News

Facing at least three lawsuits over its handling of investments in mortgage-backed securities, State Street Corp. on Thursday announced a new head of its investment unit and establishment...

President Bush signed legislation on Monday that makes it easier for mutual funds and private pension funds to sell their investments in companies doing business with Sudan.

A significant majority of financial advisers are confident in the country’s economic prospects, according to the latest Brinker Barometer from Brinker Capital.

Assets of all exchange-traded funds (ETFs) fell in November by $16.05 billion, or 2.7%, to $572.12 billion, according to data from the Investment Company Institute (ICI).

2007 proved to be a landmark year with many milestones reached in the worldwide use of mutual funds, according to observations from Strategic Insights.

Bradford P. Campbell, assistant secretary of labor for the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), on Monday announced that the agency achieved monetary results of...

SBAuer Funds has launched the Auer Growth Fund (AUERX), which looks for stocks poised to double in value within a year.

However you feel about taxes and the Internal Revenue Service, odds are you’ve at least been tempted to find ways to pay less than the IRS seems to...

The Internal Revenue Service has updated its regulations on the tax treatment of cash balance plans to include changes made by the Pension Protection Act (PPA).

JPMorgan Funds, the U.S. mutual fund business of JPMorgan Asset Management, has announced that David Kelly will become its Chief Market Strategist.

Stock and bond mutual funds enjoyed a $502 million November asset inflow, according to data from the Financial Research Corporation (FRC).

You can’t make this stuff up.

With concerns about a deepening global credit crisis unabated, major U.S. financial institutions are increasingly turning to sovereign wealth funds for capital infusions.

U.S. lawyers are on track to bring about 58% more shareholder class action cases this year, Reuters reports.

The Trust and Investment Group at Alpine Bank in Rockford, Illinois, has complimented the target retirement fund offerings in their 401(k) platform with their own managed Lifestyle Premier...

The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has partnered with the Treasury and the Financial Literacy and Education Commission to provide resources for financial literacy...

Marsh&McLennan Cos Inc (MMC) has announced it will replace embattled CEO Michael Cherkasky and is evaluating strategies to boost shareholder value.

Vanguard has launched three new index funds that seek to track the MSCI US Large Cap 300 Index, MSCI US Large Cap Growth Index, and MSCI US Large...

Barclays Global Investors (BGI) has announced the launch of the iShares MSCI Japan Small Cap Index Fund on NYSE Arca.

To help financial professionals and their clients face the effects of new 403(b) plan regulations, The Principal has created a comprehensive education program.