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The John Hancock Investor Sentiment Index, based on a survey of 1,005 investors by Matthew Greenwald & Associates, fell to 10 in the third quarter, down from 18 in the second quarter. When John Hancock launched the index in the first quarter of this year, the reading was 22. To participate in the survey, respondents needed household income of at least $75,000 and assets of $100,000.
October 5 -
The Public Company Accounting Oversight Board has issued an alert to make auditors more aware of the risks they face when auditing companies with operations in emerging markets such as China.
October 5 -
Of the many policy issues surrounding the investment advisor sector, few are more charged than the question of where regulatory authority should properly be housed. And those divergent viewpoints were on full display at the annual advocacy summit hosted by the Financial Services Institute.
October 5 -
A doctoral candidate and his advisor from Texas Tech University won the Retirement Income Industry Association's first Thought Leadership Award, the association announced at its fall conference Tuesday.
October 5 -
The TCW Group has launched the MetWest Unconstrained Bond Fund, a mutual fund with the flexibility to invest across a wide array of global fixed-income sectors.
October 5 -
Touchstone Investments and Old Mutual Asset Management have entered into an agreement whereby Touchstone will acquire the U.S. mutual fund business of Old Mutual, bringing Touchstones assets to nearly $10 billion. The deal will also add several new sub-advisors to Touchstones roster of fund managers.
October 5 -
Investors appear to have switched gears from focusing on replenishing their balances from 2008s market downturn to taking all of the responsible steps to prepare for retirement, according to Principal Financial Groups analysis of retirement plan participants behavior in 2010.
October 5 -
One or more Internet users claiming to be the digital activist group known as Anonymous Hackers said overnight that it intends to take down the New York Stock Exchanges public website next week.
October 5 -
The Bank of New York Mellon said late Tuesday that it is a victim of prosecutorial overreach, at least in the case of the $2 billion lawsuit filed against it by New York state attorney general Eric T. Schneiderman.
October 5 -
The Dow Jones Industrial Average rose 153.41 points to 10,808.71. Meanwhile, the Dow Jones U.S. Total Stock Market Index rose 2.69%.
October 4
