The Malvern, Pa.-based fund firm will merge the $6.7 billion Vanguard Treasury Money Market Fund (VMPXX) into the lower-cost $21.8 billion Vanguard Admiral Treasury Money Market Fund (VUSXX).
The reductions are being made across all companies and departments among the firm’s 9,000 employees, said Chuck Freadhoff, spokesman for American Funds.
Pacific Investment Management Co. LLC today launched its first exchange traded fund and filed with the Securities and Exchange Commission to offer six more.
The Reserve Management Co. of New York has announced that the liquidation of the Reserve U.S. Treasury Fund (RUTXX) and distribution concluded May 29.
The expected reduction in front-end sales charges by large mutual fund companies may help stimulate sagging sales for Section 529 college savings plans.
DWS Investments is lowering sales charges and break points on some of its mutual funds, a move that could foreshadow industrywide price cutting to attract disillusioned investors, according to observers.
The Securities and Exchange Commission is considering a list of regulations for money market funds that goes far beyond proposed reforms issued in March by the Investment Company Institute.
Actively managed exchange traded funds are finally starting to trickle into the market.
As might have been expected, the extreme nature of the economic downturn continues to spawn ways for investors to navigate the financial markets.
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.
Federated Investors Inc. announced today that the firm has reached a definitive agreement to acquire $233 million in assets of two of Cincinnati-based Touchstone Investments’ mutual funds.
With many managers failing to generate strong returns, trading costs are harder for investors to stomach.
Two-thirds of investors believe that target date funds need to be combined with other funds to achieve a proper mix for their retirement portfolios, a white paper released yesterday by Janus Capital Group Inc. of Denver suggests.
Morningstar Inc. will launch ratings and research reports on target date fund series in the third quarter, according to John Rekenthaler, the firm's vice president of research.
Mutual fund expense ratios declined in 2008 for the fourth consecutive year, seeing an average reduction of 0.036% industrywide, according to a report by New York-based research firm Lipper Inc.
Investors poured money into equity mutual funds, including exchange traded funds, in April in a reversal from the previous month, when those funds experienced net outflows, according to a report released yesterday by Financial Research Corp. of Boston.
Financial advisers who handle retirement plans have noted that plan sponsors are now very much aware of the performance of target date funds. But sponsors don't really understand the reason for the performance, according to 76% of advisers polled by my firm.
The Obama administration's strategy to ad-dress the economic crisis may be making the problem worse.
Mutual funds that invest in technology stocks are producing great returns — a sign that the market in general is improving, some say — and investors are starting to respond.
