Portfolio

On June 5, 2012, Global X Funds, the New York based provider of exchange traded funds, launched a fund that gives investors exposure to the largest hedge fund managers.

Ultra-high-net-worth investors have decreased their allocation to hedge funds in the past year and instead favor real estate and commodities, according to the Institute for Private Investors annual Family Performance Tracking Survey.

On June 5, 2012, Prudential Investments launched the Prudential Jennison International Opportunities Fund (PWJAX), which bets on international equities.

Are your clients prodding you for hedge funds and other alternative investments to diversify their portfolios and boost paltry returns on equities and bonds? They might want to think again.

Marie Chandoha, president of Charles Schwab Investment Management, told the SEC that a new study on money-market funds was “troubling” because it wrongly concludes that the funds are dangerously susceptible to runs and presumes more regulation is needed.

The tax-exempt bond market started the week off on a slow note as traders waited to take direction from what is expected to be one of the larger weeks of new issuance in the muni market.

Institutional investors are increasingly turning to exchange-traded funds for their investment needs, according to a Greenwich Associates study.

On June 5, 2012, Bob Doll, BlackRock’s chief equity strategist, decided to retire from the firm.

Legacy expert attorneys Danielle and Andy Mayoras say that the inventors of Gore-Tex, the breathable, waterproof fabric used by many outdoorsmen, illustrate why advanced estate planning is critical.

The Dow Jones Industrial Average trimmed 17.11 points to finish at 12,101.46 Monday while the Nasdaq and S&P 500 inched up 12.53 points and 0.14 points, respectively.