The Rydex AdvisorBenchmarking Inc.'s Advisor Confidence Index rose 13% in August to 97.06, from 86.27 in July.
A $241 million award given to the state regarding its takeover of the now-defunct Executive Life Insurance has been overturned.
Five firms are said to have expressed interest in buying a stake in Lehman's investment management business.
Industry insiders believe that the ETF slowdown is little more than a bump in the road and attributable more to sour markets than exchange traded funds themselves.
The exchange traded fund world got a little more exciting this year with the introduction of the first truly actively managed ETFs.
A generous portion of commodities and no exposure to financial services company stocks was the recipe for success among equity managers for the 12-month period ended June 30, according to Morningstar Inc.'s separate-account/commingled-fund database.
Exchange traded notes — close cousins to exchange traded funds — are starting to catch on with some financial advisers because they allow access to hard-to-reach markets.
The boom in exchange traded funds appears to have come to an end.
Portfolio managers who battened down their hatches for credit market squalls, falling U.S. rates and a sagging greenback led the ranks of fixed-income performers for the 12-month period through June 30, according to Morningstar Inc.'s separate-account/commingled-fund database.
In the biggest shakeout thus far, 25 exchange traded funds already have closed this year, indicating that this fast-growing sector of the fund industry may be settling down.
