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Mutual Funds News

What The Bear-Market Anniversary Proves Monday, March 8, 2010 @ 3:14PMDumped in droves, risky stocks have come roaring back.
Fed expands eligibility for repurchase program Monday, March 8, 2010 @ 3:05PMWASHINGTON TWP. — The Federal Reserve said Monday it's making more financial institutions eligible for a program to drain some of the unprecedented liquidity it added to markets during the credit crisis.
S&P Rally Slowed by Fastest Cash Depletion Since 1991 (Update3) Monday, March 8, 2010 @ 2:56PMMarch 8 (Bloomberg) -- Equity mutual funds are burning through cash at the fastest rate in 18 years, leaving them with the smallest reserves since 2007 in a sign that gains for the Standard & Poor’s 500 Index may slow.
'Don't recycle your investments to save taxes' Monday, March 8, 2010 @ 2:45PMMUMBAI: Recycling may be a great idea when it comes to environment. However, in the world of finance, it is often met with disapproval. Recycling money to save taxes is a common method employed by ...
Sack Says Shrinking Assets Quickly Would Thwart Goals (Update1) Monday, March 8, 2010 @ 2:43PMMarch 8 (Bloomberg) -- Brian Sack , the New York Federal Reserve Bank’s markets chief, said shrinking the central bank’s $2.3 trillion balance sheet quickly through sales of assets would disrupt financial markets and thwart policy makers’ current goals.
Fed launches reverse repurchase agreement program Monday, March 8, 2010 @ 2:36PMNEW YORK -- The Federal Reserve is beginning a program to drain some of the unprecedented liquidity it added to markets during the credit crisis.The Federal Reserve Bank of New York said Monday it wi...
US Federal Reserve moves to drain liquidity Monday, March 8, 2010 @ 2:31PMThe US Federal Reserve says it is making more financial institutions eligible for a program to drain some of the unprecedented liquidity it added to markets during the credit crisis.
T. Rowe Price CEO's 2009 compensation slips Monday, March 8, 2010 @ 2:25PMThe president and chief executive of T. Rowe Price Group Inc., James A.C. Kennedy, saw his total compensation fall 17 percent to $4.7 million last year, according to an Associated Press analysis of the investment management company's proxy statement. Kennedy'... Proxy statement - Associated Press - Chief executive officer - Business - T. Rowe Price
Penguins likely to operate renovated ice rink Saturday, March 6, 2010 @ 1:32AMIt requires a process of elimination, but the Wilkes-Barre/Scranton Penguins will likely be announced Monday as the operators of the ice rink that serves as the centerpiece of the $13.7 million overhaul of Coal Street Park. Four rink management companie
State groups and corporations needs improvements Saturday, March 6, 2010 @ 1:22AMThe Prime Minister has issued a Government action program to ensure the effective implementation of legal policies on the management and use of State capital and assets by State groups and corporations.
Customers maintain loyalty to banks despite low trust in sector Saturday, March 6, 2010 @ 1:14AMThe global financial crisis has significantly dented people's trust in banks and their overall opinion of the banking sector, but consumers across Central/Eastern Europe and the Middle East nonetheless show relatively strong loyalty to their financial institutions, according to global market research company Synovate.
What advantages do exchange-traded funds have over mutual funds? Saturday, March 6, 2010 @ 1:04AMWhat advantages do exchange-traded funds have over mutual funds? Exchange-Traded Funds (ETFs) are growing ever more popular, as they were created to combine the best characteristics of both stocks and mutual funds into a combined investment vehicle.
5 Tips For Diversifying Your Portfolio Saturday, March 6, 2010 @ 1:04AMFor establishing a strategy that tempers potential losses in a bear market , the investment community preaches the same thing that the real estate market preaches for buying a house: "location, location, location".
Peter P. Gil Friday, March 5, 2010 @ 11:08PMNEW CASTLE — Peter P. Gil, Ph.D., formerly of New Castle, who served as associate dean of the Sloan School of Management, at MIT in Cambridge, Mass., died Thursday, March 4, 2010, at the Hyder Family Hospice House in Dover. He was 87.
Mutual Funds vs ETFs: What should you choose Friday, March 5, 2010 @ 10:39PMWith more exchange traded funds coming into the market, are they a better alternative to mutual funds?
Banning Heights Water elects new board Friday, March 5, 2010 @ 10:33PMPhoto for the Record Gazette by Tim Smith Retired Riverside County Superior Court Judge Victor Miceli, left, provides last minute ballots to Banning Heights Mutual Water Co. shareholders during its board election at the Holiday Inn Express in Beaumont.
Your funds: Be wary of mutual funds' shiny 'new' records Friday, March 5, 2010 @ 10:00PMYou might not be celebrating the one-year anniversary of the stock market bottom, but mutual fund executives are, because their worst 12-month period in recent history takes a step toward becoming a memory. Fund companies sometimes encourage investor amnesia, and there's little doubt the industry hopes you will linger on the feel-good of the last 12 months rather than dwelling in the past. It's ...
