Mutual Funds

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MUTUAL FUNDS JUN 05, 2011
Sharat Shroff: All India, all the time not for the faint of heart

If one can make the case for investing in a dedicated India fund, then the Matthews India Investor Fund (MINDX), managed by Sharat Shroff, might be a good one to pick

By Jeff Benjamin
MUTUAL FUNDS JUN 05, 2011
A. Douglas Rao: Launched for insiders, fund's an outperformer

The Marsico Flexible Capital Fund was, in part, born of necessity

By Andrew Osterland
Morningstar exec Laura Lutton: Stick with cheaper funds
MUTUAL FUNDS JUN 03, 2011
Morningstar exec Laura Lutton: Stick with cheaper funds

Managers who charge higher expenses take more chances to make up the difference, says Laura Lutton

By Jeff Benjamin
12(b)-1 ruling eases fund firms', B-Ds' worries — for now
MUTUAL FUNDS JUN 01, 2011
12(b)-1 ruling eases fund firms', B-Ds' worries — for now

A federal judge dismissed a suit claiming brokers are investment advisers because they receive marketing fees. But the decision is likely to be appealed. So what's at stake? A reversal in the decision could cost fund companies billions -- and force brokers to dually register.

By Jessica Toonkel
MUTUAL FUNDS JUN 01, 2011
New CEO for Evergreen Investments

Peter Cieszko, current president of global distribution, will be named to the position, replacing Dennis Ferro.

By Bloomberg
Six percent on checking? It's a 'slam-dunk' for yield seekers
MUTUAL FUNDS MAY 31, 2011
Six percent on checking? It's a 'slam-dunk' for yield seekers

Yield-seekers take note: a survey by Bankrate found dozens of financial instutions that offer accounts with extremely high interest rates. And no, they're not jumbos.

By John Goff
MUTUAL FUNDS MAY 29, 2011
Legg Mason's woes raise doubts about future

Given the continuing exodus of its sales executives, struggles with fund outflows and an unexpected $74 million in compensation-related expenses disclosed this month, Legg Mason Inc. has many doubting that it will hit its goal of increasing operating margins to 30% by early next year

By Jessica Toonkel
MUTUAL FUNDS MAY 25, 2011
Absolute-return funds raise questions of risk

By Jessica Toonkel
New fund from 361 Capital is built to ride out volatility
ALTERNATIVES MAY 25, 2011
New fund from 361 Capital is built to ride out volatility

Hedging the risks of the stock market means taking the stock market out of the equation for Tom Florence, manager of the 361 Absolute Alpha Fund.

By Jeff Benjamin
MUTUAL FUNDS MAY 25, 2011
Whistle-blower rule is winning few fans

Mutual fund companies are bracing for the expected passage this month of a proposed Securities and Exchange Commission rule that they say would completely undermine their internal compliance processes

By Jessica Toonkel
FBR cuts ratings on Franklin Resources, Legg Mason
MUTUAL FUNDS MAY 24, 2011
FBR cuts ratings on Franklin Resources, Legg Mason

Fund firms' reliance on faltering fixed-income sector a concern, analyst says

By Jessica Toonkel
In bond investing, it pays to be an individualist
MUTUAL FUNDS MAY 23, 2011
In bond investing, it pays to be an individualist

With almost no place for interest rates to go but up, the distinction between individual bonds and mutual funds that invest in bonds is becoming increasingly important.

By Fred Gabriel
MUTUAL FUNDS MAY 23, 2011
Upbeat asset managers step up sales hiring

Mutual fund companies are beefing up their sales departments, a sure sign of optimism in an industry that was hit hard by the financial downturn

By Jessica Toonkel
MUTUAL FUNDS MAY 23, 2011
Top 10 muni funds with non-rated bonds

By Mark Bruno
MUTUAL FUNDS MAY 23, 2011
Nuveen, Prudential prep for new fund launches

Nuveen Investments Inc., the asset manager owned by Madison Dearborn Partners LLC, plans to start a fund to buy corporate debt, the firm said in a prospectus filed today with the U.S. Securities and Exchange Commission.

By Bloomberg
MUTUAL FUNDS MAY 23, 2011
Muni bond funds drop, investors bail for first time in months

Open-end U.S. municipal-bond funds dropped an average 3.7 percent in the past month as investors withdrew money for the first time in seven months.

By Bloomberg
Morningstar hikes rating on JPMorgan's target date series
MUTUAL FUNDS MAY 22, 2011
Morningstar hikes rating on JPMorgan's target date series

Pointing to improvements in corporate culture and stewardship grades, Morningstar Inc. has raised its ratings for J.P. Morgan Asset Management's SmartRetirement target date funds.

By Darla Mercado
ALTERNATIVES MAY 20, 2011
Arrow aims to jump into alternatives ETF sector

Entering mostly uncharted waters; 'not an easy place to be fishing for assets'

By Jessica Toonkel
ETFS MAY 20, 2011
A subadviser to Grail aims to enter active-ETF market itself

In the wake of the announcement that Columbia Management Investment Advisers LLC will buy Grail Advisors LLC, one of Grail's partners is still making plans to go it alone with active ETFs

By Jessica Toonkel
RETIREMENT PLANNING MAY 20, 2011
AllianceBernstein loses DC veteran to Russell

Davies latest in a series of of top execs who've left the financial firm since CEO change in 2008

By Doug Cubberley