Investment products

Executives from BlackRock, Vanguard, JPMorgan Chase, and Invesco met with SEC Chairman Mary Schapiro to talk about money market reforms.

San Francisco-based RS Investments has filed paperwork with the Securities and Exchange Commission to launch the RS Equity Income Fund.

The Dow Jones Industrial Average lost another 74.92 points Friday to close at 12,454.83, closing out the week ahead of the three-day holiday.

Vanguard is closing its High-Yield Corporate Fund to most new accounts, effectively immediately.

The Dow Jones Industrial gained 33.60 points to close at 12,529.75 Thursday as a late buying spree helped the index finish in the black for only the third time in the past 17 trading sessions.

The Dow Jones Industrial Average lopped off another 6.66 points to end at 12.496.15 while the Nasdaq and S&P 500 added 11 points and 2.23 points, respectively.

For the week ended May 16, investors pulled an estimated $3.45 billion from U.S. stock mutual funds. That’s $1.10 billion more than they withdrew from the funds a week earlier.

New findings from Tiburon Strategic Advisors reveal some interesting facts about advisors’ appetite, or lack thereof, for headline grabbing products such as alternatives and exchange-traded funds.

In the first quarter, the money management institute found that advisory solution assets grew to $2.5 trillion, up 9%, or $212 billion, nearly double the increase from the fourth quarter.

The Dow Jones Industrial Average closed basically unchanged Tuesday, losing 1.67 points to finish at 12,502.81 in seesaw trading.

Paul de Sousa, executive vice president for Bullion Management Group, says that while gold continues to be a popular investment for investors looking to protect themselves from inflation, advisors need to make sure their clients are actually getting what they think they’ve paid for.

State Street Global Markets today said that its broker dealer omnibus trading capabilities have been added to its Fund Connect money market fund trading platform.

Morningstar, Inc. recently filed a comment letter with the Securities and Exchange Commission urging the regulator to require target-date series to provide more details on how the investments are managed and structured.

iShares has filed paperwork with the Securities and Exchange Commission to launch the iShares Latin America Bond Fund, which is benchmarked to the Barclays Latin America Bond Index.

The Dow Jones Industrial Average rallied up 135.10 points to close at 12,504.48, its first positive session in more than a week.

Trading opened a half hour late Friday. Orders placed on its IPO Cross system did not get delivered to the market. For about two hours, Nasdaq could not issue quotes on Facebook shares. And, yet, it continued trading in Facebook shares, a possible violation of Regulation National Market System.

Over the past year, nearly 70 mutual funds have snapped up pre-IPO shares of Facebook on private markets ahead of its IPO today, CNNMoney reports.

The Dow Jones Industrial Average shed another 73.11 points to close at 12,369.38 and Facebook’s much-hyped initial public offering failed to prop up the downtrodden tech sector as the Nasdaq dropped 34.90 points to finish at 2,778.79.

Indexed annuities were one bright spot in the market, hitting $8.1 billion in sales, up 14% from the year-ago period.

Cantor Fitzgerald has hired five investment professionals to expand its presence in emerging markets in Latin American, with a particular emphasis on Brazil.