Stock and bond funds had net inflows of $34.6 billion last month, up from $24.7 billion in April, according to FRC.
Home prices continued their freefall in April, with some areas reporting declines of nearly 27% year-over-year.
The employee benefits provider was fined for for failing to report special payments to an insurance broker.
Financial advisers are looking to punish The Charles Schwab Corp. for leaving them in the lurch after its bond funds suffered when investments in mortgage-backed securities went sour.
The hedge fund is reportedly considering raising another $1 billion to take advantage of Wall Street turbulence.
As an innovation, ETFs have no peer.
Competing in a crowded, cost-focused market, 20-year-old Hennessy Funds is putting an emphasis on distribution.
After more than seven years of tapping into the Internet for the best stock pickers who are willing to run a virtual portfolio, Marketocracy Inc. has produced a top-tier mutual fund that is loosely subadvised by an eclectic group of individuals, most of whom have no connection to Wall Street.
Bond insurers are in talks with banks, looking to wipe away some $125 billion of insurance on debt securities.
Market turmoil and rising interest rates might kick off a new season for the fixed annuity as the product emerges from the shadow of its variable cousin, an industry expert said.
A handful of exchange traded funds are looking to give investors access to frontier markets, or countries that are less developed than traditional emerging markets.
Embedding annuities into target date funds might be the key to offering annuities as an investment option in 401(k) plans.
Economic uncertainty and market volatility are taking donor-advised funds on a roller coaster ride.
New York Life Insurance Co. has tapped Jon Stenberg to join the company as a senior vice president in the individual-life department.
Legislation that would require municipal bonds to be rated similarly to corporate bonds was introduced today in the House.
Investors put more than $75 billion into mutual funds in May, as stock, bond and money market funds reported positive inflows.
Hedge funds posted positive returns in May, despite growing concerns that inflationary pressures and spiking oil prices would hinder growth rates.
Mark J. Schlafly will lead two broker-dealers, FSC Securities Corp. and Advantage Capital Corp., both of Atlanta.
Barclays PLC might receive about $927 million from Sumitomo Mitsui Financial Group Inc. to bolster its depleted balance sheet.
Crude oil prices soared today on the news of an Israeli Air Force exercise that experts say was a show of force aimed at Iran.
