A case involving how mutual fund management advisory fees are charged will be heard by the U.S. Supreme Court this fall and could result in lower fees for shareholders.
The Investment Company Institute is proposing sweeping changes to restore confidence in the $3.9 trillion money market mutual fund industry.
More layoffs are expected at American Funds this year, although the announcement will not be finalized until June.
Investors who are still awaiting payouts from Reserve Management Co. Inc. — the New York-based firm whose $63 billion money market fund "broke the buck" last year — appear to be taking matters into their own hands.
Individuals who invest for themselves — without the help of a financial adviser — show more awareness and commitment to exchange traded funds than their adviser-directed peers.
The Vanguard Group Inc. led all mutual fund companies in sales last year, according to new data from Financial Research Corp.
Janus Capital Group Inc. yesterday said that its trustees approved a proposal to merge its two retail-fund series.
Federated Investors Inc. of Pittsburgh today announced the launch of three mutual funds.
Five closed-end mutual funds advised by Pacific Investment Management Co. will redeem an additional $225 million in illiquid auction rate securities.
As exchange traded funds gain in popularity, more financial advisers are building model ETF portfolios for use by other advisers.
Believing that the financial oracles may have lost their gifts, many advisers appear unwilling to tie their fortunes to the investment acumen of such big-name investors as Warren E. Buffett and Bill Miller.
On Saturday, the granddaddy of mutual funds — the Massachusetts Investors Trust Fund (MITTX) — will celebrate its 85th birthday.
Total assets in exchange traded funds fell $45 billion last month, to $451 billion, according to data released today by State Street Global Advisors of Boston.
Five closed-end mutual funds advised by Pacific Investment Management Co. will redeem an additional $225 million in illiquid auction rate securities.
Mutual funds attracted net inflows of $44 billion during January and February, according to a report from Strategic Insight Mutual Fund Research and Consulting.
Fidelity Investments of Boston today launched three funds, including the firm’s first convertible-securities fund.
The Securities and Exchange Commission may soon take action against the broker-dealer subsidiary of The Reserve, the New York-based firm whose flagship $62 billion money market fund "broke the buck" in September.
TD Ameritrade Holding Corp. will continue waiving fees on many money market funds for the rest of its fiscal year to ensure that clients who sweep cash into the funds don’t lose their principal, the company’s chief financial officer said today.
Mutual fund liquidations this year are already nearly double what they were by this time in 2008.
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.