The Ticker Friday, March 5, 2010 @ 9:19PMStop & Shop Thousands of Stop & Shop workers are set to vote tomorrow on a final...
Brother, Can You Spare A Share? Wednesday, March 3, 2010 @ 4:43PMLending out securities to short-sellers can pad your portfolio and smaller investors are getting in the game.
Fear and loathing as the hedge funds take on the euro Wednesday, March 3, 2010 @ 4:17PMFears of a hedge fund "conspiracy" to destroy the euro gathered pace yesterday when the American authorities ordered some funds not to destroy records of their trading in the single currency. The move comes after the US Federal Reserve promised to probe claims that the use of credit derivatives by Goldman Sachs had, ironically, helped Greece enter the eurozone a decade ago. Although the latest ...
Sardis City planning for historic celebration Wednesday, March 3, 2010 @ 4:04PMSARDIS CITY — May 29 is less than three months away, and Sardis City leaders are preparing for an historic celebration that day. The town is part of a statewide promotion by Gov. Bob Riley called “The Year of Alabama Small Towns and Downtowns.”
Lightning sale to Vinik gets final approval Wednesday, March 3, 2010 @ 3:49PMThe sale of the Tampa Bay Lightning to Boston-based financier Jeff Vinik is final, the team announced on Wednesday.
Auto output goal held at 1.4m vehicles, assuming no political violence Wednesday, March 3, 2010 @ 3:37PMAutomobile companies are maintaining their production target for this year at 1.4 million units, on the assumption that the economy witnesses no politically driven disruption.
LCM Announces Adjournment of Special Meeting of Shareholders Wednesday, March 3, 2010 @ 3:08PMLISLE, Ill.---- The reconvened special meeting of shareholders of Advent/Claymore Enhanced Growth & Income Fund , scheduled for March 2, 2010, has been adjourned for a fourth time and will reconvene on Friday, March 12, 2010, at 11:30 a.m.
GOP gubernatorial candidate John Kasich received no special access to Internet investment but incorrectly reported the ... Wednesday, March 3, 2010 @ 2:55PMOhio Republican gubernatorial candidate John Kasich did not have special access to an investment he reported on his 1999 congressional financial disclosure statement. The report – which Kasich's gubernatorial campaign now says was filled out incorrectly – led one blogger to suggest Kasich had inside information.
Newsletters & Research: A passive pile-on and a golden history Wednesday, March 3, 2010 @ 2:40PMMost investors have had extraordinary difficulty navigating the market over the past decade. So it may not be surprising that a substantial minority of investors are no longer trying to beat the market, but are willing to settle for merely equaling its returns through passive investments, such as index funds.
REC follow-on offer price at Rs 206 Wednesday, March 3, 2010 @ 2:10PMNew Delhi, March 3: State-owned Rural Electrification Corporation (REC) will allot shares in its follow-on public offer at Rs 206 apiece to qualified institutional buyers (QIBs), which include foreign institutional investors and mutual funds.
NexGen Financial Limited Partnership Announces February Sales and Assets Under Management Wednesday, March 3, 2010 @ 2:06PMNexGen Financial Limited Partnership today reported total mutual fund net new money during the month ended February 28, 2010 of $24 million compared to $15.4 million for the month ended January 31, 2010.
Bearish John Hussman Likes Consumer Services and Technology Tuesday, March 2, 2010 @ 3:57PMBy guruek. (GuruFocus, March 2, 2010) At the end of 2008, when S&P 500 was down 37% for the year, the Hussman Strategic Growth Fund (HSGFX) was down only 9.02%. For a time, Hussman was celebrated as a hero. Read more » »
Independents still luring wirehouse clients: Schwab Tuesday, March 2, 2010 @ 3:45PMIndependent wealth management shops continue to lure clients away from the big U.S. brokerages, according to a survey by online brokerage giant Charles Schwab Corp .
RBC Asset Management Inc. and Phillips, Hager & North February Sales Results Tuesday, March 2, 2010 @ 2:57PMRBC Asset Management Inc. and Phillips, Hager & North announced February net sales of $163 million. Long-term funds had net sales of $906 million and money market funds had net redemptions of $743 million.
New money moving into mutual funds: IFIC Tuesday, March 2, 2010 @ 2:46PMMutual funds likely managed about $3 billion in net sales during February, according to preliminary estimates from the Investment Funds Institute of Canada.
Business briefs Tuesday, March 2, 2010 @ 2:16PMPublished: Tuesday, March 2, 2010 at 9:40 a.m. Last Modified: Tuesday, March 2, 2010 at 9:40 a.m. American International Group Inc. is selling a cornerstone of its business, Asia-based life insurer AIA Group, in a government-approved $35.5 billion deal.
How you can lose money in a money fund: Fees Tuesday, March 2, 2010 @ 2:12PMInterest rates are so low that money fund accounts in variable annuities or 401(k) retirement plans can have negative yields.
