Investments

Mid-octogenarians could be getting a birthday gift from the IRS

Advisors need to address asset location strategies for their clients.

What is the best way to invest in the precious metal?

When it comes to sector exchange-traded funds, know what you're buying.

In the span of 12 months, the Active Bear Exchange-Traded Fund (HDGE) has become a wirehouse darling. The fund has multiplied its assets eight-fold from $40 million in assets in January 2011 to $319 million at press time.

Maybe not.

On June 29, 2012, Last week, the Board of Trustees of Trust for Professional Managers approved a reorganization of the Marketfield Fund, an equity and fixed income long/short mutual fund, into the MainStay Marketfield Fund, a newly created series of MainStay Funds Trust.

The Dow Jones Industrial Average wrapped up its best June since 1997, rallying up 277.83 points Friday to close at 12,880.09.

On June 29, 2012, BlackRock Asset Management¹s Toronto-based arm has crowned Noel Archard, the global asset management firm¹s current head of U.S. iShares, to succeed Bill Chinery as chief executive officer.

On June 29, 2012, St. Paul, Minn.-based Advantus Capital Management is adding an institutional share class of the Advantus Strategic Dividend Income Fund to its lineup within the next three months.

On June 29, 2012, PIMCO’s founder this week gave his readers a bit more than his usual insights on the state of the market.

On June 29, 2012, Education and healthcare retirement plans are using more target date funds and Roth features in their plans, according to the latest 403(b) plan sponsor survey from the Plan Sponsor Council of America.

On June 29, 2012, Charles Schwab yesterday rolled out the first version of the new Schwab Advisor Center app for the iPhone for independent investment advisors who custody assets with Schwab Advisor Services.

Assets of all exchange-traded funds fell in May by $71.42 billion, or 6% to $1.116 trillion, according to data from the Investment Company Institute.

Pioneer Investments has made a series of new hires and promotions that are part of its plan to increase its U.S. retail sales team by approximately 25% in 2012.

Tax-exempt funds continued to see negative flows as $1.12 billion fled the funds and total net assets settled at $270.27 billion in the week ended June 25, according to The Money Fund Report, a service of iMoneyNet.com.

An uninspiring week of frozen yields in the municipal bond market could not put a stop to the inflows pouring into muni bond mutual funds. Muni bond funds saw $625 million of inflows from funds that report their flows weekly for the week ended June 27, compared with net inflows of $555 million the week ended June 20.

New York Life says its Guaranteed Future Income Annuity product has garnered more than $500 million in premiums in less than a year.

The Dow Jones Industrial Average lost 24.75 points Thursday to close at 12,602.26 while the Nasdaq and S&P 500 trimmed 25.83 points and 2.81 points, respectively.

On June 28, 2012, Los Angeles-based TCW has hired David Loevinger as managing director and sovereign analyst in the Emerging Markets Group.