The Markets

Mutual Fund Assets Drop 5% in June

The combined assets of the nation's mutual funds decreased by $612.42 billion, or 5%, to $11.678 trillion in June, according to the Investment Company Institute (ICI).

Pax Fined $500k in SRI Violations Case

A New Hampshire socially responsible investment (SRI) money manager has agreed to a $500,000 settlement with federal regulators in charges it improperly bought securities despite its own SRI...

HNW Investors Report Hedge Fun

Wealthy Americans expressed more satisfaction with their alternative investments than traditional investments over the last 12 months, according to a Bank of America survey.

ETF Assets Drop in June

The combined assets of the nation's exchange-traded funds (ETFs) were $578.07 billion in June, dropping 5.3%, according to the Investment Company Institute (ICI).