BMO Rises the Most Since August After Profit Triples (Update1) Tuesday, March 2, 2010 @ 1:58PMMarch 2 (Bloomberg) -- Bank of Montreal , Canada’s fourth- biggest bank by assets, rose the most since August after the company reported first-quarter profit that almost tripled on growth in consumer banking and lower loan-loss provisions.
Scotia looks to build momentum in asset management Tuesday, March 2, 2010 @ 1:55PMScotia’s mutual fund business grew by $4-billion (US$3.9-billion) in 2009 to over $23-billion in assets
Retiring Americans Face $260,000 in Health Care Costs Tuesday, March 2, 2010 @ 1:35PMHealth care costs for retiring Americans, ...
Retiring Americans Face $260,000 in Health Care Costs Tuesday, March 2, 2010 @ 1:27PMNEWARK, N.J.----Health care costs for retiring Americans, including nursing home care, average $260,000 and can exceed $500,000, according to new research conducted by the Center for Retirement Research at Boston College and underwritten by Prudential Financial .
Dollar Set to Rally as Stocks Stagnate Thursday, February 25, 2010 @ 3:55AMDavid Wright, manager of the Sierra Core Retirement Fund, says the value of the dollar could skyrocket as investors flee riskier assets.
EMC Insurance Group Inc. Reports 2009 Fourth Quarter and Year-End Results Thursday, February 25, 2010 @ 3:30AMDES MOINES, Iowa----EMC Insurance Group Inc. : Fourth Quarter 2009 Operating Income Per Share – $0.98 Net Income Per Share – $2.10 Catastrophe and Storm Losses Per Share – $0.03 Large Losses Per Share – $0.58 GAAP Combined Ratio – 94.7 percent Year Ended December 31, 2009 Operating Income Per Share – $2.55 Net Income Per Share – $3.44 Catastrophe and Storm Losses Per Share – $1.55 Large Losses ...
Allston-Brighton Community Notes Thursday, February 25, 2010 @ 3:21AMHere are the latest Allston-Brighton community notes.
NABARD raises 10 bln rupees via commercial paper Thursday, February 25, 2010 @ 2:53AMMUMBAI, Feb 25 (Reuters) - National Bank for Agriculture and Rural Development (NABARD) on Thursday raised 10 billion rupees via short-term debt, according to Thomson Reuters data.
Cos, MF interdependence raises concerns of mkt volatility Thursday, February 25, 2010 @ 2:26AMCautioning that the capital market is facing many challenges, the Economic Survey today said close links between corporates and mutual funds have raised concerns about volatility in financial markets.
Obama’s $90 Billion Bank Fee Formula May Be Revised by Panel Thursday, February 25, 2010 @ 1:53AMFeb. 25 (Bloomberg) -- House lawmakers may alter the formula for applying President Barack Obama’s proposed $90 billion fee to the 50 biggest financial firms, a spokesman for the House Ways and Means Committee said.
CIBC Announces First Quarter 2010 Results Thursday, February 25, 2010 @ 1:50AMCIBC announced net income of $652 million for the first quarter ended January 31, 2010, compared with net income of $147 million for the same period last year. Diluted earnings per share were $1.58, compared with EPS of $0.29 a year ago.
China passes US as top Saudi oil importer: energy secretary Thursday, February 25, 2010 @ 1:30AMABU DHABI, Feb 24, 2010 (AFP) - China has surpassed the United States, long the top importer of Saudi oil, in short-term average daily imports from the petroleum-rich Gulf kingdom, US Secretary of Energy Steven Chu said Wednesday in Abu Dhabi.
Oracle Financial Services Announces the Latest Release of Oracle(R) FLEXCUBE Investor Servicing Thursday, February 25, 2010 @ 1:20AMSoftware will Help Transfer Agents and Fund Managers Expand Their Businesses While Managing Popular Variants of Hedge Fund Structures and Their Lifecycles
Oracle Financial Services Announces the Latest Release of Oracle(R) FLEXCUBE Investor Servicing Thursday, February 25, 2010 @ 1:05AMREDWOOD SHORES, CA--(Marketwire - 02/25/10) - Oracle (NASDAQ: ORCL - News ) News Facts Oracle Financial Services Software today announced the launch of Oracle FLEXCUBE Investor Servicing 9.0 . Oracle FLEXCUBE Investor Servicing 9.0 is a process enabled transfer agency and investor servicing solution that helps financial institutions manage the complete fund lifecycle and reduce operational costs ...
Guidepoint Global Announces Launch of Genetic Disorder Tracker Wednesday, February 24, 2010 @ 8:48AMGuidepoint Global, LLC, a leading primary research firm, today announced the launch of their Genetic Disorder Tracker, a monthly longitudinal data release that captures commercial trends, on a worldwide basis, associated with the treatment of eight rare genetic disorders: Gaucher's disease, Fabry's disease, PKU, MPS I , MPS II , MPS VI , Niemann-Pick disease and Pompe disease.
At F.D.I.C. , Bracing for a Wave of Failures Wednesday, February 24, 2010 @ 8:46AMERIC DASH The Federal Deposit Insurance Corporation said it had placed 702 lenders on its list of "problem" banks, the most since 1993.