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Mutual fund managers to advisers: Don’t abandon underperforming funds
Fund managers, urging financial advisers not to pull client assets out of underperforming funds, painted 2008 as an anomaly at the Morningstar Investment Conference 2009 in Chicago last week.
Now’s not the time for added risk, experts say
Despite the tremendous market losses in the past year, top Morningstar analysts said advisers need to urge their clients not to try and compensate by using riskier strategies such as timing the market.
Stick with good managers despite recession, value manager says
While it’s understandable that investors would want to change portfolio managers given their recent underperformance in today’s troubled markets, vaunted value manager Christopher Davis, of the Davis Funds, managed by Davis Selected Advisers LP of Tucson, Ariz., has laid out an argument for staying the course.
Consumers spending less, but ignoring debt, survey finds
While consumers are cutting back on spending, they are not reducing their debt, making a debt-free retirement that much more elusive, according to a survey released today by Securian Financial Group Inc. of St. Paul, Minn.
ETF giant iShares is going after 401(k) market
Led by the iShares exchange traded fund group, exchange traded funds are poised to break the stranglehold that mutual funds have on 401(k) retirement plans.
Mutual fund investors paid $15.8B in taxes on distributions in ’08
Mutual fund investors paid $15.8 billion in taxes last year for distributions, according to a report released today by Lipper Inc. of New York.
