A bill to defer taxation on dividends that are reinvested in mutual funds has received support from the Investment Company Institute.
The Securities and Exchange Commission and the Department of Labor will hold a joint hearing June 18 on the subject of target date funds.
Signaling greater stability in the credit markets, most of the major fund complexes offering Treasury money market mutial funds have discontinued their participation in the federal guarantee program on those funds.
Rates on 30-year mortgages inched downward this week, remaining below 5 percent for the tenth-consecutive week and just above record lows.
Managers have moved to a net underweighted position in bonds for the first time since last August, the survey said.
Toll Brothers Inc. said today its homebuilding revenue dropped by 51 percent in its fiscal second quarter, but the luxury homebuilder sees signs the real estate market is recovering.
A modest rebound in single-family home construction in April raised hopes Tuesday that the three-year slide in housing could be bottoming. But with the supply of unsold homes bulging, foreclosures rising and prices falling, no broad recovery is expected until next spring at the earliest.
Expect lower yields from money market mutual funds in the coming months as a result of reforms being contemplated by the SEC and Investment Company Institute, according to a white paper released this month and announced today by Capital Advisors Group Inc. of Newton, Mass.
First-quarter earnings report by Lowe's boosted hopes among investors that the worst of the U.S. recession is over.
Citing a growing interest in options trading, Charles Schwab & Co. Inc. today announced the launch of more-advanced options-trading tools, including screening capabilities and historical-options-price charts for its traders.
The Putnam Capital Spectrum Fund (PVSAX) and Putnam Equity Spectrum Fund (PYSAX) will invest in a range of securities, including stocks, bonds, bank loans and convertible securities.
<i>InvestmentNews</i> interview with William M. Thomas, chief executive of Grail Advisors LLC, who discusses his new venture into launching their first active exchange traded fund and Grail's on-deck plans. Plus get an overview of the state of active ETFs and find out whether advisers think their future is bright.
Having slashed its equity index fund fees, Charles Schwab Investment Management Inc. is hoping to undercut its rivals in an attempt to take away index fund assets.
The evening of Sept. 15 was the worst of Bruce Bent II's career.
The market's recent rally is likely to be short-lived.
With the battered performance of its bond funds creating a financial nightmare for investors, OppenheimerFunds Inc. is fighting to rebuild its image and win back the confidence of financial advisers — a job that will likely take years, industry experts said.
Germany saw output plunge by 3.8% as demand for its cars and factory machinery collapsed.
Investors poured billions into emerging-markets stock funds this week, continuing a 10-week trend of inflows for the category worldwide, according to a report released by Emerging Portfolio Fund Research Inc.
MacroMarkets LLC announced today the termination of the MacroShares $100 Oil Up Trust (UOY) and the MacroShares $100 Oil Down Trust (DOY), due to assets on deposit falling to less than $50 million.
MBIA Inc. is the target of a lawsuit by a group of 18 financial institutions claiming that the bond insurer's separation of its businesses early this year was fraudulent, The Wall Street Journal said Wednesday.
