Mutual Funds
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BlackRock Doubles Q2 Net Income, but Client Outflow Problems Persist
By Joyce HansonBlackRock reported Q2 2010 net income of $432 million, up $214 million from a year ago and up $9 million from the first quarter.
July 20, 2010
DoubleLine DiversificationSearching for less correlation? New fund may help diversify portfolios across multiple asset classes.
July 20, 2010
DoubleLine to Launch a Diversified Actively Managed FundDoubleLine Funds Trust has filed to launch a new actively managed fund, DoubleLine Multi-Asset Growth Fund.
July 20, 2010
Goldman Sachs Q2 Earnings Plummet on SEC Settlement, U.K. Bank Tax, and Market VolatilityGoldman Sachs reported net earnings of $613 million for second-quarter 2010, an 82% drop from quarterly earnings a year ago, at $3.44 billion. Earnings per common share were posted at 78 cents versus $4.93, 84% lower.
July 20, 2010
Housing Starts Dropped Precipitously in June, Commerce Department SaysNew home and apartment construction statistics for June showed a precipitous drop in housing starts, which were 5.0% below the revised estimate for May and 5.8% below the June 2009 rate, the U.S. Commerce Department reported.
July 19, 2010
Broadridge Introduces Data Transparency Tool for ETF ManagersMarket Intelligence, a data transparency tool that allows exchange traded fund managers to see how financial advisors are using ETF products, has been launched by Broadridge Financial Solutions Inc.
July 19, 2010
Home Builders' Confidence Index Plummets to Lowest Point Since April 2009The National Association of Home Builders (NAHB)/Wells Fargo housing market index showed builders' confidence in the single-family housing market dropped to its lowest point since April 2009, down two points to a reading of 14 in July.
July 19, 2010
Three Studies Worth a Quick ReadDo hedge funds hedge? The experience of the Great Recession - Vanguard Research Do hedge funds help investors avoid the worst during periods of distress...