Investments

Perhaps Matthew Lemieux, research analyst at Lipper, sums up best the damage Superstorm Sandy has wrought on the mutual fund and ETF space.

The fate of the municipal tax exemption is a major concern as the election approaches.

After 28 straight weeks of inflows to muni bond funds, the market saw outflow for the week ended Oct. 31. Funds that report their flows weekly recorded outflows of $123 million for the week ended Oct. 31, Lipper FMI numbers show.

Charles Schwab has launched the Schwab Advisor Center app for the iPad available for download. Advisors will now be able to access key client data such as balances, positions, and transactions from their iPads.

Perhaps Matthew Lemieux, research analyst at Lipper, sums up best the damage Superstorm Sandy has wrought on the mutual fund and ETF space.

ProShares is readying a merger arbitrage exchange-traded fund to launch sometime in January, according to a Securities and Exchange Commission filing.

Franklin Templeton Investments' parent Franklin Resources has effectively expanded its alternatives offerings.

Look for more flexible offerings from MFS Investment Management thanks to new funds in its target date suite.

The Epiphany Funds Trust has appointed Mutual Shareholder Services as its transfer agent, administrator and fund accounting firm effective November 1, according to a Securities and Exchange Commission filing.

All wealth management firms have generally the same commission structure: bigger producers keep more—and it works. Yet, this is the opposite of our tax structure.

Henderson Global Investors is liquidating two international equity funds in December.

But the increase comes from the fact that more banks began reporting for the first time— an apples-to-apples comparison is not so rosy.

Bill Gross, who runs the world’s biggest mutual fund at Pacific Investment Management Co., said there is no evidence that investment is being spurred by the Federal Reserve’s quantitative easing program.

Moody's Investors Service, Standard & Poor's and Fitch Ratings directors say Hurricane Sandy could create a downward impact on a few of the most severely impacted credits

ING Financial Partners, the broker dealer of ING U.S., has developed a new practice management program designed to help financial advisors address lifetime income planning needs of their near-retirement clients.

Relationships help fund firms retain assets, says Cogent Research.

The SSgA Tuckerman Active REIT Fund will soon be looking for another subadvisor.

Bill Gross, who runs the world’s biggest mutual fund at Pacific Investment Management Co., said there is no evidence that investment is being spurred by the Federal Reserve’s quantitative easing program.

The NASDAQ's parent group is acquiring a new index provider.

Former SEC chairman Arthur Levitt called the lack of an adequate backup plan a “body blow” to the reputation of the New York Stock Exchange. NYSE Euronext called his comments “appallingly and irresponsibly wrong.”