Exchange-traded funds that invest in municipal bonds are gaining in popularity, but some industry watchers think that mutual funds are a better option.
Growth in The Hartford Financial Services Group Inc.'s wealth management and retirement businesses will be a renewed area of focus as the insurance giant welcomes its new chief executive, Liam E. McGee, who officially joined the firm last week from Bank of America Corp.
Financial advisers and consumer advocates are skeptical of a proposal from the life insurance industry that could reduce the amount of capital that carriers need to hold against residential-mortgage-backed securities.
Unemployment is expected to remain at elevated rates for the next two years, Boston Federal Reserve Bank president and chief executive Eric Rosengren said at a meeting of the Greater Boston Chamber of Commerce today.
Exchange-traded funds that invest in municipal bonds are gaining in popularity, but some industry watchers believe that mutual funds are a better option.
Pennsylvania's insurance department today filed petitions to liquidate embattled long-term care insurer Penn Treaty Network America Insurance Co. and American Network Insurance Co.
Emerging markets could be the next bubble to watch out for, but the doesn't mean the run is over yet, according to John-Paul Smith, chief strategist for Pictet Asset Management Ltd.
Mutual fund companies are under more pressure to lower fund expenses at a time they're being squeezed by distributors for more cash, said speakers at a mutual fund conference today in Boston.
Trading will begin tomorrow on four actively managed exchange-traded funds launched by Grail Advisors LLC.
Virtus Investment Partners Inc. has received shareholder approval to convert two funds of mutual funds using target risk strategies into more aggressive sector rotation funds investing in exchange-traded funds.
Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.
CIT Group Inc. shares plunged in premarket trading Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to avoid bankruptcy.
Four senior citizens in Florida who were scammed into purchasing “inappropriate” equity indexed deferred annuities have had a combined $1.2 million returned to them by the state's chief financial officer, Alex Sink, according a statement from Florida's Department of Financial Services.
An exchange-traded fund launched last week offers investors access to hard-to-reach segments of the municipal-bond market. Another has been proposed.
Atlantic City police are investigating how a hedge fund executive fell to his death from an escalator.
With the S&P 500 up more than 18% since the start of the year and almost 60% from the March 9 market low, it might be easy to make a case for long or even leveraged-long equity exposure.
Institutional investors are examining every aspect of their fund-of-hedge-funds portfolios and the managers in charge of them in the wake of the performance debacle of 2008, liquidity problems and the seismic shock of Bernard L. Madoff's massive Ponzi scheme.
The insurance industry predicts a new boom in variable annuities as tax deferral takes the spotlight in the near future, but financial advisers and broker-dealers aren't convinced that this will help products fly off the shelves again.
The Insured Retirement Institute last week chose James A. Shepherdson, executive vice president of Axa Equitable, as the group's chairman.
The Financial Industry Regulatory Authority Inc. is investigating whether broker-dealers are meeting their obligations to municipal-bond issuers who seek distribution to retail investors.
