The company completed the reorganization of $2.2 billion in assets of 26 Nationwide Funds into newly created Aberdeen Funds.
Second-quarter volume of long-term muni bonds totaled $226.3 billion, a 1.3% drop from the same period last year.
Analysts concerned about Security Benefit Life Insurance Co.'s investments in subprime-mortgage-backed securities have cut the firm's financial ratings and are keeping a careful eye on the Topeka, Kan., carrier.
"The cushion provided by well-covered dividend yields has taken on increased importance," a JPMorgan analyst wrote.
Hypothetical returns utilized by a host of new exchange traded funds are reigniting a debate about the use of back-tested performance data.
The model aims to create an industry standard to streamline the process of selling VA contracts and simplify compliance.
Bank holding company income from mutual funds and annuities rose more than 27% to $5.92 billion in the first quarter.
Ted Mathas' promotion makes him the New York-based company’s 18th CEO in its 163-year history.
The combined total launches last year of exchange traded funds, variable annuities and closed-end funds surpassed open-end mutual fund launches for the first time, according to Boston-based research firm Cerulli Associates Inc.
Faced with an increasingly global market in which the United States plays a diminished role, asset management companies must rethink how they approach investing.
Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
Nearly half of pre-retirees believe they can withdraw 10% annually from their retirement savings, according to MetLife’s Mature Market Institute survey.
Two top stock-pickers are steering clear of financial service company stocks.
Fidelity expects the emerging markets of Brazil, Russia, India and China to generate long-term growth.
Oil prices shot up again today on comments by the president of OPEC that they could rise to $170 a barrel and fears of a production slowdown by Libya.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
Stock and bond funds had net inflows of $34.6 billion last month, up from $24.7 billion in April, according to FRC.
Sun Life Financial Inc.’s U.S. division in Wellesley, Mass., today introduced Retirement Blueprint, which helps advisers expand their role with their clients.
Equity index annuities could be regulated as securities if a proposal approved 3-0 today by the Securities and Exchange Commission is finalized.
