Portfolio

More than $1.2 trillion has been redeemed from equity mutual funds since September 2008, and retail outflows year-to-date through September have surpassed $89 billion—on pace to be greater than all of the money that fled mutual funds in 2008, said Ron O’Hanley, president of asset management and corporate services at Fidelity Investments.

"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.

The Dow Jones Industrial Average plunged 389.24 points to 11780.94 as investors grew concerned about the Euro zone. Stocks had the largest points and percentage drop in seven weeks.

BOSTON—“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.

In this low interest rate environment, some financial planners are advising their clients to cut the middleman out entirely with intra-family loans.

A pan-African commodity and derivatives exchange said it will open in the middle of next year.

Morgan Stanley Smith Barney has three words for asset managers specializing in registered alternative investment products: Bring it on.

"Investors are running scared, from fear to fear,” said Brad Durham, managing director of EPFR, a global fund tracking firm, during an address at the Fund Forum USA’s Global Fund Distribution Summit.

BOSTON—Morgan Stanley Smith Barney has three words for asset managers specializing in registered alternative investment products: Bring it on.

NEW YORK-- Stifel Financial Corp. Chairman, President and Chief Executive Ronald Kruszewski urged pessimistic members of the financial services industry to go back and read a 1979 BusinessWeek article titled “Death of Equities."