Investing

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MUTUAL FUNDS MAR 08, 2009
American Funds No. 1 in adviser inquiries

When the equity markets began their dramatic slide in the second half of last year, advisers and their clients researched the investment offerings of Los Angeles-based American Funds more than any other mutual fund group.

ESG MAR 08, 2009
Climate proxies up

Climate change continues to be important to investors, and they want to know what companies are doing to mitigate the impact and risks associated with global warming.

ESG MAR 08, 2009
Social investing on upswing, foundation manager says

Investors who previously ignored socially conscious investments are eyeing them now, an official with the Calvert Social Investment Foundation said last week.

MUTUAL FUNDS MAR 08, 2009
ICI chief favors fiduciary role for advisers

In what might come as a surprise to the organization's members, the head of the mutual fund industry's biggest trade group last week said that he supports the idea of requiring all financial advisers to act as fiduciaries.

MUTUAL FUNDS MAR 05, 2009
Fidelity to launch series of low-cost target date funds

Fidelity Investments filed yesterday with the SEC to launch a series of target date funds that will be available to certain 401(k) plan customers at below retail cost.

ETFS MAR 05, 2009
ETFs bust the mutual fund manager myth

Two major forces are behind the dramatic growth in popularity of exchange traded funds: the wide-spread adoption of fee-based advice and the prolonged 10-year bear market’s effect of destroying the “mutual fund manager” myth.

MUTUAL FUNDS MAR 05, 2009
Legg Mason takes $610M charge for SIVs

Legg Mason Inc. said Thursday it will record a $610 million charge to reflect elimination of exposure to risky structured investment vehicles in its money market accounts.

LIFE INSURANCE AND ANNUITIES MAR 04, 2009
Old Mutual's earnings off 30%

Insurer Old Mutual PLC reported Wednesday a 30 percent drop in 2008 profits as its U.S. Life unit made a large loss, hurt by the collapse of financial institutions such as Lehman Brothers and Freddie Mac and Fannie Mae.

ALTERNATIVES MAR 04, 2009
Obama launches housing plan

The Obama administration is kicking off a new program designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments.

MUTUAL FUNDS MAR 03, 2009
Smith Barney ends exclusive Legg fund deal

Smith Barney's exclusive deal with Legg Mason to distribute funds run by Bill Miller has come to an end.

ALTERNATIVES MAR 03, 2009
Citi to lower some mortgage payments

Citigroup Inc. said Tuesday that it will lower mortgage payments for some homeowners for three months as part of a new program to help the unemployed.

MUTUAL FUNDS MAR 03, 2009
T. Rowe promotes two managers to new posts

T. Rowe Price Group Inc. has restructured its equity leadership, elevating two top portfolio managers into new posts overseeing domestic and international equities.

FIXED INCOME MAR 03, 2009
Fitch’s plan to change muni ratings put on hold

Fitch Ratings is putting off a review of its municipal ratings program because of the economic downturn.

RIAS MAR 03, 2009
RIAs lash out at Schwab hedge fund decision

A consortium of RIAs is “actively looking elsewhere” for custodial partners after Charles Schwab said it would stop accepting custody of alternative investments.

ALTERNATIVES MAR 03, 2009
Homes sales hit new low in January

The number of people signing contracts to buy homes tumbled to a new low in January.

ALTERNATIVES MAR 03, 2009
Hedge funds 4Q outflow largest since ‘94

Investors yanked about $147 billion from hedge funds worldwide in the fourth quarter of 2008, a 689% decline from the third quarter.

MUTUAL FUNDS MAR 02, 2009
Investors bailing out of stock funds: Report

Investors worldwide pulled money out of stock funds last week at levels last seen in mid-October.

LIFE INSURANCE AND ANNUITIES MAR 02, 2009
Despite $30B lifeline, AIG’s credit outlook remains bleak

Ratings agencies today painted a bleak outlook for AIG, following news of the insurer’s massive fourth-quarter loss and an additional $30 billion lifeline from the U.S. government.

MUTUAL FUNDS MAR 02, 2009
Harbor Funds launches global fund

Harbor Funds of Chicago launched a new global fund to its lineup today.

MUTUAL FUNDS MAR 01, 2009
Asset managers may be too weak to lead recovery

Publicly traded asset management companies tend to lead market recoveries, but the fast and brutal decline in mutual fund assets makes the firms' ability to front a recovery doubtful.