Plus: Asian markets are charging, hitting a year-end financial high note, how to use bond ETFs, Amex gets stung, and apps for getting fit. Check out Breakfast with Benjamin.
Fidelity Investments, the world's second-biggest mutual-fund company, said Ramona Persaud on Jan. 1 will take over management of two dividend growth funds that collectively manage almost $10 billion.
Money manager said to seek $3 billion for new credit hedge fund.
The stock market's rally has more investors and pundits screaming about too-high valuations but the fact is that corporate earnings have risen along with stock prices. The upshot? This unloved rally has room to go higher.
Rising rates this year have weighed on high-dividend stocks such as telecom, utility and real-estate investment-trust company shares. The specter of higher rates in 2014 doesn't bode well, some strategists say.
Plus: Hedge funds short gold, bonds embrace Fed taper, Obamacare hits the family budget hard, a case for reverse mortgages, and holiday tipping tips
After five years of outflows — to the tune of $242 billion — American Funds is overhauling its approach to working with financial advisers. Jason Kephart has the details.
Thanks to the magic of time, five-year average returns for equity mutual funds are looking better by the month, and advisers should prepare to hear plenty about it.
Breakfast with Benjamin: At Bernanke's final meeting, Fed poised to cut another $10B from its bond-buying program. Plus: CEOs struggle to manage expectations, income tax pain hits home, a tale of two homebuilder ETFs, and young folks aren't biting on the Obamacare sales pitch.
The best hedge fund managers tend to find profits in short-term, contrarian bets.
SEC, other regulators, pass rule after three years of back and forth with Wall Street.
A paradox for the ages as weak economy pushes stock prices higher.
Senate confirmation hearing confirms dovish stance.
Plus: Elizabeth Warren vs. Wall Street, emerging markets see downside of credit boom, and the realities of alternative energy investments. All in Breakfast with Benjamin.
One year on, iShares' Core series is clawing back market share for BlackRock as price cuts, rebranding helps firm recover from case of “Vanguarditis.”
The sales team will increase over the next six to eight months to help the company cope with the evolving adviser business model, said Matt O'Connor, director of distribution in North America.
Firm will share how portfolios are managed but won't reveal performance and holdings
Wall Street's biggest firms are predicting intensifying bond losses in emerging markets, where borrowing costs have already soared to the highest in more than four years versus U.S. corporate debt, as the Federal Reserve considers curtailing record stimulus.
Fund to tap into 'renaissance' in domestic energy production.
Exchange-traded bandwagon not dragging as new record set; inflows even in shunned sectors
