The move followed the emergency action announced yesterday by the Securities and Exchange Commission temporarily prohibiting short sales of shares of certain financial companies.
The Department of the Treasury announced today that for the next year, it will insure the holdings of any publicly offered eligible money market mutual fund that pays a fee to participate in the program.
The BNY Mellon’s $22 billion Institutional Cash Reserves fund (ICRF) “broke the buck,” falling in value to $0.991 per share on Sept. 16, Bloomberg reported today.
Putnam Investments today announced the shuttering of its institutional Putnam Prime Money Market Fund (PPMXX) as of 5 p.m. ET yesterday.
The nation’s oldest money market mutual fund, The Reserve Primary Fund (RPRXX), fell below $1 in net asset value yesterday because of its exposure to debt from Lehman Brothers Holdings Inc.
Companies involved in the operation of toll roads, airports and seaports represent a new asset class, according to some industry experts.
Clearly, some mutual fund managers saw the writing on the wall.
As the market pushed Lehman Brothers Holdings Inc. into a fire sale last week, some financial advisers and registered representatives said they were sticking with Lehman's storied investment management division, Neuberger Berman, at least for now.
Two new ETFs were launched during the month, bringing the total number of ETFs in the United States to 710.
Efficient Market Advisors LLC of Del Mar, Calif., announced today the launch of the first 403(b) retirement program offering professionally managed portfolios of exchange traded funds.
Grail Advisors LLC of San Francisco intends to enter the defined contribution market by offering actively managed, transparent equity exchange traded funds, said William Thomas, chief executive of the firm.
When you trade exchange traded funds, you can choose from two primary types of entries, depending on the chart pattern of the actual trade setup.
They may be gaining in popularity, but exchange traded funds are far from the perfect product.
The proliferation of mutual funds that rely on computers to select stocks is coming to an end.
Even as it labors to gain visibility, Natixis Global Asset Management LP is forging ahead with plans to make acquisitions, particularly of firms that offer alternative investments.
Van Eck Associates Corp. today launched the first global-hard-assets exchange traded fund — Market Vectors-RVE Hard Assets Producers (HAP).
Munder Capital Management Inc. has announced plans to exit the money market mutual fund business.
Henderson Global Investors, the Hartford, Conn.-based unit of Henderson Global Investors Ltd. of London, has launched the Henderson Industries of the Future Fund.
