Variable annuities with guaranteed-minimum-withdrawal benefits allow investors to reduce risk and increase retirement income, according to a recent study.
The manager of the Aston/Veredus Select Growth Fund (AVSGX), B. Anthony Weber, knows that market conditions have been taking a toll on his investment strategy, but he insists that the validity of his approach remains solid.
Overcrowding is behind a nearly 18% slump in the number of mutual funds launched in 2007 and a comparable percentage jump in those merged out of existence.
In a bid to take advantage of the stock market's volatility, mutual fund companies are reopening closed funds at a record pace.
The minor-league status of WisdomTree Investments Inc. in the world of exchange traded funds could change following a deal struck last month with The Dreyfus Corp.
The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Strong earnings and sound investment portfolios will keep the life insurance industry stable this year, according to Moody’s Investors Service.
Two mutual funds that offer set payouts and principal guarantees have been launched, with more expected, but financial advisers think the guarantee is flimsy.
The company has bought HedgeWorks, a Southern California hedge fund with more than $10 billion in assets.
Shares of Ambac and MBIA rose after CNBC reported the names of eight banks that have banded together with the New York state Insurance Department to rescue the beleaguered bond insurance industry.
The Morgan Stanley Global Long/Short Fund aims to offer an institutional-quality portfolio of long/short equity hedge funds.
The American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
Daniel Marino, who faced a maximum sentence of 50 years, had sought leniency due to his cooperation with prosecutors.
Claymore Securities has unveiled the Claymore/AlphaShares China Small Cap Index exchange traded fund on Amex.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
A Euro Fund and Sterling Fund will be rolled out, most likely sometime this summer, said founder Bruce Bent.
Banc One Securities Corporation of Chicago was fined $225,000 by FINRA for making the unsuitable sales.
