Portfolio

Investors pulled $4 billion out of long-term stock funds in November, according to Morningstar. Biggest loser: Muni-bond funds. Biggest winner: money market funds.

A change in the methodology the Federal Reserve uses to measure who owns municipal bonds has masked the growth in foreign ownership of state and local government debt.

Wealth-X ranks the states with the most ultra-wealthy.

The Financial Services Authority is asking fund managers to improve how they monitor risks involved with derivative transactions.

Ninety-six percent of institutional investors overwhelmingly believe Europe will be able to avoid a “full-fledged crisis,” according to the inaugural Barclays Capital Global Macro Survey.

Variable annuities outsell fixed, but overall sales figures are uninspiring.

The outlook of chief executive officers of leading companies improved significantly in the fourth quarter from the previous quarter, according to the Business Roundtable’s 2010 CEO Economic Outlook Survey.

State and local budget challenges will put pressure on municipal credits and will drag overall economic growth next year, according to the Securities Industry and Financial Markets Association’s semiannual economic projections released Monday.

Asset management fees for hedge funds, private equity, infrastructure and real estate have all fallen in both pooled and separately managed accounts, according to the 2010 Asset Manager Fee Survey by Mercer.

The platform, which allows clients to obtain two-way dealable prices and execute trades live or with delta exchange, is a component of BofA Merrill’s overall eFX offering.