Portfolio

Direxion Funds, based in Boston, is known for creating innovative tactical exchange-traded funds, particularly leveraged index funds.

Fidelity Investments has rolled out a smartphone application for NetBenefits 401(k) plan participants.

Barry Evans has been named president of John Hancock Asset Management North America.

Credit Suisse has filed with the SEC to launch the Gold and Income Strategy Fund, which will be available in Institutional shares

China’s first cross-border exchange-traded fund, based on the NASDAQ-100 Index, has begun trading on the Shanghai Stock Exchange.

New rules being considered for U.S. money-market mutual funds will make them safer for investors while forcing some smaller providers out of the business, Moody’s Investors Service analysts said this week in a research report.

To bring alternative investments to a wider investor base, Goldman Sachs Asset Management has launched the Goldman Sachs Multi-Manager Alternatives Funds.

Neuberger Berman has filed with the SEC to offer an Emerging Markets Income Fund.

While April inflows for long-term mutual funds stood at a healthy $37.8 billion, they continued to moderate from levels seen earlier this year, according to Morningstar.

Tax-exempt money market funds had a hard time holding onto what little inflows they regained last week as $1.72 billion exited the industry and total net assets settled at $258.36 billion in the week ended May 13, according to The Money Fund Report, a service of iMoneyNet.com.