Portfolio

Janus said fourth-quarter profit declined 13% as clients pulled out money for the 14th consecutive quarter.

President Barack Obama will nominate former US attorney Mary Jo White to lead the Securities and Exchange Commission, replacing incumbent Chairman Elisse Walter, the New York Post reports.

For alternative mutual funds, 2012 was a mixed bag.

Institutional investors are currently showing more interest in environmental, social, and governance investing, according to new research from Cerulli.

Assets in ETFs and other indexed products will reach $10.4 trillion by 2017, up more than 100% since 2011, a new report from Tiburon Strategic Advisors predicts.

Long-term mutual funds posted inflows of $22.04 billion for the week ended Wednesday, January 16, according to the Investment Company Institute.

JPMorgan's new callable commercial product is gaining momentum in the municipal market, receiving high demand from investors and catching on with others in the industry.

For the week ended Jan. 16, equity mutual funds attracted an estimated $9.32 billion in inflows, down from the previous week’s huge $14.33 billion inflow but nearly three times greater than last year’s record $3.52 billion inflow in early February.

Jacques Longerstaey has joined F-Squared Investments as a senior vice president of investments.

Pioneer Investments is reshuffling its fund lineup including reorganizing four domestic equity funds and liquidating another.