Home prices across most of the U.S. have started to rise from the depths of the housing slump, a pivotal trend that will help stabilize the broader economy, according to new figures released today.
Though rep recruitment is up at the John Hancock Financial Network since the firm decided to embrace the independent adviser channel, recruiters remain skeptical as to whether independents will continue to flock to the company.
Money market mutual funds would benefit from a federal program to guard against the risk of illiquidity in the markets, analysts yesterday at the first Money Fund Symposium in Providence, R.I.
The continued zero interest rate environment may be presenting a bigger challenge to money market mutual fund managers than rule changes <a href= http://tinyurl.com/lom2a4>proposed </a> by the Securities and Exchange Commission, several managers told participants today at the Money Fund Symposium in Providence, R.I.
It is not the first exchange traded fund to invest in Treasury Inflation-Protected Securities, but the TIPS ETF launched today by Pacific Investment Management Co. of Newport Beach, Calif., may quickly become the fan favorite, according to a Morningstar anaylst.
Total individual-annuity sales tumbled during the second quarter as carriers' new business slowed and fixed-annuity interest rates fell, although sales for all fixed annuities fared better, according to data from LIMRA.
A new life insurance product from The Phoenix Cos. Inc. covers two lives under one policy, providing a death benefit for a spouse or business partner.
The declining value of fixed-income portfolios in a climate of rising interest rates will hinder life insurers' performance over the next two years.
Although members of the insurance industry and some broker-dealer executives are butting heads with state regulators on tougher annuity regulation, financial advisers cheered the proposed use of Finra-esque suitability layers for all annuity sales.
The Securities and Exchange Commission and the Commodity Futures Trading Commission inserted themselves into the debate surrounding controversial, non-traditional exchange traded funds last week — a debate that could harm the entire ETF sector, according to some industry insiders.
Inflation fears and attractive returns are driving demand for Treasury Inflation-Protected Securities.
Fidelity Investments of Boston spent $940,000 — both directly and via third-party firms — during the second quarter to lobby lawmakers in Washington on financial regulatory reform, retirement, taxes and other issues, according to recent filings with the House of Representatives' Office of the Clerk.
Total money market mutual fund assets fell by $12.07 billion to $3.581 trillion for the week, the Investment Company Institute said yesterday.
Even as ETFs continue to take market share away from mutual funds and gain more popularity with retail investors and advisers, officials for Fidelity Investments are maintaining that the fund giant is unlikely to expand its proprietary exchange traded fund lineup.
ProShares Advisors LLC announced today the launch of a third exchange traded fund that lets investors bet on a downturn in long-term U.S. Treasury bonds.
A key federal regulator is asking lawmakers to tighten legislation imposing broad new oversight on derivatives by going beyond the Obama administration's proposal in several areas governing the complex financial instruments blamed for hastening the global economic crisis.
Henry Waxman, chairman of the House Committee on Energy and Commerce, is asking executives at Genworth Financial Inc., The Guardian Life Insurance Company of America and MetLife Inc. to produce details on executives' pay.
American International Group Inc. has named Jay S. Wintrob president and chief executive of its Domestic Life and Retirement Services business.
Actively managed domestic equity mutual funds underperformed their benchmarks for the past five years, according to Standard & Poor's Index vs. Active Fund Scorecard released today.
