Portfolio

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.

PALM DESERT, Calif. - The United States is determined to show the world it is leading global economic recovery efforts, even if that means creating what some in the industry view as risky new risk regulators.

PALM DESERT, Calif. - Having exhausted their multimillion-dollar, class-action claims against big tobacco companies, the nation's top trial lawyers are now turning their attention to the mutual fund industry.

Envestnet and Nationwide are partnering to offer financial advisers an array of retirement income products, namely annuities.

Because of the havoc that 2008 wreaked on so many investors’ portfolios, 46% of the 468 diversified U.S. equity funds that have had the same manager for the past decade, have negative returns for the 10 years ended Feb. 28, The Wall Street Journal reports. By comparison, the S&P 500 fell 3.4% on average over the past 10 years.

Conservative offerings and more focused customer attention will be the tenants of the fund industry going forward, according to speakers at the recent “Future of Fund Management” conference in London.

Bank of America is merging its premier banking into Merrill Lynch Global Wealth Management, and as a result, several hundred people will lose their jobs.