The redemptions would be the first involving tax-free closed-end funds caught in failed auctions.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
If investors were expecting the first actively managed exchange traded funds to look anything like their mutual fund counterparts, they are probably disappointed by three ETFs that Invesco PowerShares Capital Management LLC introduced this month.
“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"
The current economic and market challenges apparently aren't enough to derail the growth and prosperity of the $2 trillion hedge fund industry, according to a survey of hedge fund managers.
While some financial services firms tighten their belts in times of economic uncertainty, others see it as a good time to add sales jobs.
Bank of America Corp. reported a 77% decline in first-quarter earnings, to $1.21 billion, or $0.23 cents a share.
A small but growing number of advisers are turning to derivatives-based strategies to help manage increased levels of market risk.
Investors Capital Advisory Services has released a new mutual fund wrap program named FundSelect.
A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.
