Mutual fund companies are bracing for the expected passage this month of a proposed Securities and Exchange Commission rule that they say would completely undermine their internal compliance processes
Fund firms' reliance on faltering fixed-income sector a concern, analyst says
With almost no place for interest rates to go but up, the distinction between individual bonds and mutual funds that invest in bonds is becoming increasingly important.
Mutual fund companies are beefing up their sales departments, a sure sign of optimism in an industry that was hit hard by the financial downturn
Nuveen Investments Inc., the asset manager owned by Madison Dearborn Partners LLC, plans to start a fund to buy corporate debt, the firm said in a prospectus filed today with the U.S. Securities and Exchange Commission.
Open-end U.S. municipal-bond funds dropped an average 3.7 percent in the past month as investors withdrew money for the first time in seven months.
Pointing to improvements in corporate culture and stewardship grades, Morningstar Inc. has raised its ratings for J.P. Morgan Asset Management's SmartRetirement target date funds.
Entering mostly uncharted waters; 'not an easy place to be fishing for assets'
In the wake of the announcement that Columbia Management Investment Advisers LLC will buy Grail Advisors LLC, one of Grail's partners is still making plans to go it alone with active ETFs
Davies latest in a series of of top execs who've left the financial firm since CEO change in 2008
Index specialist Vanguard has set it sights on the ETF market in Europe. BlackRock, already the king of the continent, awaits.
Janus Capital Group Inc. has issued a statement clarifying that it isn't a target in the current insider trading probe, despite having <a href= http://www.investmentnews.com/article/20101124/FREE/101129976>received a subpoena last week as part of the investigation</a>.
More than one-third of financial advisers surveyed are holding off on investing in any funds managed by Wellington Capital Management and Janus Capital Group Inc. until they are cleared of any wrongdoing in a recent insider-trading probe, according to an online survey conducted this week by InvestmentNews.
Mutual funds' ties to so-called expert networks that have been probed as part of an insider trading investigation may undermine efforts by the industry to stem three years of client withdrawals from stock funds.
Federal Deposit Insurance Corp. Chairman Sheila Bair considers money market mutual funds “destabilizing” to the financial system and thinks investors would be served just as well if share prices floated
Because past performance is no guarantee — or even an indication — of future results, it would make sense to pick a fund on criteria other than past performance
The SEC has hired a former Janus Capital Group Inc. portfolio manager to help oversee the $2.8 trillion money market fund industry, a new position.
For 11 years, John Kinnucan was a stock analyst, digging information out of low-level contacts in the computer industry and selling it to clients.
Portfolio manager turnover at Fidelity Investments is higher than at its peers and may be a red flag about how things are going at the firm, according to an article posted on Morningstar.com today by analyst Christopher Davis.
