Maybe American Funds Growth Fund of America should be renamed American Funds Index Fund of America. The $115 billion fund, the largest equity mutual fund in the world, is tracking its benchmark more closely than ever before — and it is not alone.
Any initiative that reduces investors' vulnerability to fraud, and thereby strengthens their confidence in the markets, is a step in the right direction.
Some see move to independent, fee-based model, open-architecture as opportunity.
Bond fund manager said to have paintings, watches, Porsche and other valuables stolen
The securities industry in California is up in arms over a bill that would ban employers from requiring employees to hand over their social media passwords.
Former wide receiver part of team tapped for wealth and investment management division
Merrill Lynch's proposed settlement with ex-brokers was aimed at limiting litigation. But some lawyers say it may trigger more lawsuits. Here's why.
Agreement will set the floor for future monetary claims; lowball figure would trigger new suits, lawyers say
Focus on property-casualty, commercial after ditching b-d, retirement business.
Global investors are souring on President Barack Obama while still expecting him to be re- elected in November.
