While it’s not wise to change your entire mutual fund investment strategy based on recent performance, it may be time to consider some alternatives like ETFs.
Fidelity Investments plans to increase its presence in the municipal-bond market, firm executives said in an interview.
Congress today commenced an effort to determine whether legislation needs to be enacted to protect the retirement security of the country's aging population.
E*Trade Financial Corp. has closed its line of four index funds with liquidations to take place no later than March 27.
Eaton Vance Corp. said Wednesday its fiscal first-quarter profit shrank by more than half.
Navy Federal Asset Management LLC today announced the launch of a new managed account platform in partnership with FundQuest Inc. of Boston.
Columbia Management Group LLC recently changed portfolio managers at 20 teams that manage more than 55 mutual funds.
Managed-futures funds, which finished 2008 as one of the best-performing alternative strategies, hit a bump in January.
Fidelity Investments, the world’s biggest mutual fund company, reported today that its operating income dropped 18% last year.
When combing through new investment ideas, advisers would be wise not to ignore mutual funds and separate-account strategies at the bottom of the heap.
OppenheimerFunds Inc. has elected to shutter its OFI Tremont Core Strategies Hedge Fund and start returning the fund's roughly $100 million in assets to clients.
Cohen & Steers Inc. has snagged David Edlin from AllianceBernstein Investments Inc. to be its new national sales manager, the company announced this morning.
The SPDR Gold Trust (GLD) exchange traded fund has surpassed $30 billion in assets, making it the second-largest ETF by assets in the world.
The tide has finally turned for prime money market mutual funds.
Mutual fund executives probably won't be dancing in the street over reports of modest inflows into stock mutual funds in January.
Big-name mutual fund companies leery of jumping into exchange traded funds have finally received the signal that they need to make a major push into that arena.
OppenheimerFunds Inc. of New York is facing a class-action involving its California Municipal Fund, which lost 41.3% last year.
Putnam Investments today announced that David Glancy has joined the firm as managing director and portfolio manager of a couple of new planned offerings.
Find out what advisers think about leveraged ETFs and ETF providers, plus more, in this latest <i>InvestmentNews</i> ETF Survey. And get some insight into what the future holds for ETFs at The Vanguard Group.
American Funds Investment Co. filed last week with the Securities and Exchange Commission to create a new money market mutual fund.
