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IXIS vaults onto list of top-selling fund firms
IXIS Asset Management Distributors LP, which saw its main sales channel dry up in 2000, has stemmed the tide of outflows and now ranks among the nation’s 10 best-selling mutual fund firms.
Labor Dept. targets 401(k) fee disclosure
As the Department of Labor puts pressure on advisers to make 401(k) fees more transparent, some financial advisers are refunding fees to participants that they are being paid from mutual fund companies.
Record IPO may bring closed-end-fund resurgence
PHILADELPHIA — The successful launch of the closed-end Alpine Total Dynamic Dividend Fund — its initial public offering raised $4.04 billion last month, making it the largest closed-end-fund IPO ever — may signal a resurgence in closed-end funds, industry experts say.
Franklin Resources expanding in India
BOSTON — Franklin Resources Inc., the nation’s fourth-largest mutual fund company, boosted its head count by 229 workers last quarter, with more than 90% of that growth coming from India, where it opened a new facility last month.
Thornburg unveils international fund
Thornburg Investment Management Inc. announced today the introduction of the Thornburg International Growth Fund.
Tax loss harvesting with ETFs out of vogue
Using exchange-traded funds in harvesting losses to offset taxable gains can save investors money. The “tax loss harvesting”…
Volatility sparks new look at market timing
Market timing for the masses — that is the general concept behind a program, to debut as early…
Q&A: CRAIG LITMAN "DO I EAT MY COOKING? ABSOLUTELY"
Craig Litman was a mutual fund junkie before they blanketed Main Street. In fact, Mr. Litman and partner…
