As the third quarter ends, the performance of many mutual funds confirms that investors have regained their taste for risk amid more signs of an economic recovery.
The Mutual Fund Store LLC, a registered investment adviser with $4.3 billion of assets gathered from offices across the country, announced today it was rolling out a service that provides retirees with a steady income.
Emerging-markets equity and bond funds, along with global bond funds, experienced substantial inflows over the last week, an indication that investors are now moving farther out on the risk curve, according to a report from Emerging Portfolio Fund Research Inc.
A money-market mutual fund that held more than $60 billion before it notoriously <a href=http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081029/REG/810299994&ht=bruce%20bent>”broke the buck"</a> a year ago said Wednesday it will hand out $1 billion in a fifth distribution to investors from the fund's remaining assets.
Lord, Abbett & Co. LLC is exiting the business of offering bundled 401 (k) plans — and has agreed to transition its nearly $1.2 billion in 401(k) assets to The Hartford Financial Services Group Inc.
Massachusetts Secretary of the Commonwealth William Galvin's Division of Securities sent a letter yesterday to Judge Paul Gardephe of the U.S. District Court for the Southern District of New York to oppose any proposals to “claw back” money from investors in The Reserve Primary Fund who withdrew their investment just prior to the fund's closure.
Putnam Investments of Boston today tweaked its slate of target date funds, and unveiled a new hybrid strategy across its platform of retirement fund offerings.
Despite the challenges of the epic market downturn of 2008, the $1.1 billion Hussman Strategic Total Return Fund delivered a positive return last year.
When the Pimco Total Return Fund finished 2006 up 3.7% — trailing the 4.2% average gain of its intermediate-term-bond peer group — tongues started wagging that legendary portfolio manager William Hunt Gross may have lost his magic touch.
Not many mutual fund managers have a 19-year tenure on a fund, and only a handful of them were able to outperform their peers in all three major bear markets of the past two decades.
Managed-payout funds designed to give retirees a steady stream of income landed with a thud when they were introduced ahead of the stock market's swoon, but some mutual fund companies are seeking to breathe new life into the concept.
When it comes to picking a target date fund, the instruction manual seems simple enough.
Tom Forester, manager of the Forester Value Fund, will bring into the fourth quarter a cautiously optimistic perspective that will include a bit of his trademark profit-taking from some of the portfolio's best performers.
The Department of the Treasury's temporary guarantee program for money market funds will conclude today, one day after the ICI reported a jump in money fund outflows this week.
Total money market mutual fund assets fell by $62.6 billion to $3.482 trillion for the week, the Investment Company Institute said Thursday.
AdvisorShares Investments LLC launched its first exchange-traded fund today: the actively managed AdvisorShares Dent Tactical ETF.
Investment managers are close to making up the ground they lost in the second half of 2008 when investors pulled $251 billion out of mutual funds, according to data released today by Morningstar Inc.
Many consumers see value in investing in mutual funds no matter how bad the economy is, organizers of a unique road race have found.
Treasury inflation-protected securities are the underlying investments of two managed-payout funds launched last Tuesday by Pacific Investment Management Co. LLC that are designed to provide retirees with systematic income distributions — a strategy so unique that Pimco has filed for patent protection.
