Federated Investors Inc.'s pending acquisition of $5 billion in money market fund assets from Fifth Third Bancorp could be just the beginning of a spending spree.
Fifth Third Bancorp announced on Thursday that it is selling its money-market fund operations. Given that scale is crucial in a business currently crimped by low-interest rates and a regulatory clampdown, you can bet more regional banks will follow suit.
Fund giant reduces expense ratios on its $21 billion emerging-markets fund, five others
Will bring in its own team as replacement; another loss for giant fund firm
The late Howard Schow co-managed the $30 billion Vanguard Primecap fund since its inception almost 30 years ago
Analyst also blasts high management turnover and use of proprietary funds
Named best large equity fund company; Nuveen and GuideStone take home top awards
Mark Schultz, manager of the Wilmington Mid Cap Growth Fund, goes back to the basic with these two stocks.
SEC regulations threaten the viability of money market funds, says Pennsylvania GOP Senator Pat Toomey
Sparks are already flying from the SEC's release of proposed reforms to money market funds, which are expected sometime within the next few weeks.
