Portfolio

ING U.S., the holding company for ING U.S.'s core Retirement, Investment Management and Insurance businesses, has expanded the roles and responsibilities for some members of its executive team.

When 2008 began, a record $12.0 trillion was held in mutual funds by individuals and institutions. Then came the credit crisis, which erupted exactly four years ago. By the end of 2008, holdings in mutual funds were down to $9.6 trillion, a drop of 20.0%.

The threat that federal subsidy payments for Build America Bonds could be slashed under the sequestration process after administration officials assured issuers those payments were safe could permanently sour the muni market on BABs and other direct pay bonds, market participants said Monday.

When 2008 began, a record $12.0 trillion was held in mutual funds by individuals and institutions.

The Board of Directors of the Valley Forge Fund last month terminated the fund’s investment advisory agreement with Valley Forge Management Corporation, effective as of October 31.

Even as increased liquidity in Europe and the United States has boosted investors' outlook, sending stocks to four-year highs, the U.S. dollar has suffered. All the sectors of the S&P 500 have become much more sensitive to fluctuations in the value of the dollar over the last three years, but by looking at correlations, investors can see which sectors are most likely to benefit, according to Sam Stovall, chief equity strategist at S&P Capital IQ.

ING U.S., the holding company for ING U.S.'s core Retirement, Investment Management and Insurance businesses, has expanded the roles and responsibilities for some members of its executive team.

Investors poured $26.4 billion into taxable-bond funds and another $5.6 billion into municipal-bond funds last month, according to data from Morningstar.

Pyxis Capital has hired Stephen Dedyo as Head of National Accounts.

Though it is shying away from official confirmation, Fidelity Investments seems to be not-so-secretly building its long-awaited foray into the exchange-traded fund market out West, after hiring a new ETF gunslinger and creating a new division in Denver, Colo.