow in popularity, despite last year's poor market performance, as investors continue to look for ways to cut management fees.

CVC Capital Partners of Britain is in exclusive talks with Barclays to purchase its iShares exchange-traded fund unit for more than $4 billion.

Young adults between the ages of 23 and 28 are more worried about being “financially fit” than “physically fit,” Charles Schwab found in a survey of 1,252 people conducted in January.

More than 100 funds that had closed to new investors have reopened since the beginning of 2007, but advisers warn that investors shouldn’t be so quick to jump in, The Wall Street Journal reports.

Putnam Investments has hired Benjamin H. Lewis as managing director of defined contribution sales and relationship management. A 23-year veteran of the 401(k) industry who began his career at Fidelity in 1986, Lewis most recently was senior vice president for Fidelity Employer Services Co.

Sullivan Named Head Of Fidelity Bond Group

PALM DESERT, Calif. - Andrew Donohue, director of the Securities and Exchange Commission's Division of Investment Management, said Monday that he doesn't think the SEC will push for changes to rule 12b-1 govering mutual fund fees this year.

Seeing how it is going to be a very long time before mutual fund advertisements can tout three-, five- and you can just forget about one-year performance, we will be seeing more guarded, sober sales and marketing campaigns from investment managers for some time to come.

PIMCO, BlackRock Among First Fund Firms to Apply for Toxic Asset Program

A last-minute Bush administration regulation that would permit advice in 401(k) plans was called into question Tuesday by a number of consumer advocates and other experts who testified before the House Committee on Education and the Workforce.