Portfolio

Investors added $27.7 billion to long-term open-end funds in October, according to data from Morningstar. Taxable-bond funds led the way with inflows of $29.6 billion, while U.S.-stock funds saw outflows of $8.3 billion.

Is Vanguard engaged in a fee war in the mutual fund space? Not according to Vanguard Chairman Bill McNabb.

Charles Fernandez, former president of Florida-based Fairholme Capital Management, has launched the Barnstar Opportunities Fund, a multi-disciplinary, special situations long-bias fund.

Russell Investments is broadening its portfolio and skill sets with the launch of its first internally managed, non-cash retail fund, dubbed the Russell Strategic Call Overwriting Fund.

Charles Schwab's Advisor Services group is planning to launch an internship program next year to help registered investment advisory firms develop and find new talent.

Investors yanked a record volume of cash from BlackRock Inc.’s exchange-traded fund that buys junk bonds as the notes lose value for the first month since May.

Despite the volatility of the last few years and the continued economic malaise in much of the developed world, global stocks are still attractive, according to executives at Morgan Stanley.

U.S. Treasury Secretary Timothy Geithner yesterday urged the Securities and Exchange Commission to pursue new rules for money-market mutual funds, triggering fresh opposition from industry leaders who had beaten back similar proposals and are pursuing a weaker overhaul.

The Investment Company Institute and the chairman of the ICI Money Market Working Group, William McNabb, who is also the chief executive officer of Vanguard, are speaking out against the Financial Stability Oversight Council’s meeting yesterday to discuss money market fund regulation.

Prudential Retirement has strengthened its stable value team with the appointment of Michael Davis as its new head of stable value.