Portfolio

More federal money in the system will create some winners (not to mention jobs).

More federal money in the system will create some winners (not to mention jobs).

The Municipal Securities Rulemaking Board has issued draft guidance warning broker’s brokers of their obligations under its rules following recent enforcement actions by the Securities Exchange Commission and the Financial Industry Regulatory Authority alleging rule violations.

The biggest winners of the week were taxable non-government funds, reaping $9.91 billion.

Assets of money market funds increased by $10.55 billion in the week ended Wednesday, Sept. 8, bringing total assets to $2.839 trillion, the Investment Company Institute said Thursday.

State Street Corp., known for its passive asset management, may soon expand its small active management business.

Hedge fund performance declined last month, but continued to outperform broader stock markets.

While it’s not back on its feet yet, the U.S. economy is proving more resilient than many naysayers predicted, according to September’s Monthly Outlook from Wells Fargo’s economics group.

Recommended portfolio is overweight in equities, high-yield credit and long-dated government bonds.

Vanguard has launched eight index mutual funds and nine exchange-traded funds based on Standard & Poor's domestic stock benchmarks.