Portfolio

Bank of America’s Global Wealth and Investment Management business saw its 2011 fourth quarter net income decline 22% compared to the fourth quarter of 2010 as lower transactional activity offset higher net interest income and asset management fees.

New York-based RIA firm HS Management Partners has hired Robert Gebhart as its new senior vice president and senior investment officer.

HSBC Global Asset Management has hired Damion J. Hendrickson as a senior vice president and head of RIA sales.

Exchange-traded funds are like stocks. Except they're not. They’re sort of like mutual funds, but not really. Here’s a glossary of ETF terms to help clear things up.

Exchange-traded funds are like stocks. And mutual funds. Except they're not. Here's a glossary on how ETFs really operate.

The SEC has joined the U.S. Department of Justice in approving the merger of NYSE Euronext with Deutsche Boerse. Now the only remaining hurdle is obtaining approval from competition commissioners of the European Commission.

Investors steered $1.43 billion into stock mutual funds during the week ended Wednesday, Jan. 11, breaking a near nine-month spell of investor redemptions that totaled more than $172 billion, according to the latest statistics from the Investment Company Institute.

Investors opened their wallets Wednesday following an upbeat report from home builders and word that Greece is nearing a deal with its private creditors that would bring some much-needed stability to the region.

Investors steered $1.43 billion into stock mutual funds during the week ended Wednesday, Jan. 11, breaking a near nine-month spell of investor redemptions that totaled more than $172 billion, according to the latest statistics from the Investment Company Institute.

There’s logic in thinking that trading in funds that promise double or triple the movement of the market will exacerbate the swings that occur. But it would invert reality.