News Feed

It's not every day that you see a shot in the seeming dark come to be, in a matter of weeks.

Sal Gilbertie, former head of the OTC Energy and Renewables Desk at Newedge USA, is the co-founder of Albuquerque, N.M.-based Teucrium, exchange-traded fund shop that specializes in futures trading of agricultural commodities.

Chicken Little was wrong about municipal bonds and the funds that invest in them.

Here is what investors get told, before investing in one set of exchange-traded notes:

After taking public comment, CFP Board announced new changes to its rules and procedures in three areas, including the way it handles bankruptcies among certificants and applicants.

Now, Prima Capital’s due diligence and other research services will reach RIAs and financial planners via the Envestnet wealth management platform.

Norwood, Mass.-based W.E.Donoghue & Co., Inc. has struck up a distribution deal with Mutual of Omaha’s Retirement Plans Division to distribute its Power Income Fund to retirement plan participants.

Federated Investors, Inc. is acquiring $5 billion of money market assets from four Fifth Third money market funds and merging them into four existing Federated money market funds.

“I am very excited about this transaction. In addition to increasing our assets under management, it gives us some new and interesting fund offerings, and access to a premier distribution system,” says Steven M. Graziano, president of Touchstone.

Just five months after agreeing to buy Old Mutual Asset Management’s funds from the firm’s U.S. mutual fund business, Cincinnati, Ohio-based Touchstone Advisors today revealed that it is acquiring the assets of 16 mutual funds from Fifth Third Bancorp.