Mutual Funds
Stay on top of mutual fund news, including in-depth articles and analysis on stock, bond and balanced funds, as well as target date funds and more.
MFS Adds New 2050 Target Date Mutual Fund to Line
By Marlene Y. SatterMFS has added to its Lifetime target date mutual fund series with a new entry: the MFS Lifetime 2050 Fund (MFFSX).
September 14, 2010
Big Boost to Bond Fund Inflows Offsets Drop in Stock Funds: Strategic InsightMutual fund investors added $31 billion in net new cash to U.S. bond mutual funds in August at the same time that domestic equity mutual fund flows fell off by $12.2 billion, Strategic Insight reported.
September 14, 2010
August Fund Flows Up to Nearly $17 Billion, Morningstar ReportsMorningstar on Tuesday said flows into long-term mutual funds increased by more than 11% in August to $16.8 billion, with fixed-income funds receiving the majority of these assets.
September 14, 2010
Global X Hits $500 Million AUM; BlackRock Ranks It Fastest-Growing ETF FirmWith 14 exchange traded funds (ETFs) brought to market in the last 20 months, Global X Funds reached the $500 million threshold in AUM. BlackRock says Global X Funds is the fastest-growing ETF provider in the U.S., up 318% year to date.
September 14, 2010
Retail Sales and Business Inventories Rose in SeptemberRetail sales jumped higher in August than in the previous five months while business inventories saw their biggest rise in two years and business sales also rose after tumbling downward for two months, the U.S. Commerce Department reported Tuesday.
September 13, 2010
ReFlow FLIX Index Shows Mutual Fund Asset Flows Dropped in JulyReFlow Management Co.'s FLIX Index, a monthly indicator of asset flow volatility for long-term mutual funds, declined to 492 in July from a 573 reading in June, continuing its retreat from the peak levels seen in May.
September 13, 2010
Schwab Targets Gen Y With New Facebook PageTo engage Gen Y'ers where they spend their time, Charles Schwab has launched a Facebook page that focuses on helping 20-somethings improve their everyday money behaviors.
September 10, 2010
J.P. Morgan Funds Introduces Research Equity Long/Short FundJ.P. Morgan Funds, the mutual fund arm of JPMorgan Chase & Co., has launched the JP Morgan Research Equity Long/Short Fund, the company announced Friday, September 10.