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NEW YORK—Growth in emerging markets has the potential to outpace the U.S. Baby Boomer explosion by 25 times, and as consumption and infrastructure in these nations builds, specialized emerging market exchange-traded funds will become increasingly viable, said Robert Lutts, president and chief investment officer of Cabot Money Management.

Market-linked CDs’ winning features are pushing indexed annuities off banks’ product shelves.

Despite a perceived improvement in banks’ stability, small-business owners rate them even lower than last year.

Annuity information company is a unit of Advanced Sales and Marketing.

The Hartford’s Canadian fund business is comprised of 18 mutual funds. The deal is expected to close in December.

Outflows among tax-exempt money market funds rose to $2.31 billion in the week ending Oct. 18, causing total net assets to recede to $327.99 billion, according to the Money Fund Report, a service of iMoneyNet.com.

Institutional investment managers may soon have to report to the Securities and Exchange Commission on what say they have on executive pay at the firms they invest in.

The group is "part of a strategic build out" at the asset management firm.

The Cincinnati company, which has been squeezing better recovery values than expected from a wide array of bad credits, surprised analysts Thursday by announcing it had sold $228 million of residential mortgage loans and made $961 million of commercial loans available for sale late in the third quarter.

Unlike other House Republicans, Rep. Ed Royce is not looking to repeal outright the Dodd-Frank reg reform law, but the California lawmaker is likely to try and clip its wings.

Executives at several regional banks said this week that they have done what they could to resolve credit losses and now must wait on the economy before making more progress.

Expert investors and analysts have been saying it for years: economies in the emerging markets have become so sophisticated that the so-called frontier markets are becoming the place to find richer yields.

CI Financial has entered into an agreement to acquire The Hartford’s Canadian mutual fund business, Hartford Investments Canada Corp., which has C$1.75 billion in assets under management. Terms of the deal were not disclosed.

Morningstar has entered into a definite agreement to acquire the annuity intelligence business of Advanced Sales and Marketing for $14.1 million.

For anyone born today, the cost of four years at a private college will be about $440,000 by the time they arrive at those hallowed halls.

The newly appointed president and chief executive officer at Jackson National Life Insurance Co., knows what it is like to be a financial advisor dealing with variable annuities.

Janus’ third-quarter net income rose 296% to $32.5 million, or 18 cents per diluted share, up from $8.2 million, or 5 cents per diluted share, in the third quarter of 2009.

While advisors are clamoring for access to web-based prospecting, most broker-dealers are paralyzed over fears of a social-media snafu.

The fund will hold fixed weights of gold, silver, platinum and palladium.

Profits are 17% below $187.9 million in the third quarter.