Massachusetts regulators sent subpoenas to four brokerage firms July 31 seeking information about the way they sold inverse and leveraged exchange traded funds. The subpoenas were issued weeks after the firms restricted the sale of the products or stopped selling them altogether.
Despite the improved performance of its mutual funds, Fidelity Investments isn't likely to recapture the crown as the firm that controls the most long-term-fund assets anytime soon.
The bloom is off the rose in terms of Americans' attitude toward homeownership, according to a survey from the National Foundation for Credit Counseling.
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
In the wake of the historic real estate meltdown, it is easy to make a case for investing in non-traded real estate investment trusts.
The REIT industry is in the throes of a debate over how much debt is appropriate.
Exchange traded fund assets worldwide hit an all-time high of $862 billion at the end of July, 7% above the previous record of $805 billion set in April 2008, according to data released today from the London-based research team of Barclays Global Investors in San Francisco.
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.
Morgan Stanley Smith Barney LLC today announced restrictions on the sale of leveraged, inverse, and leveraged-inverse exchange traded funds by its brokers and advisers.
A sudden and dramatic pullback in lending by banks in developed countries threatens to stall the global economic recovery, according to a report out today by Hennessee Group LLC in New York.
Although the biggest equity gains continue to come from markets outside the United States, some analysts wonder how long the winning streak can continue for funds that are fueled by emerging markets.
Goldman Sachs Group Inc., one of the banking industry's top performers, said today that government agencies have asked about its compensation practices and use of credit derivatives.
AIG Investments, the asset management arm of American International Group Inc., is close to being sold to a group that includes private equity firm Crestview Partners for $300 million to $400 million, Reuters reported today, citing a source.
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.
Pending U.S. home sales rose in June for the fifth straight month, another encouraging sign of life for the embattled U.S. housing market, the National Association of Realtors reported today.
Massachusetts regulators sent subpoenas to four brokerage firms on Friday asking about their sales practices relating to inverse and leveraged exchange traded funds weeks after Edward D. Jones, Ameriprise, LPL and UBS restricting the sale of the products or stopped selling them altogether.
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.
Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust — California, Arizona and Florida — stabilized in June, offering hope that the worst of the real estate crisis is over, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties.
Investors are flocking to emerging markets with the anticipation of hefty returns, though analysts doubt that the performance will last.
Investors bought more exchange traded funds in the first half of this year than in the comparable time period in 2008, according to Strategic Insight Mutual Fund Research and Consulting LLC.
