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?
Five of the seven top-performing target date funds are composed of only proprietary funds, according to a report released today.
Invesco Ltd. is likely to keep intact most of the Morgan Stanley/Van Kampen operations <a href= http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091019/FREE/910199972/1022/ONLINENEWS >which it said last night that it will acquire for $1.5 billion</a> — although some changes to the $119 billion retail money management business it's buying are expected — Martin Flanagan, president and chief executive of Invesco, said in an interview with InvestmentNews.
Since many low-quality, high-beta companies have "rallied too much," Mr. Rady is currently looking for overvalued firms to short.
The technology sector is white hot these days. If you're not buying it, just look at the Nasdaq, which has been leaving the other indexes swimming in its wake.
Rankings and data through Mar. 15, 2010, according to <a href=http://www.Morningstar.com>Morningstar.com</a>
