Portfolio

Updated Friday, May 24, 2013 as of 8:12 AM ET

Portfolio

Muni Bond Funds Have 9th Straight Week of Outflows

Tax season has come and gone, yet the run of outflows from municipal bond mutual funds dragged into its ninth straight week.

Muni bond funds that report their flows weekly saw $391 million leave the market for the week of May 1, Lipper FMI numbers showed. The hemorrhaging is up from the week of April 24, when weekly reporting funds saw $102 million in outflows. more »

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Top Treasury Official Defends 401(k) Tax Proposal, FSOC Moves

Further, echoing a theme from Obama's reelection campaign, Miller pointed to a widening gap between the very wealthy and the rest of the population, noting that the proposed modifications to retirement plan taxes would only affect a fraction of 1% of the country. more »

Invesco Profits Rise as Clients Add Money

Invesco, owner of the Invesco, Van Kampen and PowerShares funds, said first-quarter profit rose 15 percent as record client deposits lifted assets. more »

ICI: Bond Funds See Hefty Inflows

Investors plunged back into bond funds with gusto for the week ended April 24, after two consecutive weeks of taking their foot off the petal, according to estimates from the Investment Company Institute. more »

ICI General Membership Meeting 2013

“We are seeing good cyclical improvement,’’ Mary John Miller, Under Secretary for Domestic Finance in the U.S. Department of the Treasury. told the general membership meeting of the Investment Company Institute in its policy forum Wednesday. “Now e need to tackle longer-term structural improvement.’’ more »

Life Stories: Bank of America Merrill Lynch's David Tyrie Discusses His Life

David Tyrie, managing director and head of personal wealth and retirement for Bank of America Merrill Lynch, discusses his 26 years in the securities business. more »

Getting Ready for Rising Rates

Unfettered interest in fixed income has persisted, despite the reality that interest rates will rise. more »

SEC Takes on Structured Notes

Large banks need to provide better information on these complex securities sold to the wealthy, regulator says. more »

Retirement Planning Missteps: Older Clients Need Less Money Management Advice

Starting holistic planning earlier will help preserve boomers' wealth more »

Overcoming a Crisis of Trust

From athletes who abuse illegal substances in order to win to business executives who lie on financial statements to boost profitability, examples of cheating are all around. more »

401(k) Report: Fewer Matches, Fewer Plans

Since 2009, the number of companies that match 401(k) contributions has decreased by almost 7%. more »

Vanguard Cuts Fees on Funds

Vanguard said Monday that it cut the expense ratios on several of its bond mutual funds and ETFs in April. These include three of its popular bond ETFs: the Long-Term Bond Index Fund (BLV), the Intermediate-Term Bond Index Fund (BIV) and the Short Term Bond Index Fund (BSV). Each fund saw its price tag change from 11 bps to 10 bps. more »

Fixed Income ETFs? The Shorter, the Better

Fixed-income exchange-traded funds have made big strides in asset gathering over the past five years, rising from $53.7 billion in 2008 to $229.1 billion by March of 2013, according to Lipper. more »

WisdomTree Reports Record Inflows, Revenues

WisdomTree Investments, an ETF sponsor and asset manager, reported net income of $7.9 million for the first quarter of 2013, up seven times from the year ago quarter and 50% from the fourth quarter of 2012. more »

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