Securities and Exchange Commission Chairman Mary Schapiro has called on Congress to allow broker-dealers to compete on commissions they charge when they sell mutual fund shares.
Investors returned to mutual funds en masse during the second quarter, but appear to be proceeding with caution when it comes to riskier funds, according to a new report from Strategic Insight Mutual Fund Research and Consulting LLC.
The stock rally that begin in March boosted target date funds to an average return of 15.5% in the second quarter, ending a dismal string of six negative consecutive quarters, according to a report released today.
Investors shook off some of their caution in this year's second quarter amid a rising market, shifting the largest amount into stock and bond mutual funds in more than two years, a fund industry consultant reported today.
Hatteras Funds has entered into an agreement to acquire Alternative Investment Partners LLC, which manages the AIP Mutual Funds.
Non-profit organizations are embracing target date funds and a majority of 403(b) plan sponsors have begun offering these funds in their plans, a study released today showed.
While new mutual fund launches are lagging last year's total, fund firms continue to introduce new products, even in the down market.
In a move to increase awareness of its large-cap mutual funds, Lord Abbett & Co. LLC announced today it has changed the names of four of its large-cap offerings and lowered the expense ratio on one of them.
Target date life cycle funds, one of the most successful investment innovations of the past generation, have come under intense scrutiny — from Congress, regulators and the media.
Target date funds are ripe for regulation — a conclusion made abundantly clear at a joint Department of Labor and Securities and Exchange Commission hearing this month dissecting these popular retirement funds.
Federated Investors Inc. entered into a partnership with a London-based specialty asset management firm to bring global-trade-finance investments to its clients in the United States.
Russell Investments today signed an agreement with Jadwa Investments of Riyadh, Saudi Arabia, to launch the Russell-Jadwa Indexes.
The Securities and Exchange Commission today voted unanimously to propose rule changes for the $3.8 trillion money market mutual fund industry — including new liquidity requirements to prevent runs on such funds.
Stock and bond mutual funds had net inflows of $55.5 billion in May, according to a report released today by Financial Research Corp. of Boston.
Barclays iShares yesterday launched the first ETF listed in the United States that is concentrated on markets in Peru.
A new iShares that is more heavily involved in actively managed exchange traded funds will likely emerge as the company changes hands, though some say it might be late to the party.
For as long as mutual funds have been able to sell stocks short, there have been attempts to bring more-sophisticated hedge fund strategies to the mutual fund world. But it is rare for a hedge fund to undergo a complete transformation into a mutual fund.
Unless reasonable standards are established for target date funds, the Department of Labor should bar them from being used as default investments in 401(k) plans, the Certified Financial Planner Board of Standards Inc. said.
When it comes to target date funds, ignorance is not bliss.
