Portfolio

"Emerging markets are just a niche asset class" persistently remains as one of the five biggest myths about investing in emerging markets, said John Flint, chief executive officer of HSBC Global Asset Management.

Direct Edge plans to launch an all-electronic platform for the trading of Brazilian equities. The exchange will be headquartered in Rio de Janeiro and launch, if all goes according to plan, by the end of 2012.

A majority of finance professionals are cautiously optimistic about growth in 2012, a survey by Accounting Principals, a finance and accounting staffing company, found.

The Conference Board Leading Economic Index for the U.S. increased sharply in October, by 0.9%, to 117.4 (2004 = 100). This follows a 0.1% increase in September and a 0.3% increase in August.

Jon B. Lovelace of The Capital Group died Wednesday at age 84. In 1951, Lovelace joined Capital Group, which his father, Jonathan Bell Lovelace, founded. His legacy was turning Capital Group into a pioneer in international and emerging market investing, a team approach to fund management and long-term investing.

And you thought the U.S. stocks were out of favor. Then came October. While $20.4 billion got pulled out of mutual funds that invest long-term in U.S. stocks, money was flooding into exchange-traded funds that invested in U.S. stocks.

Jon B. Lovelace of The Capital Group passed away Wednesday at age 84. In 1951, Lovelace joined Capital Group, which his father, Jonathan Bell Lovelace, founded.

NYSE Euronext and Deutsche Boerse said they would shed overlapping European derivatives businesses and open up clearing services to derivatives rivals, in a bid to win European regulators’ approval of their $10.1 billion merger.

The International Securities Exchange said Thursday that it intended to provide venture capital to the exchange-traded product industry.

The operator of an all-electronic options exchange and licenser of financial indexes said it was beginning to fund the creation of exchange-traded funds by other parties.