Portfolio

Touchstone Investments is closing one fund and transferring its assets into another fund that, essentially, does the same thing.

A former Canadian “mutual fund” salesman has been banned for life from the industry and ordered to pay a fine of $6 million for stealing clients’ assets valued at some $12 million, the Globe and Mail reports.

Barack and Michelle Obama need a better financial strategy. Financial Planning has several suggestions.

The Wilmington Multi-Manager International Fund (GVIEX) has one less sub-advisor as of April 24.

401(k) plan participants paid less in mutual fund fees than the average investor industry last year, according to the Investment Company Institute’s latest report on the retirement space.

Schawb’s CEO Walt Bettinger sent clients a letter apologizing for the inconvenience caused by the company’s website outage Tuesday.

Invesco shareholders have approved the reorganization of three Invesco funds.

In a low-yield environment, payouts of 4% to 6% have many investors thinking about increasing their exposure to real estate.

Pacific Investment Management Co. is becoming less dependent on Bill Gross, preparing for an eventual future without the world’s best-known bond investor and adding pressure on its rising stars to live up to his legacy.

Total estimated inflows to long-term mutual funds were $3.66 billion for the week ended Wednesday, April 17, according to the Investment Company Institute.