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Direxion has launched four new leveraged exchange-traded funds, tied to the DAXglobal Russia Index and the DAXglobal Agribusiness Index. Each of the funds seeks 300% of the daily performance or the daily inverse of those indexes.

Global X Funds has launched the Global X Canada Preferred ETF, an exchange-traded fund that targets Canadian companies that issue preferred stock. The fund tracks the Solactive Canada Preferred Stock Index.

The brokerage industry’s chief regulator said Tuesday that its examiners will spend more time on “open-ended thematic reviews” that can identify where controls on financial risks break down.

Long-term mutual funds had inflows of $7.38 billion in the week ended May 18, the Investment Company Institute said.

Fears that new SEC rules could ding asset managers’ profitability are misguided, according to a new report from investment bank Keefe, Bruyette & Woods.

After navigating their portfolios through some very difficult investment waters in recent years many ultra-high-net-worth investors are now adopting a more laissez-faire approach to their investments, leaving the day-to-day details to their financial advisers.

Leona Helmsley, widely regarded as the “Queen of Mean” before she died at age 87 in 2007, left behind a fortune valued by some to be worth $40 to $80 billion. She earmarked twelve million dollars to take care of her dog, Trouble, until the Judge reduced it to a paltry $2 million.

Fidelity fielded a study that found 75% of the broker-dealer and registered investment advisory firms are planning to hire up to 30% more employees over the next 12 months.

After navigating their portfolios through some very difficult investment waters in recent years many ultra high net worth investors are now adopting a more laissez-faire approach to their investments, leaving the day-to-day details to their financial advisors.

Fears that new SEC rules could ding asset managers’ profitability are misguided, according to a new report from investment bank Keefe, Bruyette & Woods.