The government's Public-Private Investment Program — designed to remove bad assets from bank balance sheets and promote lending — will help turn around the economy in the short run, but perhaps not long-term, according to financial advisers.
Equity funds investing primarily in U.S. stocks had a net outflow of $3 billion, reversing the previous week’s inflow of $3.2 billion, TrimTabs reported.
The Securities and Exchange Commission has filed an amended complaint charging a former state political party leader and a hedge fund manager in connection with a multimillion-dollar kickback scheme involving New York's largest pension fund.
The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break, according to data released today.
Mutual fund investors paid $15.8 billion in taxes last year for distributions, according to a report released today by Lipper Inc. of New York.
American Funds plans to send out proxy statements next week to shareholders of its money market mutual funds seeking approval to merge two of the funds and convert one to a short-term bond fund.
Stocks fell Tuesday after an unexpected drop in retail sales and producer prices tested a notion that the economy is starting to find its footing.
The Municipal Securities Rulemaking Board today filed a proposed rule change with the Securities and Exchange Commission that would allow it to collect voluntary-disclosure data from municipal issuers.
The Securities and Exchange Commission is exploring structural changes to money market mutual funds, including raising the net asset value standard to $10, from $1.
In what some say is a growing trend, The Permal Group Inc., a fund-of-hedge-funds affiliate of Legg Mason Inc., today launched its first mutual fund.
Year-over-year median compensation paid to mutual fund directors increased an average of 4.2% last year, bringing it to $49,000, from $47,000, according to a study released today by Management Practice Inc., a Stamford, Conn. consulting firm for independent fund directors.
The growth of mutual funds that invest in stocks perceived as friendly to the environment came to a halt last year as investors scrambled for safety, but industry experts think that once investors regain their confidence, green funds will benefit.
Amid a spate of class actions and investigations by five states into losses associated with its bond funds, OppenheimerFunds Inc. has launched an aggressive effort to strengthen its business operations.
For those determined to put their money where their passions are, the world of environmentally conscious investing offers a growing list of opportunities.
Target date funds are coming under heavy scrutiny on Capitol Hill, with lawmakers and regulators working hand in hand to determine if these one-stop-shop retirement funds are in need of increased oversight — or perhaps even restrictions that would prevent them from investing too aggressively.
They don't produce much in the way of greenhouse gases themselves, but mutual funds and exchange traded funds can leave an indirect carbon footprint.
Financial advisers who are members of the National Association of Active Investment Managers Inc. of Littleton, Colo., made a record leap into the stock market late last month.
The dismal performance of mutual funds could result in a wave of lawsuits alleging that funds failed to disclose the true risk of their investments, according to several industry lawyers.