Sue Asci
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
MFS Investment Management of Boston has named Douglas Bailey as national sales manager for its mutual fund distribution unit, MFS Fund Distributors Inc.
The average emerging-markets-equity fund gained more than 10% in March — outpacing the returns posted by funds that invest in developed countries, according to Lipper Inc.
Job security in the financial sector is still a precarious proposition, but the worst may be over, said Marisa DiNatale, a senior economist at Moody’s Economy.com, a division of Moody’s Analytics Inc. of West Chester, Pa.
Investors are moving money away from cash and into emerging-markets equity funds and high-yield bond funds, according to Emerging Portfolio Fund Research Inc., a Cambridge, Mass. based research firm.
Among the firms that are planning new products, the top types of offerings are retirement income products, alternative investment products and global asset allocation products.
Financial firms — whether they are receiving funds from the Troubled Asset Relief Program or not — are grappling with compensation and bonus issues in the down market.
Eight out of the 10 best-performing bond funds during the three-month period ended March 30 were municipal bond funds, according Lipper Inc. of New York.
As OppenheimerFunds Inc. makes changes in its investment management structure, the fund firm announced the creation of several new positions and a departure.
Massachusetts Secretary of the Commonwealth William Galvin today charged Fairfield Greenwich Advisors LLC and Fairfield Greenwich (Bermuda) Ltd. with fraud in connection with the Bernard Madoff investment scandal.
Foundation giving went up in 2008, but is expected to decline this year, according to a survey released today by the Foundation Center.
