In what advisers say is a flight to safety and returns, municipal bond funds attracted more than $20 billion in new cash from January through May 13, according to the Washington-based Investment Company Institute.
A bill to defer taxation on dividends that are reinvested in mutual funds has received support from the Investment Company Institute.
The Securities and Exchange Commission and the Department of Labor will hold a joint hearing June 18 on the subject of target date funds.
Signaling greater stability in the credit markets, most of the major fund complexes offering Treasury money market mutial funds have discontinued their participation in the federal guarantee program on those funds.
Expect lower yields from money market mutual funds in the coming months as a result of reforms being contemplated by the SEC and Investment Company Institute, according to a white paper released this month and announced today by Capital Advisors Group Inc. of Newton, Mass.
The Putnam Capital Spectrum Fund (PVSAX) and Putnam Equity Spectrum Fund (PYSAX) will invest in a range of securities, including stocks, bonds, bank loans and convertible securities.
<i>InvestmentNews</i> interview with William M. Thomas, chief executive of Grail Advisors LLC, who discusses his new venture into launching their first active exchange traded fund and Grail's on-deck plans. Plus get an overview of the state of active ETFs and find out whether advisers think their future is bright.
Having slashed its equity index fund fees, Charles Schwab Investment Management Inc. is hoping to undercut its rivals in an attempt to take away index fund assets.
The evening of Sept. 15 was the worst of Bruce Bent II's career.
With the battered performance of its bond funds creating a financial nightmare for investors, OppenheimerFunds Inc. is fighting to rebuild its image and win back the confidence of financial advisers — a job that will likely take years, industry experts said.
MacroMarkets LLC announced today the termination of the MacroShares $100 Oil Up Trust (UOY) and the MacroShares $100 Oil Down Trust (DOY), due to assets on deposit falling to less than $50 million.
Exchange traded funds have fared relatively well during the financial crisis, but haven’t been immune to market volatility.
Investors pulled $87.6 billion out of stock, bond, mixed-equity and money market mutual funds in March, the highest net redemption total since September 2008, according to a report released today by New York-based Lipper Inc.
The average yield for money market mutual funds hit a record low in April, according to Crane Data LLC.
Turner Investment Partners Inc. today announced the launch of a mutual fund that will invest in six long-short equity strategies.
Executives of Neuberger Berman Group LLC, now running the $155 billion money manager as an independent firm, plan to share some of their institutional-only investment strategies with investment advisers and individuals for the first time.
Sales of mutual funds through brokers and financial advisers continued to shift toward fee-based compensation last year, while the trend toward fee-for-advice distribution accelerated, according to a study released last week by Strategic Insight Mutual Fund Research and Consulting LLC.
Some industry observers are questioning whether an endowment model of investing — as popularized by the Yale University endowment fund — should be used for individual investors.
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.
Employees don't understand target date funds, and that could spell trouble for employers.
