Securities and Exchange Commission Chairman Mary Schapiro has called on Congress to allow broker-dealers to compete on commissions they charge when they sell mutual fund shares.
Construction of new U.S. homes rose in June to the highest level in seven months, a sign builders are starting to regain confidence as they emerge from the housing bust.
The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills.
Investors returned to mutual funds en masse during the second quarter, but appear to be proceeding with caution when it comes to riskier funds, according to a new report from Strategic Insight Mutual Fund Research and Consulting LLC.
The stock rally that begin in March boosted target date funds to an average return of 15.5% in the second quarter, ending a dismal string of six negative consecutive quarters, according to a report released today.
Investors shook off some of their caution in this year's second quarter amid a rising market, shifting the largest amount into stock and bond mutual funds in more than two years, a fund industry consultant reported today.
Residential real estate prices gained 1.6% in May, representing the largest one-month increase since July 2005, according to an analysis by Integrated Asset Services in Denver.
Global hedge fund assets will return to their 2007 peak level of $2.9 trillion by 2013, according to the latest research from Cerulli Associates Inc. in Boston.
Last month, 15 bond issuers were downgraded to speculative grade (BB+ and lower) from investment grade (BBB- and higher), the third-highest monthly tally of “fallen angels” since Standard & Poor's Financial Services LLC began keeping track in 1987, according to a report today from the New York-based rating agency.
Investors should prepare for a roller-coaster ride for the rest of the year as equity markets struggle to make headway.
The chairman of the House Financial Services Committee says that Congress will substantially increase the power of government regulators to monitor derivatives, a type of financial instrument that contributed to the U.S. economic turmoil.
Ameriprise Financial Services Inc. of Minneapolis has agreed to pay $17.3 million to settle charges that it received nearly $31 million in undisclosed compensation for selling its brokerage customers real estate investment trusts between 2000 and 2004, the Securities and Exchange Commission announced today.
Hatteras Funds has entered into an agreement to acquire Alternative Investment Partners LLC, which manages the AIP Mutual Funds.
Shareholders of 13 Fidelity funds will vote next week on a non-binding resolution that asks the funds' boards of trustees to establish a policy of so-called genocide-free investing.
The hedge fund industry experienced gains in the first half of the year, according to data released today by Hennessee Group LLC of New York.
Private-equity firms continue to struggle to raise funds as the recession wears on, according to a report today in the Dow Jones Private Equity Analyst newsletter.
Non-profit organizations are embracing target date funds and a majority of 403(b) plan sponsors have begun offering these funds in their plans, a study released today showed.
While new mutual fund launches are lagging last year's total, fund firms continue to introduce new products, even in the down market.
Venture capital investments in green technologies rebounded in the second quarter, according to a report released by Greentech Media Inc., a Cambridge, Mass.-based online media and research firm.
