atHome Top Story (Free subscription) | 12 hours ago
With the year more than half over, the overall verdict for mutual fund investors is: so far, not so good. Based on the six-month returns for fund categories and continuing sluggishness well into July, this is shaping up to be a year when most fund investors will be doing well to break even on their portfolios.
Indian Express (Free subscription) | 18 hours ago
JM Mutual Fund, the asset management arm of the JM Financial has identified three institutional investors namely, Valiant Capital Partners, Blue Ridge Capital and Eton Park, who propose to participate in the equity capital of the company to the extent of 4% each in the equity, at a premium, on a fully diluted equity capital of the business.
India eNews: Top Headlines (Free subscription) | yesterday
The IDBI Bank Ltd is planning to enter the mutual fund business, a top bank official said here Friday.
Daily News Analysis (Free subscription) | yesterday
The IDBI Bank Ltd is planning to enter the mutual fund business, a top bank official said here on Friday.
Business Wire (Free subscription) | 07/24/2008
JACKSON, Miss.--(BUSINESS WIRE)--The Performance U.S. Treasury Money Market Fund, a Trustmark proprietary mutual fund, has been assigned Standard & Poor’s
Consumerism Commentary (Free subscription) | 7 hours ago
As I write this roundup, the anchors of The Today Show mentioned they will soon present the founder of Thrasher Funds, an expensive mutual fund company designed to attract younger people towards investing, to offer financial advice for teenagers. I’ve noted before that the concept is good, but the execution is out of touch. [...]
Indian Express (Free subscription) | 18 hours ago
IDBI Bank is in talks with few foreign companies to form a joint venture to foray into the mutual fund business. In this regard, the bank has submitted a proposal to the Reserve Bank of India three months back, said IDBI's chairman and managing director Yogesh Agarwal.
Smart Money (Free subscription) | yesterday
These mutual funds have been posting good average returns since Day 1.
Today's Tribune-Review (Free subscription) | yesterday
Federated Investors Inc. reported quarterly earnings rose 5 percent to $58 million, or 58 cents a share. The Downtown mutual fund company's revenue increased 12 percent to $310 million.
ETF Trends (Free subscription) | 07/24/2008
Rob Wherry for Smart Money reviews iMoney and talks to Tom Lydon about the current trends in ETFs. Click here for the story and three-part video! iMoney is currently the #1 mutual fund book on Amazon.com, and the book is getting high praise. “The authors cover the ETF waterfront…this book is a valuable resource.” - Sam Stovall, S&P [...]
PR News Wire (Free subscription) | 07/24/2008
RADNOR, Pa., July 23 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of Massachusetts on behalf of all purchasers of SSgA Yield Plus Fund (Nasdaq: ) ("Yield Plus Fund" or the "Fund") from June 30, 2005 through June 30,...
The Earth Times Online Newspaper (Free subscription) | 07/23/2008
CHICAGO, July 23 /PRNewswire/ -- Keeley Asset Management Corp., a leading mutual fund and investment advisory firm, and its sister company Keeley Investment Corp. announced a minority investment from Boston based TA Associates, one of the...
Abnormal Returns (Free subscription) | 07/23/2008
“Will Wall Street sober up?” after this most recent crisis. (Floyd Norris) “The concept of a crowded trade is simple. Trades are crowded when those that hold the assets in question have short time horizons.” (Aleph Blog) Want to buy a mutual fund operation? Banks are selling. (WSJ.com) “Since 1926 US stocks have beaten the world market in [...]
Philanthropy 2173 (Free subscription) | 07/23/2008
In 1991 Fidelity investments introduced the charitable gift fund . There are now billions of dollars in assets under management at mutual fund company donor advised funds. In 2008 the Davlin Philanthropic Fund launched the first no-load mutual fund in which investment fees are donated to charity and mutual fund returns remain in the hands of investor. The funds are managed by The Davlin Funds , which...
Top News Cast - World (Free subscription) | 07/23/2008
By Amy Nutt In understanding the difference between domestic and offshore mutual funds, it is important to know what these funds are. It is true that there are a number of different mutual funds that are available to investors, but the basic construction of a mutual fund is that it is created by a firm that takes the money of many investors and invests that money into stocks, short-term money markets,...
