Investments

The Dow Jones Industrial Average fell 30.82 points Wednesday to close at 13,172.76 while the Nasdaq and S&P 500 added 6.41 points and 0.32 points, respectively.

Investors last week pulled an estimated $2.67 billion from U.S. stock funds, down from $3.56 billion the prior week and half that two weeks earlier.

Legg Mason is planning to offer a number of index ETFs as well as actively managed fund of funds ETFs.

For the week ended Aug. 15, investors pulled an estimated $2.67 billion from funds that invest in U.S. stock mutual funds, substantially less than the $3.56 billion withdrawn the week before.

Heavy lobbying continues in the lead-up to what some expect will be an Aug. 29 SEC vote on controversial money market reforms.

With 1,000 ETFs now trading on Xetra, the Deutsche Bourse’s electronic trading platform, the exchange remains the leading trading venue for ETFs in Europe.

Two trade groups for corporate treasurers have sounded the alarm about proposed reforms of money market funds, warning that proposed regulations could reduce large companies' financing options - and add to their dependence on megabanks.

Jensen Investment Management has hired Gabe Goddard as chief compliance officer and counsel.

Steve Atkinson, "The Advisors' Coach," says investing in people, entrepreneurship and improved corporate efficiencies is a far cry from gambling and it's important that advisors and their clients appreciate the difference.

Index funds are "just slightly underperforming" their benchmarks because of their small expenses, according to a Lipper report.

The measure of success for Christopher Donahue's defense? That the SEC so far this year has not sought a showdown on reform.

Curian Capital has rolled out two alternative-focused strategies for separately managed accounts.

For roughly 40 years, the SEC has clashed in a "regulatory tug-of-war" with Congress over regulation of borrowers of conduit bonds, which historically have higher default rates than traditional munis, said Paul Maco, a lawyer at Bracewell & Giuliani LLP.

In a new survey, the CFP Board revealed just how pervasive the financial abuse of seniors has come to be. At the same time, the board is seeking new standards to help seniors - and all consumers - better understand which self-described financial advisors are truly out to serve their best interests.

The Dow Jones Industrial Average shed 68.06 points Tuesday to close at 13,203.58 while the Nasdaq and S&P 500 lost 8.95 points and 4.96 points, respectively.

Curian Capital has rolled out two alternative-focused strategies for separate accounts.

The measure of success for Christopher Donahue's defense? That the SEC so far this year has not sought a showdown on reform.

With the departure of Peter Ehret, formerly a senior money manager at Invesco, the firm announced a number of changes to its portfolio manager lineup.

Hatteras Funds has promoted Robert Murphy chief investment officer of the Hatteras Alternative Mutual Funds.

Index funds are “just slightly underperforming” their benchmarks because of their small expenses, according to a Lipper report.