Although Putnam Investments' decision to lower the management fees for some of its mutual funds — and to link its fees on others to performance — didn't go unnoticed by financial advisers, many say that they will hold off putting their clients' money into Putnam's funds until they see signs of improved long-term performance
Low-cost mutual funds make up most of the assets in 401(k) plans, according to a study released yesterday by the Investment Company Institute, a Washington-based industry trade group.
Investors in the Schwab Charitable Fund national donor-advised offering now have more investment choices.
Sun Life Financial today reported a 13.8% gain in net income for the second quarter, compared with the same period in 2008.
Although advisers are all over the map when it comes to predicting the longevity of the economic downturn, most have adjusted the way they do business because of it, according to a recent industry survey.
Assets of money market mutual funds declined by $215 billion, or 6%, in the second quarter, according to Crane Data LLC, a Westborough, Mass.-based research firm.
Mutual fund assets are on the rise and as a result, investor fees may not go up as much as analysts had expected, according to Chicago-based Morningstar Inc.
Natixis Global Associates, in conjunction with the AlphaSimplex Group LLC, has launched a multistrategy absolute return fund, Natixis announced today.
Investors are flocking to emerging markets with the anticipation of hefty returns, though analysts doubt that the performance will last.
With major equity indexes soaring past their high-water mark for 2009, advisers now seem to agree that the markets have hit their bottom. How long they will continue in positive territory, however, is up for speculation.
