Fidelity Investments said that it will reopen the Fidelity Diversified International Fund (FDIVX) and the Fidelity Small Cap Stock Fund (FSLCX) to new investors March 30 and launch the Fidelity Global Commodity Stock Fund on March 31.
Hennessy Advisors Inc. today launched two large-cap funds after acquiring the assets of two funds with combined assets of $158 million from Voyageur Asset Management Inc.
Reacting to asset declines from the market downturn, The Vanguard Group Inc. is increasing expense ratios.
The possibility that Barclays' iShares exchange traded fund business could be sold to another big ETF provider, reducing competition by creating an industry behemoth, is worrying advisers.
Janus Capital Group Inc. paid its chief executive $7 million in 2008, including a bonus, which represents a 27.8% pay cut from the previous year, according to a proxy statement filed with the Securities and Exchange Commission yesterday.
The Vanguard Group Inc. is offering what it says is the first of its kind: a fund that offers exposure to small-cap stocks in both emerging and developed markets outside the United States.
A case involving how mutual fund management advisory fees are charged will be heard by the U.S. Supreme Court this fall and could result in lower fees for shareholders.
The Investment Company Institute is proposing sweeping changes to restore confidence in the $3.9 trillion money market mutual fund industry.
More layoffs are expected at American Funds this year, although the announcement will not be finalized until June.
Investors who are still awaiting payouts from Reserve Management Co. Inc. — the New York-based firm whose $63 billion money market fund "broke the buck" last year — appear to be taking matters into their own hands.
Individuals who invest for themselves — without the help of a financial adviser — show more awareness and commitment to exchange traded funds than their adviser-directed peers.
The Vanguard Group Inc. led all mutual fund companies in sales last year, according to new data from Financial Research Corp.
Janus Capital Group Inc. yesterday said that its trustees approved a proposal to merge its two retail-fund series.
Federated Investors Inc. of Pittsburgh today announced the launch of three mutual funds.
Five closed-end mutual funds advised by Pacific Investment Management Co. will redeem an additional $225 million in illiquid auction rate securities.
As exchange traded funds gain in popularity, more financial advisers are building model ETF portfolios for use by other advisers.
Believing that the financial oracles may have lost their gifts, many advisers appear unwilling to tie their fortunes to the investment acumen of such big-name investors as Warren E. Buffett and Bill Miller.
On Saturday, the granddaddy of mutual funds — the Massachusetts Investors Trust Fund (MITTX) — will celebrate its 85th birthday.
Total assets in exchange traded funds fell $45 billion last month, to $451 billion, according to data released today by State Street Global Advisors of Boston.
Five closed-end mutual funds advised by Pacific Investment Management Co. will redeem an additional $225 million in illiquid auction rate securities.
