Investment products

Outside of currency and fixed-income plays, active exchange-traded funds are struggling to gather meaningful assets.

A group of investors on Wednesday sued the accounting giant Ernst & Young for allegedly misrepresenting the financial status of the defunct hedge fund Parkcentral Global after they lost a total of $17 million in the fund.

In a letter to the SEC, investment management firm says it does support enhanced disclosure.

Providers are ramping up products to tap into investors’ lust both for global diversification and fixed income. Are you ready?

Long-short investing lost a lot less money than equity investments, Credit Suisse says. But is it right for your clients?

The Boston company said Tuesday it is introducing new Retirement Choices target-date portfolios, which are designed to take participants “to” retirement and accommodate the participant who wishes to select another investment strategy at the time of retirement.

Hedge funds finally make it back into the black, returning 0.35% year to date in July, Morningstar says.

The Toronot company launched a fund that can invest in junk bonds.

Ameriprise eliminates redundancies in mutual fund coverage following its acquisition of Columbia and subsequent merger with it RiverSource investment unit.

Sector has seen net capital withdrawals in seven of the last eight quarters.

When asked whether municipal bonds can continue their record-setting ways, one of the most common refrains from market participants is: "why not?"

The Investment Company Institute reported Wednesday that $5.96 billion were added to mutual funds in the week ended August 11. But U.S. equity funds continued to lose ground for a fifth straight week.

On Tuesday Northern Trust's asset management arm, Northern Trust Global Investments, launched a Frontier Markets index fund for institutional investors with exposure to under-represented regions such as Eastern Europe, Africa and the Middle East, as well as a Asia and the Americas.

While broker-dealers want to manage client assets at the home-office level, advisors want more control of clients’ asset allocation.

Ameriprise Financial Inc. plans to reduced the lineup of mutual funds run by Columbia Management, but step up marketing and add jobs, according to a report in the Boston Globe.

The new vehicle comes less than three years after the close of its predecessor, which is already showing a 13% IRR.

The St. Louis brokerage firm added 12 model portfolios to its mutual fund and exchange-traded fund advisory program, Edward Jones Advisory Solution.

Fund flows in July offered mixed messages regarding investors’ appetite toward risk.

Computer-coding error in quant strategy appears to be cause for the firing.

The new product will focus on credit opportunities in emerging markets.