News

The stock market rally that continued throughout the second quarter ended the string of six consecutive quarters in which the average target-date fund lost money, according to the...

Principal Global Investors announced Jill Cuniff will join Seattle-based Edge Asset Management as president.

STOXX Limited, provider of European equity indexes, has launched the Dow Jones STOXX 600 Optimised Supersector Indexes, a new series of European sector indexes.

A Minnesota state judge told both sides in the continuing dispute over the number of 403(b) vendors for the Winona (Minnesota) School District that she needs more time...

ProShares has unveiled a 130/30 exchange-traded fund (ETF), the ProShares Credit Suisse 130/30 (CSM), which kicked off trading on the NYSE Arca today.

U.S. stock and bond mutual funds generated the best quarter of long-term fund inflows in more than two years during the second quarter of 2009, according to Strategic...

RPG Consultants has added Counsel Trust Company, doing business as Mid Atlantic Trust Company, to the RPG401k platform.

National Financial announced it has integrated the wealth management capabilities of Thomson ONE into its Streetscape brokerage workstation.

A Missouri broker who officials charge had improperly convinced investors to stop their 401(k) contributions and refinance their homes to make money available for unsuitable investments has been...

Losses in the financial and housing markets during the economic crisis are causing many seniors to consider retiring at a later age than originally planned.

Charles Schwab Investment Management, Inc. has announced the addition of the Laudus Growth Investors U.S. Large Cap Growth Fund, successor to the UBS U.S. Large Cap Growth Fund,...

U.S. Senator Charles E. Schumer (D-New York) has unveiled a plan designed to help children save money to afford college, purchase a house, and retire.

Recently the 7th Circuit responded to requests that it reconsider its opinion in the revenue-sharing/″excessive fee″ case of Hecker v. Deere.

Recently the 7th Circuit responded to requests that it reconsider its opinion in the revenue-sharing/″excessive fee″ case of Hecker v. Deere.

The U.S. Department of Treasury has delivered proposed legislation to Congress that would strengthen the Securities and Exchange Commission's (SEC) authority.

Keith Thomas has joined EIM Management USA, the U.S. affiliate of the EIM Group, a fund of hedge funds, as a director, Business Development.

AQR Capital Management, LLC has launched the AQR Momentum Indices, a new set of indexes that capture the returns of stocks that have positive "momentum."

Longview Financial Advisors, LLC, has launched Klear(k), a new retirement plan program that gives plan sponsors a way to access exchange-traded funds (ETFs) through FOLIOfn's investment platform.

MainStay Investments has adopted four equity mutual funds managed by Epoch Investment Partners, Inc.

U.S. equity brokers said the pool of commission dollars they earn on institutional trades of domestic equities could fall this year by 23%, back to 2007 levels.