Money Management Executive Latest News

The downgrade of U.S. debt may have led to more market volatility than the Flash Crash.

The Conference Board Leading Economic Index for the U.S. increased 0.5% in July to 115.80 ( 2004 = 100 ), marking the third month in a row that the index has risen. June saw a 0.3% gain, and May say a 0.7% increase.

Van Eck Global has introduced the Market Vectors Mortgage REIT Income ETF (ticker: MORT).

In its attempt to deliver additional quality buy-and-hold alternative investments to investors, Direxion has hired Edward Egilinsky as managing director, head of alternative investments.

In light of the recent market volatility, a new report from Fidelity Investments analyzing the performance of 401(k) balances between Oct. 1, 2008 and June 30, 2011 is quite telling—giving a testimonial to the value of sticking with the stock market even amid the worst declines.

Tom Steinert-Threkeld

With the market and economy turbulent, fund managers are steering away from equities and toward the safe haven of cash.

Fidelity Clearing Canada has enhanced its Streetscape workstation with additional market research news and information as well as syndication data on new issue distribution and reporting.

As news of economic uncertainty, rising food and gas prices, market volatility, unemployment and government budget debates continue to abound, consumers are focused more than ever on reducing their debt and saving more, according to the Consumer Financial Monitor, released by the Corporate Executive Board.

Ladenburg Thalmann Financial Services will acquire Securities America, the embattled, independent broker-dealer subsidiary of Ameriprise, for an initial payment of $150 million in cash, according to a company statement released Wednesday morning.