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Investors pulled more than $125 billion out of mutual funds that invest long-term in stocks last year, according to the latest data released by the Investment Company Institute. Of that, $5.2 billion got pulled in the week leading up to New Years Eve.
January 4 -
A pair of conflicting domestic economic reports combined with more unsettling news from Europe left stocks largely unchanged Wednesday as the Dow Jones Industrial Average managed to only pick up 21 points to close at 12,418.42.
January 4 -
Long-term mutual funds were hit with $2.62 billion in outflows the week ended Dec. 28, the Investment Company Institute said Wednesday. This was up from outflows of $1.87 billion the week ended Dec. 21.
January 4 -
Morningstar announced its Fund Manager of the Year Awards, with the top honors going to portfolio managers at Fidelity Investments, Artisan and Tweedy, Browne.
January 4 -
Morningstar on Wednesday announced its Fund Manager of the Year Awards, with the top honors for the fixed income category going to portfolio managers at Fidelity Investments, Artisan and Tweedy, Browne.
January 4 -
Did you have the foresight to invest heavily for your clients in Pacific Investment Management Co.’s 25-year zero coupon U.S. Treasury exchange-traded bond fund, one year ago?
January 4 -
The operators of the Chicago Board Options Exchange said its futures exchange achieved record volume in 2011, based on its fear index.
January 4 -
New York Life Retirement Plan Services, a division of New York Life Investments, has launched a new client-satisfaction benchmarking tool for retirement plan advisors.
January 4 -
U.S. Pensions’ funded status dropped 12.7 percentage points over the full year 2011 to 72.4%, thanks to a sharp increase in liabilities that outpaced any rise in plan assets, according to BNY Mellon.
January 4 -
With Ladenburg Thalmann the latest firm to offer subsidized Financial Services Institute memberships to its advisors, FSIs membership ranks have grown to more than 33,000 advisors.
January 4 -
U.S. Pensions funded status dropped 12.7 percentage points over the full year 2011 to 72.4%, thanks to a sharp increase in liabilities that outpaced any rise in plan assets, according to BNY Mellon.
January 4 -
If you had the foresight to invest heavily for your clients in Pimco's 25-year zero coupon U.S. Treasury exchange-traded bond fund last year, they would have realized a 51.9% return on their investment. The fund was the best-performing exchange-traded fund in 2011.
January 4 - PH
A lifelong athlete and a fan of the Minnesota Vikings, David Arndt had become an advisor. His "crazy" plan was to get a job where the Vikings did their banking and it worked.
January 4 -
Our legal expert discusses when you must report a claim against you even if you didn't do anything wrong.
January 4 -
Examining the wisdom of using exchange-traded funds to weather macroeconomic headwinds.
January 4 -
Social media compliance is a subject that elicits a range of reactions from planners, from groans to cautious, curious questions. But Leia Farmer, the deputy chief compliance officer at Securities America, isn't afraid.
January 4 -
Investors who look in the right places can still find companies with accelerating revenues and profits.
January 4 -
The operators of the Chicago Board Options Exchange said its futures exchange achieved record volume in 2011, based on its fear index.
January 4 -
Web Exclusive: The nation’s third-largest RIA now has more than $10 billion in assets under management due in large part to its comprehensive approach to managing and maximizing clients’ investments with the taxman in mind.
January 4 -
Investors wasted no time getting 2012 off to a strong start Tuesday as the Dow Jones Industrial Average stormed up 180 points, or 1.5%, to finish at 12,397.38 with stocks from a variety of industries benefiting from the buying frenzy.
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