Custodian floats four exchange-traded funds; nixed all 17 country funds in 2009
Asset manager buying a boat load on junk bonds; yield ahead
The Municipal Securities Rulemaking Board has yanked all six of its proposed rules covering municipal advisers today, triggered by worries about the Securities and Exchange Commission's proposed definition of a municipal adviser.
Pacific Investment Management Co.'s Neel Kashkari said investors should buy equities because valuations, income growth and dividends show the asset class is attractive.
Asia local debt, managed futures and senior loans were among the top-selling strategies among new ETFs in the year's first half, a sign that investors are turning to more complicated — and in some instances riskier — asset classes to seek returns in today's markets
June's combination of flows out of active U.S. equity funds and into index funds was the highest since '09
The 25 defined-contribution money managers with the most mutual fund assets reported a combined total of $1.606 trillion as of Dec. 31, up 17% from a year earlier, according to sister publication Pensions & Investments' annual survey
Sequoia branched out by slashing its holdings in Berkshire, then reinvesting the cash; up 14% in 2011
U.S. units of Aviva, Allianz placed on review with negative implications due to parents' EU exposure
Insurer agrees to settle charges it violated the FCPA; carrier allegedly netted $11.4M from $3.6M in payments
Sun Life's decision to exit the VA and life insurance businesses in the U.S. came as a big surprise. The Canadian outfit's departure also leaves distributors hurting for choices.
New customers must have paperwork signed by Sunday to get the old rate
Company plans to roll out its first fixed indexed annuity but must prep bulk of 82,000 reps first; 'large universe of salespeople'
$8.6B in 3Q is another record breaker for variable annuities; insurer's already pared back GMIB Max twice
More info, less paperwork would be helpful; 'actionable ideas' highly prized
Investment products must generate income streams; advisers still on the fence about annuities, however
Once-demonized carrier slowly restoring its brand; 'even Charlie Sheen got another shot'
Jackson National takes top spot; Pru at No. 2
A 76-year-old insurance agent is facing nearly a century of prison time after pleading guilty to securities fraud stemming from the sale of unregistered securities and fake investments.
