A case involving how mutual fund management advisory fees are charged will be heard by the U.S. Supreme Court this fall and could result in lower fees for shareholders.
Sales of variable annuities fell in the fourth quarter as premium flows hit $33.3 billion, according to data from NAVA Inc.
A full 20% of the hedging shops that blew up last year were feeder funds for Bernie’s Ponzi scheme that thought they were overseeing $16 billion. They weren’t.
<b>Situation:</b> Under the new tax act, a hefty cash refund is available to so-called “first-time” home buyers.
Most Americans and Europeans would rather see the construction companies bailed out than the banks or car manufacturers, according to a recent survey conducted by the Financial Times of London and Harris Poll.
The Federal Reserve announced Wednesday it will spend up to $300 billion over the next six months to buy long-term government bonds, a new step aimed at lifting the U.S. out of recession by lowering rates on mortgages and other consumer debt.
The Investment Company Institute is proposing sweeping changes to restore confidence in the $3.9 trillion money market mutual fund industry.
Insurer Conseco Inc. said Tuesday it will miss its planned filing date for 2008 financial results with the Securities and Exchange Commission.
Iowa Sen. Charles Grassley suggested that AIG executives should accept responsibility for the collapse of the insurance giant by resigning or killing themselves.
More layoffs are expected at American Funds this year, although the announcement will not be finalized until June.
Investors who are still awaiting payouts from Reserve Management Co. Inc. — the New York-based firm whose $63 billion money market fund "broke the buck" last year — appear to be taking matters into their own hands.
Individuals who invest for themselves — without the help of a financial adviser — show more awareness and commitment to exchange traded funds than their adviser-directed peers.
An investor has filed a class action against Prudential Financial Inc. and a slate of its executives, alleging that the insurer violated federal securities laws in a June 2008 public offering of junior subordinated notes.
The Vanguard Group Inc. led all mutual fund companies in sales last year, according to new data from Financial Research Corp.
Janus Capital Group Inc. yesterday said that its trustees approved a proposal to merge its two retail-fund series.
E*Trade Financial Corp. today announced the launch of a series of online tools aimed at helping its customers select fixed-income products.
A key gauge of homebuilders' confidence remained near historic lows in March, as builders saw a drop in prospective homebuyers visiting model homes amid rising job losses and economic fears, according to a survey released Monday.
Federated Investors Inc. of Pittsburgh today announced the launch of three mutual funds.
Five closed-end mutual funds advised by Pacific Investment Management Co. will redeem an additional $225 million in illiquid auction rate securities.
As exchange traded funds gain in popularity, more financial advisers are building model ETF portfolios for use by other advisers.
