Sun Life Financial Inc.’s U.S. division has launched its charitable estate planning campaign to teach advisers and clients about using life insurance for charitable purposes.
Van Eck Associates Corp. today launched the first global-hard-assets exchange traded fund — Market Vectors-RVE Hard Assets Producers (HAP).
American International Group Inc. is reportedly in talks with JPMorgan Chase & Co. to spin off some its subprime assets into a new company, according to The New York Post.
Luxury homebuilder Toll Brothers Inc. posted a loss and a 27% decline in net new-home orders in its fiscal third quarter.
Overall individual-annuity sales grew 4% during the second quarter, buoyed by a spike in fixed-annuity sales, according to Limra International Inc.
Munder Capital Management Inc. has announced plans to exit the money market mutual fund business.
The Morgan Stanley Real Estate Fund VII Global will invest at least $1.46 billion in China over the next few years.
Janus Capital Group Inc. today launched Janus Adviser Modular Portfolio Construction Fund (JSMPX), a fund of funds.
Henderson Global Investors, the Hartford, Conn.-based unit of Henderson Global Investors Ltd. of London, has launched the Henderson Industries of the Future Fund.
Insured losses from Hurricane Gustav were not large enough to affect the creditworthiness of the insurance and reinsurance industries, S&P said.
U.S. construction spending slipped 0.6% in July to a seasonally adjusted annual rate of $1.084 trillion, its lowest July level since 2004.
With new products emerging and a streamlined global regulatory regime on the horizon, the scope and popularity of exchange traded funds is growing.
Despite consistently having generated above-average returns during much of the past six years, industrial real estate investment trusts, especially those with a global reach, are slipping along with the economy.
To capitalize on international investing, Dimensional Fund Advisors LP has launched an international-equity fund despite comparatively stronger U.S. stock market performance.
Maybe this will make fund fees easier to bear. The Davlin Philanthropic Fund, which was launched in July, will donate one-half percentage point of its 1.65% expense ratio to charities picked by its investors.
Many financial advisers consider municipal bonds to be relatively safe investments, but that image took a hit last week when Jefferson County, Ala., moved a step closer to what could be the largest municipal bond default in U.S. history.
The current uncertainty surrounding the equity markets and the overall economy, tied largely to the troubled banking industry, is playing right into the hands of Stephen Goddard, co-portfolio manager of the $80 million <b>AFBA 5 Star Balanced Fund </b>(AFSAX).
Advisers are using ETFs in multiple ways, in both the core and satellite allocations, as well as in the active and passive slices of investors’ portfolios.
The SEC accused Donald H. Allen and his companiesof raising around $9.9 million from 350 investors and failing to disclose that no profits had been generated.
The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
