Portfolio

Columbia Management is planning to further expand into the actively managed ETF space with 17 new ETFs.

Russell Investments is planning to close its family of 25 passively managed ETFs. The firm will continue to operate the Russell Equity ETF.

The tax-exempt market ended on a steady tone Monday as market participant waited for primary issuance to provide direction.

The Dow Jones Industrial Average shaved off 3.56 points Monday to close at 13,271.64 while the Nasdaq and S&P 500 trimmed 0.38 points and 0.03 points, respectively.

Russell Investments is planning to close its family of 25 passively managed ETFs. Russell will continue to operate the Russell Equity ETF.

Annuity sales in the second quarter of 2012 totaled $57 billion, down 8% from the year-ago quarter, according to LIMRA.

Nasdaq OMX Group said it plans to launch 150,000 indexes by the end of next year. The firm will raise redefine 'real-time" to feature tick by tick updating of index values

Incapital, an underwriter of fixed income securities and financial products, has launched Incapital Canada.

Year-to-date, total annuity sales declined eight percent compared to the first half of 2011, reaching $57.0 billion, according to LIMRA.

UBS AG is starting a unit aimed at quantitative hedge funds that combines prime brokerage and services from its direct execution trading business.