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The Dow Jones Industrial Average moved up 58.73 points Wednesday to close at 12,676.05 while the Nasdaq and S&P 500 lost 8.75 points and 0.42 points, respectively.

Trading is down 18.9% from the first half of last year, according to statistics reported by members of the World Federation of Exchanges. Trading in the Americas is down 14.3%.

Three days in August 2007 will live forever in algorithmic investing infamy. Numerous quantitatively driven stock funds leapt en masse off a cliff-just like lemmings.

The Dow Jones Industrial Average lopped off another 104.14 points Tuesday to close at 12,617.32 while the Nasdaq and S&P 500 fell 27.16 points and 12.21 points, respectively.

If municipal bond market observers feel there are other time bombs out there waiting to detonate that resemble the accusations surrounding the manipulation of Libor, they won't be found in variable-rate debt tied to the SIFMA municipal swap index.

Here's what advisors need to know to help their clients build affordable and well-diversified portfolios using unit investment trusts.

The Dow Jones Industrial Average shed another 101.11 points Monday to close at 12,721.46 while the Nasdaq and S&P 500 lost 35.15 points and 12.14 points, respectively.

Artnet Analytics launches online indices by individual artist and category to educate advisors with clients who are collectors

KKR & Co. LP, the private-equity firm run by Henry Kravis and George Roberts, plans to open two debt funds for individual investors, according to government filings.

Target-date fund providers are taking two steps forward and three steps back, according to a new report by BrightScope, dubbed Popping The Hood V, 2012.

Paul Schott Stevens has spet the past two years championing an industry-wide call for the SEC to not fix what isn't broken in a key segment of the industry: the $2.6 trillion money market mutual fund business.

The Dow Jones Industrial Average plunged 120.79 points Friday to close at 12,822.57 while the Nasdaq and S&P 500 lost 40.60 points and 13.85 points, respectively.

Asset managers predict alternative mutual funds to make up 9.7% of mutual fund assets in five years, and rise further to 15.8% of assets in 10 years, according to new research by Cerulli Associates.

Institutional investors took $12 billion out of money market funds in the week that ended Wednesday, the Investment Company Institute reported. Since the end of 2008, assets have been cut by a third, from $3.83 trillion, to $2.54 trillion.

Tax-exempt money market funds lost $2.03 billion -- nearly half of the unusually high bounty they amassed last week – as total net assets dipped to $272.67 billion in the week ended July 16, according to The Money Fund Report, a service of iMoneyNet.com.

The Dow Jones Industrial Average gained another 34.66 points Thursday to finish at 12,943.36 while the Nasdaq and S&P 500 rose 23.30 points and 3.73 points, respectively.

Asset managers predict alternative mutual funds to make up 9.7% of mutual fund assets in five years, and rise further to 15.8% of assets in 10 years, according to new research by Cerulli Associates.

The Dow Jones Industrial Average moved up 103.16 points Wednesday to finish at 12,908.70 while the Nasdaq and S&P 500 tacked on 32.56 points and 9.11 points, respectively.

For the week ended July 11, bond funds took in $6.39 billion, the most of any fund category. Long-term equity funds, meanwhile, lost $1.47 billion in outflows.

A new portfolio management strategy steers away from bonds and seeks to grow capital in non-traditional areas.