The firm announced plans for a new core line up of exchange-traded funds based on Wilshire Associates' indexes.
Despite getting smaller, Royal Bank of Scotland still has some very big problems. Bad loans and a shaky economy top the list. Turning a profit? That's still a ways off.
The BrightScope 401(k) plan ratings service is skewering the Investment Company Institute over its defense of target date funds.
The latest S&P/Case-Shiller Home Price Index, released today, shows a mixed picture: Some metro markets are improving, others are still searching for a bottom, and prices are down an average 0.2% in November across 20 metropolitan markets.
In another sign that the commercial property market may have bottomed out, the Moody's/REAL Commercial Property Price Index showed a 1% gain in November.
Hedge funds are losing talent to university endowments, sovereign wealth funds and even to the Securities and Exchange Commission, of all places, according to a survey released this week by executive search firm Heidrick & Struggles.
Hedge fund industry performance in 2009 was the best in a decade, according to Hedge Fund Research. The HFRI Fund Weighted Composite index returned 20.04% for the year ended Dec. 31, the industry's highest since the 31.29% return of the index in 1999.
Just days after its acquisition by Guggenheim Partners LLC was finalized, Claymore Securities Inc. has rolled out a new China exchange-traded fund – a launch that will likely be just the first of many, now that the Claymore/Guggenheim marriage is official.
The BrightScope 401(k) plan ratings service is skewering the Investment Company Institute over its defense of target date funds.
Oklahoma State University's athletic fund and Lincoln National Life Insurance Co. are embroiled in a legal flap over a failed funding plan for charitable insurance.
The Vanguard Group Inc. today changed the benchmarks for ten stock sector index mutual funds and corresponding exchange-traded funds from their old MSCI indexes to new MSCI 25/50 benchmarks. Those benchmarks are designed to meet IRS standards for registered investment companies.
Standard and Poor's today downgraded The Phoenix Cos Inc.'s counterparty credit rating to triple-C+ from B-.
The Independent Insurance Agents & Brokers of New York Inc. will proceed with legal action to try to stop a New York Insurance Department producer compensation regulation from taking effect, the DeWitt, N.Y.-based group announced Wednesday.
iShares today launched a suite of municipal bond exchange-traded funds with a planned end date. The feature allows investors to obtain targeted exposure to the municipal yield curve.
Lincoln National Corp. announced today that it has opened a new Los Angeles office to help it sell more Lincoln Financial Group life insurance products to small-business owners and high-net-worth individuals on the West Coast.
The New York State Insurance Department released its final producer compensation disclosure regulation Tuesday.
The Charles Schwab Corp. today announced the launch of six new managed portfolios of exchange-traded funds available through a fee-based portfolio advisory program.
Investment manager BlackRock said Tuesday that it bought Helix Financial Group LLC, a commercial real estate advisory firm, for an undisclosed amount.
The founder of the No-Load Mutual Fund Association — now The Mutual Fund Education Alliance — hopes to announce the creation of a new organization representing exchange-traded funds next month.
