Sales flourishing; meanwhile funds with upfront charges seeing mass exodus
Professional portfolio managers will oversee fund developed by scion of undersea star
Study shows institutional investors have moved beyond thinking 'active or passive' when using ETFs; a learning moment?
Purchases minority stake in Canadian asset manager Hexavest
RS growth fund splits investments between companies that are promising, developing and proven; fund up 7.4% this year
Mary Schapiro insists that money-market funds need more reforming. Her most likely plan: eliminating the artificial $1 share peg. But the money fund industry is pulling out all the stops in a desperate bid to stop the SEC chairman. And sources say the fund firms may be winning the fight.
Investors can say goodbye to $1 shares of money market funds and hello to $100 or even $1,000 shares — if the SEC requires the funds to float their net asset value, according to one ICI official.
Fidelity Investments is the latest financial firm to fire a shot across the Securities and Exchange Commission's bow regarding money market funds.
Quietly, JP Morgan has built a booming stock and bond fund business; tuning in to 'Dr. Kelly'
The Vanguard Group Inc. is dramatically stepping up its efforts to court financial advisers by doubling the number of sales reps who work with advisers.
Advisers seeking higher yields than money markets can offer
