Portfolio

The T. Rowe Price New Era Fund is getting a new manager. Timothy Parker, the fund’s current manager will leave to pursue other opportunities, the firm’s spokeswoman told Money Management Executive.

For years, Lincoln Financial has effectively been raising prices on its variable annuities, yet consumers keep buying. The company’s VA business exceeds desired levels now, so further price increases have been announced: cutbacks in benefits offered to consumers. The expected result is a boost in second-quarter business but a slowdown in the second half of 2013.

Before you begin reaching out to a potential client, know the rules of their home country.

The financial services industry needs a major makeover, Sallie Krawcheck said at an industry conference Friday.

While ETFs open the door to the entire foreign stock universe, they can also substantially alter sector weightings.

While many Americans are comfortable investing in foreign multinational companies whose brands are household names in the U.S., the prospect of owning smaller overseas equities can be intimidating.

Two former chairs of the Senate Budget Committee – one Republican, one Democrat – said the nation can come up with a debt deal and that would lead to explosive growth in the nation’s economy. And possibly the world’s.

Chairman Mary Jo White told the general membership meeting of the ICI that the SEC will “propose meaningful money market reform.’’ And that developing its next round of reform measures will be made with international regulation in mind.

Columbia plans to offer the Columbia International Value Fund, which will invest at least 80% of its total asset in equity securities of foreign companies that have market capitalizations of more than $1 billion at the time of purchase, according to the registration filing.

American Century is rebranding its target-date funds, dropping the LIVESTRONG name, which is associated with Lance Armstrong, and branding the funds as One Choice Portfolios.