Investments

Fidelity Investments is planning to fold its Fidelity Advisor Stock Selector Mid Cap Fund in the Fidelity Advisor Growth Strategies Fund.

The tax-exempt market ended firmer for the third session on Friday as demand outweighed supply and prices followed Treasuries higher.

Forward’s former president Jeff Cusack has taken a new job with rival alternative mutual fund ship Nuveen Investments.

The Dow Jones Industrial Average rallied up 100.51 points to Friday to close at 13,157.97 while the Nasdaq and S&P 500 moved up 16.39 points and 9.05 points, respectively.

Fidelity Investments is planning to fold its Fidelity Advisor Stock Selector Mid Cap Fund in the Fidelity Advisor Growth Strategies Fund.

After peaking at over $1,900 an ounce in August 2011, gold prices are now down around 12% from that apex. However, investors' demand for gold bullion ETFs has not dulled.

Pyramis Global Advisors, the institutional asset management arm of Fidelity Investments, has expanded its global distribution leadership team with the additions of Maureen Fitzgerald as head of North American Institutional Distribution, a newly created position.

Calamos Investments this week welcomed an old foe into its fold.

SEC Commissioner Luis A. Aguilar said that the agency should look at the “cash management industry as a whole” instead of zeroing in only on money market funds.

Plan participants who pick their own mix of investment options are generally exposed to greater risk due to reduced diversification, according to The Principal.

ICI President and CEO Paul Schott Stevens said the "exhaustive record" before the SEC did not support the changes that it was proposing.

The inclusion of alternative ETFs in a portfolio provides a risk-adjusted benefit to investors, according to research from Lipper.

After a large inflow the previous week, assets held in institutional money market funds decreased by $1.06 billion to $1.686 trillion for the week ending Aug. 22.

Municipal bond mutual funds saw inflows fall by more than half the previous week's amount, dropping for the second straight week. But they've thus far remained positive through the summer lull at $436 million for the week ended Aug. 22.

The Dow Jones Industrial Average fell 115.30 points Thursday to close at 13,057.46 while the Nasdaq and S&P 500 lost 20.27 points and 11.41 points, respectively.

After a large inflow for the previous week, assets of institutional money market funds decreased by $1.06 billion to $1.686 trillion for the week ending Aug. 22.

The inclusion of alternative ETFs in a portfolio provides a risk-adjusted benefit to investors, according to research from Lipper.

John Hancock Financial, the U.S. division of Manulife Financial Corp., has named James D. Gallagher as executive vice president, general counsel and chief administrative officer.

The SEC has approved an Amex Options exchange plan to test trading in options contracts without any limits on the amount of contracts held in the SPDR S&P 500 Exchanged-Traded Fund. That gives the NYSE Euronext unit the ability to match the no-limits policy offered by the Chicago Board Options Exchange.

The Investment Company Institute, which lobbied heavily against money market regulatory changes that were supported by Securities and Exchange Commission Chairman Mary Schapiro, said it was “pleased” that the commission was dropping its plans to pursue those changes.