Portfolio

With mutual fund investors burned by negative returns of 30% to 50% over the past year, they are unlikely to remain confident about their investments, Celent predicts. As a result, the universe of 7,000 funds could shrink by as much as 70% over the next five years, leaving only 2,000 funds in existence.

74% of Employers Still Honoring 401(k) Match

Barclays Shopping iShares Unit

New Fidelity Ads Tell Investors to 'Turn Here'

Memani Leads Fixed Income at Oppenheimer

After graduating from Boston College in 1971, John V. Murphy began his career at Arthur Andersen & Co.

It's counterintuitive-wealth managers are ratcheting up the price and providing lower returns on variable annuities. Some providers have doubled prices in the past six months, and more changes are expected.

Mutual funds have been able to thrive for the past 85 years thanks to their ability to adapt to changing markets and help investors stay diversified during good times and bad.

Investors seeking safety and stability have recently been moving massive amounts of their assets into money market mutual funds, causing the funds to swell to nearly $4 trillion and making them the single largest mutual fund asset class, according to the Investment Company Institute.

State Street Corp. has introduced a new automated service to help fund companies lower their operating costs. Linked to the firm’s global accounting and fund administration systems, it automates manual or partially automated accounting processes in the back office.