They are the ultimate go-anywhere funds — global funds that can invest virtually anywhere, regardless of geography — and they are growing in number.
Insurance agents who work primarily with equity index annuities say the Securities and Exchange Commission's proposal to regulate the products as securities would impose greater costs on their firms and hand over control of their production to broker-dealers.
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Fears of short supply in the largest oil-producing nations and a weak dollar sent crude oil prices above the $147-per-barrel mark.
The Loomis Sayles Small Cap Value Fund was launched May 13, 1991, and has $1 billion in assets under management.
The U.S. trade deficit contracted by 1.2% in May as the value of goods and services exported increased faster than those that were brought in.
U.S. chain store sales rose 4.3% in June — the biggest gain in more than a year — aided by strong performances from discount stores.
Mutual funds voted in favor of management proposals more than 90% of the time in 2007, an ICI study found.
Investors in Sandelman Partners $3.2 billion multistrategy hedge fund have been barred from making withdrawals.
