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Developing economies of the world are still showing robust growth, but that may not be enough to lift the sagging economies of the developed world which still account for 60% of combined global economic output, warns Lin Yifu, a World Bank senior vice president and chief economist.

A group of regulators and lobbyists speaking at an industry conference this weekend laid out a possible timetable for the implementation of new Dodd-Frank-related regulations affecting financial planners.

The Investment Company Institute hosted the 2011 Tax and Accounting Conference September 11–14 at the JW Marriott Desert Springs in Palm Desert, California. Here are a few of the many people who made it the place the discuss tax, accounting, and regulatory developments. See the photo gallery here.

Fidelity Investments has added five funds to its Spartan equity index lineup: the Spartan Emerging Markets Index, Spartan Global ex-U.S. Index, Spartan Real Estate, Spartan Mid-Cap and Spartan Small-Cap funds. This brings the total number of funds in this family to 13.

Instinet said it handled 43% more volume in the trading of stocks in the United States in August, compared to July.

When the herd mentality is dominating markets, fund managers beware. That is not the time to actively manage your holdings.

The unstable economic, political and investing climate dominated the sessions at this year's Investment Company Institute Tax and Accounting Conference.

Schroders has hired David Jodka as national sales manager of U.S. intermediary distribution, overseeing a team of 11 sales professionals, seven of whom are external wholesalers. Jodka reports to Carter Sims, head of U.S. intermediary distribution.

Stock exchanges in the United States are open, when those in Asia and Europe are closed.

PALM DESERT, CALIF.-As investors have fled equity funds, the industry's move into alternative investments has become one of the biggest concerns of directors of the board.