Investing

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MUTUAL FUNDS SEP 29, 2017
Highland to convert open-end fund to closed-end

FIXED INCOME SEP 29, 2017
Hurricanes that ravaged Puerto Rico also wreck its bonds

Some funds have over 10% of their holdings in the island's municipal bonds, which were already suffering from poor economic conditions before the recent storms.

FIXED INCOME SEP 28, 2017
Ex-Morgan Stanley broker at center of Puerto Rico bond disputes

Hurricane damage to island may complicate settlement of claims on munis and closed-end funds.

MUTUAL FUNDS SEP 28, 2017
House sends safe harbor ETF bill to Trump

Legislation would allow brokerages to produce fund reports not classified as sales offers.

EQUITIES SEP 28, 2017
Investors see stock market correction ahead — but most aren't doing anything about it

More than half in survey expect a decline that will wipe out significant gains, but only 18% are taking steps to shield their portfolios.

MUTUAL FUNDS SEP 27, 2017
Invesco to buy Guggenheim's ETF business

$1.2 billion deal rounds out Invesco offerings and lets Guggenheim focus on mutual funds.

MUTUAL FUNDS SEP 25, 2017
Active managers still losing to indexes

But American Funds proposes two rules to increase advisers' odds of choosing a winner.

ALTERNATIVES SEP 22, 2017
Collectibles market not what it used to be

It's getting more difficult to find bona fide collections of things like lunchboxes or Barbies, and the internet has taken the joy out of the chase.

FIXED INCOME SEP 21, 2017
Odd letter highlights fiduciary concerns in Puerto Rico

Oriental Financial Services sold the island commonwealth's triple-tax-free bonds, then dismissed a client when it was sued over the risky securities.

ALTERNATIVES SEP 20, 2017
Massachusetts blasts SII over nontraded REIT sales

Securities regulator says SII Investments failed to supervise agents over suitability.

ALTERNATIVES SEP 20, 2017
Massachusetts blasts SII over non-traded REIT sales

Securities regulator says firm failed to supervise agents over suitability.

FIXED INCOME SEP 20, 2017
Fed to start shrinking portfolio in October

Policymakers signal one more rate hike this year, saying storms should have only a temporary impact on the economy.

FIXED INCOME SEP 19, 2017
With yields low and interest rates headed up, what kind of bonds do advisers buy?

Because they offer diversification, multisector bond funds might be a good bet.

Sallie Krawcheck wants Ellevest to change the way women save for retirement
FINTECH SEP 18, 2017
Sallie Krawcheck wants Ellevest to change the way women save for retirement

The former wealth management executive's startup robo-adviser tailors portfolios to women's distinct career paths.

ESG SEP 18, 2017
Impax Asset Management to acquire Pax World

Move will create global sustainable investing firm managing $13.9 billion

MUTUAL FUNDS SEP 14, 2017
SEC fines SunTrust for recommending higher-cost fund shares

Using institutional shares would have saved investors $1.1 million, agency says.

FIXED INCOME SEP 13, 2017
Muni bonds' tax break looks safe for now

The president and Treasury secretary have expressed support for keeping tax breaks in place on municipal bonds.

EQUITIES SEP 13, 2017
It's been a good year for publicly traded brokerage firms — but not all

Shares of LPL, Raymond James and Ameriprise are among those outperforming their benchmark, while Oppenheimer Holdings is down by double digits.

MUTUAL FUNDS SEP 13, 2017
iShares dominating ETF inflows for 2017

Vanguard is in second place, with all other competitors falling far behind.

EQUITIES SEP 11, 2017
Bull market leaves these stock fund categories behind

Small-cap, mid-cap and value funds have lagged the S&P 500.