In a bid to boost its lagging fund performance, Putnam Investments of Boston announced today that they are merging six equity funds, moving away from team management and firing 12 portfolio managers.
Politics isn't the only place where people are opting for change.
As we wade through the fallout from the credit crisis, it is easy for investors to be fearful instead of seeing long-term opportunities.
Sensing an opportunity when a new administration and Congress take over in January, the Section 529 college savings plan industry is pushing for an expansion of current rules and regulations governing the programs.
Despite the wild markets, investors are not abandoning stock mutual funds.
The pain and suffering spreading across the global financial markets has translated into a bonanza of opportunities for the relatively obscure corner of the alternatives space known as the managed-futures industry.
Investors are shifting away from mutual funds toward certificates of deposit, variable annuities and exchange traded funds, according to a study that will be released next month.
Those with poor credit scores might be deadbeats.
Automatic enrollment of employees into defined contribution retirement plans such as 401(k)s has grown so quickly that more than half of employers now offer it to their employees, according to a new study.
Small- and mid-size record keepers that administer 401(k) programs for providers are concerned that a plan to ensure that mutual funds are not being "market timed" will be so expensive to oversee as to put some of them out of business.
