8Vote!
FelixSalmon.com (Free subscription) | 11/06/2009
What happened to mutual-fund fees and expenses in the wake of the financial crisis? Lipper has crunched the numbers , and it seems that the tumble in the stock market didn't have much effect on expenses: Surprisingly, the median management expense for most asset classes was largely unchanged from 2008 levels; most exhibited changes of +/- a few tenths of a basis point. Fees, on the other hand, are...
3Vote!
SeekingAlpha ETFs (Free subscription) | 11/06/2009
Felix Salmon submits: What happened to mutual-fund fees and expenses in the wake of the financial crisis? Lipper has crunched the numbers , and it seems that the tumble in the stock market didn’t have much effect on expenses: Surprisingly, the median management expense for most asset classes was largely unchanged from 2008 levels; most exhibited changes of +/- a few tenths of a basis point....
3Vote!
Financial Times (Free subscription) | 11/06/2009
Proposed pan-European regulation of hedge funds and private equity is being introduced on the back of a 'vague, sweeping and inadequate' analysis of the problem, according to a report prepared for European lawmakers
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BloggingStocks (Free subscription) | 11/06/2009
Filed under: Citigroup Inc. (C) , Initial public offerings Being 34% owned by the U.S. government, Citigroup 's (NYSE: C ) destiny is somewhat murky. Yet, to pay off the loans, this massive financial institution must shrink. To this end, Citigroup has filed a public offering for its Primerica Financial Services. According to the prospectus, the deal is expected to raise $100 million, but it's likely...
4Vote!
PR News Wire (Free subscription) | 11/06/2009
SYRACUSE, N.Y., Nov. 6 /PRNewswire-FirstCall/ -- Alliance Financial Corporation ("Alliance", or the "Company") (Nasdaq: ALNC), the holding company for Alliance Bank, N.A., today announced that it has withdrawn its public offering of approximately $25 million in common stock due to market conditions.
6Vote!
Law Blog - WSJ.com (Free subscription) | 11/06/2009
The dismantling of Citigroup Inc. continued, as the banking company unveiled plans to spin off its Primerica Inc. life-insurance and mutual-fund sales unit.
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PR News Wire (Free subscription) | 11/05/2009
NEW YORK, Nov. 5 /PRNewswire/ -- The old adage "past performance is not indicative of future results" rings true loud and clear in today's market. This premise, which appears in much mutual fund marketing, is why Standard & Poor's Equity Research uses a quantitative holdings-based, holistic ranking approach in ranking mutual funds. For investors seeking a mutual fund positioned to recover...
6Vote!
The Street (Free subscription) | 11/05/2009
Royce Funds was started 37 years ago, with a specialty in small-cap stocks. Now the company's mutual funds are tops in almost all categories.
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Market Watch (Free subscription) | 11/05/2009
LONDON (MarketWatch) -- U.K. insurer Old Mutual said Thursday that its life assurance sales in the third quarter dropped 4% to 326 million pounds ($540 million), while unit trust and mutual fund sales rose 47% to 1.7 billion pounds. The group said total funds under management rose 6% from a year earlier to 280.9 billion pounds. The group said that, excluding the U.S. business, where the sales decline...
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Law Blog - WSJ.com (Free subscription) | 11/05/2009
Long-term mutual funds saw net inflows for the 33rd week in a row, with more money going to hybrid and bond funds, which again more than offset stock fund outflows.
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FelixSalmon.com (Free subscription) | 11/04/2009
Charles Schwab has an interesting new idea: ETFs which are commission-free for Schwab brokerage clients. Ron Rowland is enthusiastic: Just as no-load no-transaction fee mutual funds changed the mutual fund landscape, commission-free ETFs will forever alter the way that ETFs are perceived. With this one change, nearly every argument in favor of mutual funds instead of ETFs goes away. Dollar cost averaging?...
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PR News Wire (Free subscription) | 11/04/2009
MEMPHIS, Tenn., Nov. 4 /PRNewswire/ -- Grant Boucek has joined First Mercantile's national sales team effective October 12, 2009, as regional sales director for its new Mid-South region.
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SeekingAlpha.com (Free subscription) | 11/04/2009
Russell Bailyn submits: There has been much debate over the past decade about the value proposition of actively-managed mutual funds to the average investor. The potential advantage which you’re really paying for with mutual funds is the possibility of choosing a brilliant portfolio manager who can beat their benchmark year after year. I’ll only break out one statistic here among the many...
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Market Wire (Free subscription) | 11/03/2009
WINNIPEG, MANITOBA (MARKET WIRE) IGM Financial Inc. (IGM) (TSX: IGM) today reported preliminary total mutual fund net new money in October of ($151.9) million as shown in Table 1. Total assets under management were $116.0 billion at October 31, 2009, up from $101.7 billion at December 31, 2008 and compared to $107.0 billion at October 31, 2008. Mutual fund assets under management were $96.6 billion...
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Fool.com (Free subscription) | 11/03/2009
The mutual fund scene is bleaker than you may think.
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nikitha001 | 02/23/2009
There are additional charges that have to be paid by the investor when they are making mutual fund investments. This is also known as loads and while the amount paid at the time of investment into the mutual fund scheme is an entry load there is also another expeNSE that is often paid when investors exit from the scheme.
1Vote!
imdominatrix | 11/26/2008
I am 59 but diabetic. I think I run an above average chance of needing long-term care in the future. I do not want to exhaust all my savings and home to pay for nursing home care. Inexpensive is a relative term. You should look into coverage as soon ...
6Vote!
itsfreeworld | 08/01/2008
Mint connects to over 5,000 US banks and credit unions, credit card, brokerage, and mutual fund companies to keep your transactions and account balances automatically up-to-date . Mint even auto-balances your checkbook and auto-categorizes your transactions.