Five firms are said to have expressed interest in buying a stake in Lehman's investment management business.
The Rydex AdvisorBenchmarking Inc.'s Advisor Confidence Index rose 13% in August to 97.06, from 86.27 in July.
A married couple has cut back on their charitable donations and are instead volunteering their time and services.
Industry insiders believe that the ETF slowdown is little more than a bump in the road and attributable more to sour markets than exchange traded funds themselves.
In the biggest shakeout thus far, 25 exchange traded funds already have closed this year, indicating that this fast-growing sector of the fund industry may be settling down.
The exchange traded fund world got a little more exciting this year with the introduction of the first truly actively managed ETFs.
The boom in exchange traded funds appears to have come to an end.
Portfolio managers who battened down their hatches for credit market squalls, falling U.S. rates and a sagging greenback led the ranks of fixed-income performers for the 12-month period through June 30, according to Morningstar Inc.'s separate-account/commingled-fund database.
Exchange traded notes — close cousins to exchange traded funds — are starting to catch on with some financial advisers because they allow access to hard-to-reach markets.
A generous portion of commodities and no exposure to financial services company stocks was the recipe for success among equity managers for the 12-month period ended June 30, according to Morningstar Inc.'s separate-account/commingled-fund database.
