Money Management Executive Latest News

Grail Advisors, an exchange-traded fund provider based in San Francisco, has a new actively managed fixed-income ETF, the third it unveiled in a week.

The pace at which the Internet continues to affect communications is nothing short of dramatic. Nearly every type of information is now instantaneously accessible, downloadable and hyperlinked. As we adapt to absorbing ever greater volumes of information, and to the rapid rate at which it comes at us, our preferences as consumers of information are changing.

Edward Bernard to Chair ICI's Board of Governors

Workers who had already been investing in their 401(k) for at least five years through 2008 saw their balances drop an average of 24% last year, compared with the S&P 500's sharp 37% decline, the Investment Company Institute and the Employee Benefit Research Institute said.

Crisis Has Not Prompted Mutual Funds, Other Institutional Investors to Change Portfolios

BOSTON - As tax experts at mutual fund companies hurry to prepare their fund accounting systems before newly mandated changes to federal cost-basis reporting rules take effect, they are finding they could use a little help and guidance from the government.

In 2007, Philip Moses, a Raymond James adviser at First Federal Bank of Florida in Lake City, had a local physician as a client who wanted to diversify his $1.5 million portfolio.

As exchange-traded funds continue to grow in scope and popularity, investment experts warn that some products, such as leveraged and inverse ETFs, may be too dangerous for all but the most experienced hands.

Despite the steep losses that hedge funds suffered in 2008 despite their supposed absolute returns, many wealthy investors continue to invest in them, but with strings attached, executives said at the Reuters Global Wealth Management Summit in Boston this week.

Confidence among millionaires and affluent investors rose in September, according to Spectrem Group.