Portfolio

James Boyle, president of John Hancock Financial Services, announced that Brian Heapps, CLU, ChFC, was named president of John Hancock Financial Network (JHFN).

AdvisorShares Investments announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading tomorrow, January 26. ACCU is managed by Accuvest Global Advisors, an investment adviser that manages over $300 million in global portfolio assets.

Guggenheim Investments announced a new open-end mutual fund offering: Guggenheim Municipal Income Fund. The fund is the latest addition to its recently expanded suite of fixed-income mutual funds..

Known as the Citi RAFI Bond Index Series, the series will include sovereign and corporate bond indices and use fundamental measures to weight the index components.

Aston Asset Management said that its mutual fund assets under management exceeded $10 billion, as of the close of business on January 19. Aston surpassed the $10 billion mark shortly after celebrating its five-year anniversary.

Investors may be wondering where municipal bond yields are headed after they reached 45-year lows last week.

State Street Corporation said its exchange-traded fund service, Total ETF, will use cloud-based technology to fully automate the development and management of a fund from basket creation through to trade processing and settlement.

Investors pulled $4 billion out of exchange-traded funds that invested in emerging markets last year, making them the least-popular form of ETFs in 2011.

Investors pulled $4 billion out of exchange-traded funds that invested in emerging markets last year, making them the least popular form of ETFs in 2011.

The Dow Jones Industrial Average shed 33.07 points to close at 12,675.75 Tuesday while the S&P 500 trimmed 1.37 points to finish at 1,314.63.