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.
Massive Federal Bailout on the Way
By Melanie WaddellIn a bid to stem the mammoth financial crisis the U.S. is now facing, top members of the Treasury Department and Federal Reserve are hammering out with Congress a plan to create a government agency that would buy distressed mortgages from banks and other financial institutions at discount prices.
September 16, 2008
Number of ETFs Exceeds 700; Six New PowerShares Global ETFsState Street reported that as of August 31, there were 710 exchange traded funds available in the U.S. offered by 24 ETF managers; two new individual ETFs were launched in August, State Street reported, and one new manager joined the fray. ETF industry assets grew $4.7 billion in August to...
September 15, 2008
How the Wall St. Earthquake Will Affect ClientsHow are advisors reacting to the latest news of the changing landscape on Wall Street, with the bankruptcy of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America? For one thing, they're putting it into the context of the broader credit and housing crisis that has affected...
September 15, 2008
ING Advisors To Cut Service FeesA broker-dealer group says it will be lowering ticket charges for financial representatives and advisors.ING Advisors Inc., Atlanta, a unit of ING Groep N.V., Amsterdam, ...
September 11, 2008
Rising Dollar Hits U.K. CarrierA large multinational insurer says it is suffering from currency fluctuations as well as the turmoil in world investment markets.Old Mutual P.L.C., London, the parent ...
September 11, 2008
Rising Dollar Hits U.K. CarrierA large multinational insurer says it is suffering from currency fluctuations as well as the turmoil in world investment markets.Old Mutual P.L.C., London, the parent ...
September 04, 2008
Premium Finance Firm Gets JudgmentsA premium finance company says a state court has permitted it to foreclose on 2 borrowers.Mutual Credit Corp., Irvine, Calif., says a Orange County, Calif., ...
September 04, 2008
Premium Finance Firm Gets JudgmentsA premium finance company says a state court has permitted it to foreclose on 2 borrowers.Mutual Credit Corp., Irvine, Calif., says a Orange County, Calif., ...