The SEC approved trading in options on the Gold Trust shares and the CFTC approved trading in futures on them.
The firm had added American Funds, JennisonDryden, OppenheimerFunds Inc. and Van Eck Global to its mutual fund platform.
The first income guarantee wrap-per around a managed-account portfolio hasn't even been sold yet, but its mere existence has sparked growing interest in retirement income products within the managed-accounts industry.
Real estate investment trusts outperformed other major market benchmarks during the first five months of the year.
MassMutual announced that it had completed its purchase of First Mercantile Trust Co. from SunTrust Banks Inc. of Atlanta.
After five years when investing in Latin America was virtually a sure thing, some industry experts are beginning to caution that the good times may be coming to an end.
Estimated sales of fixed annuities were $18.1 billion in the first quarter, a 35% increase from the level a year earlier.
The theory behind the Dunham Appreciation & Income Fund (DNAIX) is that by allocating half the portfolio to convertible bonds and preferred stocks and the other half to common stock, investors will experience a smoother long-term ride.
Like Goldilocks, financial advisers can't seem to find many new retirement income products that are "just right."
More than 400 executives from 50 mutual fund and financial services companies are expected to raise $650,000 June 12 at the 14th annual Expect Miracles Golf Classic, sponsored by Mutual Funds Against Cancer.
The hedge fund industry wants parity with mutual funds in its ability to buy exchange traded funds under a Securities and Exchange Commission proposal to streamline ETF regulation.
A recent court ruling makes it harder for investors who want to sue mutual fund advisers over "excessive fees," but the case may be headed to the U.S. Supreme Court.
A group of single-premium annuity pension plan brokers who allegedly took kickbacks from insurance carriers is under investigation by the state of Connecticut and may face steep penalties, according to Attorney General Richard Blumenthal.
The Hartford Financial Services has divided its life insurance operations into four market groups.
This deferred payout annuity allows clients to buy a stream of guaranteed income for a minimum of $10,000.
A study found that about 60% of new fund sales through intermediaries last year didn’t have front-end sales loads.
International/global funds led the way with net inflows of $12.7 billion, followed by corporate funds with $7 billion.
Creating what may be a new product category, Invesco PowerShares Capital Management LLC has launched three exchange traded funds that invest solely in other ETFs.
A large number of small-cap funds have reopened in recent months and are drawing the attention of financial advisers.
Russia's eight-plus-year economic expansion has spread into parts of the country's consumer and retail sectors, presenting a potentially new angle for participation among financial advisers and their clients.
