Iowa will be the first state to join an initiative to provide customers with plain-English disclosure on fixed and indexed annuities.
An organization advocating divestment from companies that support the economies in countries perpetrating genocide won an initial victory in bringing their cause to the fund boards of more than two dozen Fidelity funds.
Brokers, not mutual fund companies, should set their own 12(b)-1 distribution fees.
Investors are prohibited from withdrawing funds from CSO Partners.
Despite economic concerns, the central bank keeps interest rates unchanged.
Officials have testified that the time is right for a federal insurance regulator.
Raymond James has won a $1.75 million arbitration claim against Cantor Fitzgerald.
MSRB seeks comments on whether more information about municipals should be disclosed.
Earl E. McEvoy, an asset manager for three of The Vanguard Group’s mutual funds, will retire on June 30.
DTCC has trimmed fees for mutual fund and insurance transactions.
Morningstar has expanded its ratings coverage to hedge funds.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
Capital gains payouts in 2007 rose for the fourth straight year, said head Morningstar analyst Russel Kinnel.
Hedge funds in January had their worst performing month in more than five years, according Greenwich Alternative Investments.
Claymore Securities listed three new ETFs on the Amex: the U.S. Capital Markets Index; the U.S. Capital Markets Bond index and the U.S. Micro-Term Fixed Income.
Warren Buffett has made an offer to three large municipal bond insurers to reinsure $800 billion in municipal bonds.
Goldman Sachs has created an index for investors seeking opportunity in longevity and mortality risk.
Exchange traded funds that invest in municipal bonds are looking more attractive these days, thanks mostly to their competitive yields.
Legg Mason Inc. has partnered with Citibank (China) Co. Ltd. to launch mutual funds designed for retail investors in China.
Despite initial concerns about portability, cost and complexity, annuities in defined contribution plans are slowly gaining momentum, according to a new report.
