U.S. equity mutual funds and exchange-traded funds posted a seventh straight week of inflows — their longest winning run since a nine-week stretch that ended in the forth quarter of 2004 — according to data released today by EPFR Global, an industry data provider.
The Securities and Exchange Commission will reassess the 12(b)-1 fees collected by brokers as compensation for selling and servicing mutual funds, SEC Chairman Mary Schapiro said today.
These ten funds have out-performed in one of the most talked about sectors
Nuveen Investments Inc., the asset manager owned by Madison Dearborn Partners LLC, agreed to buy the stock and bond funds of U.S. Bancorp's FAF Advisors unit for $80 million in cash and a 9.5 percent stake in Nuveen.
Mr. Wordell believes credit issues are declining and an improving economy will help financial firms develop more operating leverage, while the appeal of the industrial sector follows the theme of a “massive global infrastructure spend-out over the next 20 years.”
Several Supreme Court justices seemed unsympathetic Monday to calls for the courts to get involved in reining in what investors are calling "excessive" fees on mutual funds, a popular investment vehicle for millions of Americans.
Financial advisers said they agreed with several Supreme Court justices <a href= http://ciedit.cr.atl.publicus.com/apps/pbcs.dll/article?AID=/20091102/FREE/911029952/1022/ONLINENEWS> who appeared to suggest during oral arguments yesterday that the Securities and Exchange Commission</a> — and not the courts — should ultimately decide when mutual fund fees are excessive.
AllianceBernstein LP named Sharon Fay, a 20-year company veteran, chief investment officer of equities to replace Lisa Shalett.
While emerging markets have seen a great run in the past year, Janus and Causeway representatives said they believe some of the best investing opportunities going forward are in global funds, those that invest both in the United States and emerging markets.
The mutual fund industry has long been dominated by a handful of companies, but continuing fallout from the recent market downturn and other structural factors have created opportunities for nimbler, smaller companies to gain more business.
About 800 mutual funds that were affected by some illegal market-timing activities of brokers at Prudential Equity Group LLC will receive a distribution of $185 million as part a settlement Prudential reached with the Securities and Exchange Commission.
Jerry Thunelius takes four of his fixed-income-unit members with him; were they operating in Pimco's shadow?
Although the selection of a bond fund executive to lead equity-oriented Janus Capital Inc. stunned industry watchers last week, Richard M. Weil — the former Pimco chief operating officer — may be just what the $152 billion fund company needs.
John Hancock Funds LLC and MFS Investment Management have separately made changes to their compensation programs to encourage wholesalers to diversify the funds they sell and the advisers to whom they sell them.
With regulators and lawmakers continuing to scrutinize the blowup of target date funds in 2008, AllianceBernstein LP is adding a component to its lineup of target date funds aimed at managing market volatility better.
With regulators and lawmakers continuing to scrutinize the blowup of target date funds in 2008, AllianceBernstein LP is adding a component to its lineup of target date funds aimed at managing market volatility better.
Funds also saw higher flows due to investors' improving confidence in the market, and target-date funds' popularity as a qualified default investment option in 401(k) plans
Which bond funds are producing equity-like returns this year?
