The Malvern, Pa.-based fund firm will merge the $6.7 billion Vanguard Treasury Money Market Fund (VMPXX) into the lower-cost $21.8 billion Vanguard Admiral Treasury Money Market Fund (VUSXX).
The reductions are being made across all companies and departments among the firm’s 9,000 employees, said Chuck Freadhoff, spokesman for American Funds.
A pair of unrelated Boston-based hedge funds managing a total of more than $1.3 billion separately told investors today they're shutting down and returning investor cash because of recent disappointing performance.
Pacific Investment Management Co. LLC today launched its first exchange traded fund and filed with the Securities and Exchange Commission to offer six more.
The number of U.S. homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in nearly eight years, a sign that sales are finally coming to life after a long and painful slump.
Long-term bond yields climbed sharply on today as improving sentiment on the economy sapped demand for government debt.
The Reserve Management Co. of New York has announced that the liquidation of the Reserve U.S. Treasury Fund (RUTXX) and distribution concluded May 29.
Private-equity firm Brookstone Partners today announced the launch of Brookstone Partners Asset Management, an independently operated investment advisory group.
Several economic gurus have seized on the recent rebound in equities to offer a generally upbeat view on a broader recovery, waxing poetic about the emergence of “green shoots” and their general feeling that a bottom in the U.S. economy may have been reached.
The expected reduction in front-end sales charges by large mutual fund companies may help stimulate sagging sales for Section 529 college savings plans.
DWS Investments is lowering sales charges and break points on some of its mutual funds, a move that could foreshadow industrywide price cutting to attract disillusioned investors, according to observers.
The Securities and Exchange Commission is considering a list of regulations for money market funds that goes far beyond proposed reforms issued in March by the Investment Company Institute.
Actively managed exchange traded funds are finally starting to trickle into the market.
As might have been expected, the extreme nature of the economic downturn continues to spawn ways for investors to navigate the financial markets.
Fund managers, urging financial advisers not to pull client assets out of underperforming funds, painted 2008 as an anomaly at the Morningstar Investment Conference 2009 in Chicago last week.
Long-term bond yields fell again on today as investors returned to the Treasury market for the second day running.
Federated Investors Inc. announced today that the firm has reached a definitive agreement to acquire $233 million in assets of two of Cincinnati-based Touchstone Investments’ mutual funds.
With many managers failing to generate strong returns, trading costs are harder for investors to stomach.
Two-thirds of investors believe that target date funds need to be combined with other funds to achieve a proper mix for their retirement portfolios, a white paper released yesterday by Janus Capital Group Inc. of Denver suggests.
A record 12% of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. And the wave of foreclosures isn't expected to crest until the end of next year, the Mortgage Bankers Association said today.
