Investments

Edward Jones, a St. Louis-based brokerage firm, announced Monday that it has added 12 model portfolio to its mutual fund and exchange-traded fund advisory program.

BlackRock Inc., the world's largest money manager, said on Monday it will buy Taiwanese fund management firm Primasia Investment Trust.ust.

The New York money manager plans to acquire Primasia Investment Trust Co. to enter Taiwan's domestic mutual fund market.

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

Retail demand for municipal bonds continued to surge last week as mutual funds that invest in state and local government debt posted their second biggest weekly inflow of the year.

Martin Kanefsky, the former owner and chief executive officer of a Great Neck, N.Y.-based firm that helped municipal issuers secure guaranteed investment contracts for their bond proceeds, pleaded guilty to participating in two separate fraud conspiracies as well as wire fraud, the Justice Department announced Thursday night.

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.

Vanguard has dropped AXA Rosenberg Group as a sub-advisor of the Vanguard Explorer, Vanguard U.S. Value and Vangaurd Market Neutral funds, replacing the oversight with its own Quantitative Equity Group, Vanguard said Thursday.

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

International ETFs hauled in $22.6 billion, while fixed-income remains an investor staple, with a $5.9 billion gain.

Congressman Richard Neal, D-Mass., has introduced legislation that would allow companies to set up automatic payroll deposit Individual Retirement Accounts, or Auto IRAs, for workers who do not have access to employer-provided qualified pension plans.

Since the beginning of the year, Wall Street firms, trade associations, and municipal bond issuers have significantly stepped up their lobbying efforts to get lawmakers to extend the Build America Bonds program before it expires at the end of December.

Hedge fund performance in July lagged behind the equity markets in July, according to the Hennessee Group, an advisor to hedge fund investors.

WASHINGTON — Since the beginning of the year, Wall Street firms, trade associations, and municipal bond issuers have significantly stepped up their lobbying efforts to get lawmakers to extend the Build America Bonds program before it expires at the end of December.

Moody's issued a report Tuesday finding a widespread "Apocalypse Now" among money market funds in the days surrounding the September 2008 implosion of Reserve Funds' Primary Fund, which broke the buck at 97 cents on the dollar due to heavy exposure to Lehman Brothers paper.

Charles Schwab announced at a panel discussion on exchange-traded funds in New York City on Tuesday that it will continue to offer commission-free trading to its brokerage clients that use its lineups of ETFs.

P&C leads bank-holding-company insurance sales upward in a soft market’s sixth year.

Four major municipal market groups are urging the Treasury Department to issue guidance confirming that the existing regulatory framework on issue price for tax-exempt bonds also applies to Build America Bonds and stating that if issuers follow certain long-standing practices, they can be confident they are complying with the rules in this area.

A monumental shift is taking place in the mutual fund industry as wholesalers move to mobile apps for smartphones and tablet computers - en masse.