An investor has filed a class action against Prudential Financial Inc. and a slate of its executives, alleging that the insurer violated federal securities laws in a June 2008 public offering of junior subordinated notes.
The Vanguard Group Inc. led all mutual fund companies in sales last year, according to new data from Financial Research Corp.
Janus Capital Group Inc. yesterday said that its trustees approved a proposal to merge its two retail-fund series.
E*Trade Financial Corp. today announced the launch of a series of online tools aimed at helping its customers select fixed-income products.
A key gauge of homebuilders' confidence remained near historic lows in March, as builders saw a drop in prospective homebuyers visiting model homes amid rising job losses and economic fears, according to a survey released Monday.
Federated Investors Inc. of Pittsburgh today announced the launch of three mutual funds.
Five closed-end mutual funds advised by Pacific Investment Management Co. will redeem an additional $225 million in illiquid auction rate securities.
As exchange traded funds gain in popularity, more financial advisers are building model ETF portfolios for use by other advisers.
Believing that the financial oracles may have lost their gifts, many advisers appear unwilling to tie their fortunes to the investment acumen of such big-name investors as Warren E. Buffett and Bill Miller.
On Saturday, the granddaddy of mutual funds — the Massachusetts Investors Trust Fund (MITTX) — will celebrate its 85th birthday.
Total assets in exchange traded funds fell $45 billion last month, to $451 billion, according to data released today by State Street Global Advisors of Boston.
Angelsoft.net updated its search engine and GlobalBroker.com has launched a web-based market for owners or buyers to sell or to lease commercial real estate.
China's premier is worried about its massive holdings of Treasuries and other U.S. debt, appealing to Washington to safeguard their value.
The Swiss government says it will cooperate on cases of international tax evasion, breaking with a long-standing tradition.
Five closed-end mutual funds advised by Pacific Investment Management Co. will redeem an additional $225 million in illiquid auction rate securities.
National Advisors Trust Co. said today that it was expanding the alternative-investment-custody services that it provides to advisers.
Mutual funds attracted net inflows of $44 billion during January and February, according to a report from Strategic Insight Mutual Fund Research and Consulting.
Attempts to avoid the largest municipal-bond default in U.S. history were dealt a blow this month when two Wall Street banks ended swap agreements with Jefferson County, Ala.
A fourth-quarter tumble in long term care insurance sales brought down full- year 2008 results for the product, according to data from LIMRA International Inc.
The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.
