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The Dow Jones Industrial Average moved up 16.42 points to close at 13,194.10 Wednesday. The tech-heavy Nasdaq inched up 0.85 points to 3,040.73 while the S&P 500 lost 1.67 points to end at 1,394.28.
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WisdomTree Investments, Inc. is visiting the NASDAQ MarketSite in Times Square on Thursday with Western Asset Management Company, a subsidiary of Legg Mason, to celebrate the launch of the WisdomTree Emerging Markets Corporate Bond Fund.
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Fixed-income funds see the biggest cash inflow.
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La Jolla, Calif.-based Altegris is looking to beef up its managed futures mutual fund, dubbed the Altegris Managed Futures Strategy Fund, a fund of funds, by adding two more managers to its stable.
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Qualified accounts, such as 401(k)s and IRAs, retained 42.5% of the $37.6 billion that flowed into the accounts for a net asset inflow of $22.4 billion.
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Investment manager Eaton Vance has named Laurie Hylton as chief financial officer and Daniel Cataldo as treasurer. They both replace Robert Whelan, who has left the company.
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Nearly 54% of mutual funds taking part in a Bonaire Software Solutions study on distributor rebate payments said that tracking and reconciliation is their biggest challenge.
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The actively managed fund will hold commodity, natural resources and REIT securities. It will diversify those with about a 10% allocation to gold, and a fixed-income piece.
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Americans feel optimistic about their immediate financial future and accept responsibility for their own financial security, according to a new CFP Board survey.
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Data can be volatile on a month-to-month basis, but the signs are still pointing toward growth.
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