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.
Vanguard Gets New President
By Melanie WaddellVanguard's Board has elected William McNabb as its new president and as a director effective March 1, replacing John Brennan. McNabb, 50, will also succeed Brennan as CEO within a year. Brennan, 53, who has served as Vanguard's president since 1989 and CEO since 1996, will remain chairman and stay...
February 11, 2008
Old Mutual To Sell VA Contract Through AdvisorsA life insurer has come out with a new variable annuity product.Old Mutual Financial Network, Atlanta, a unit of Old Mutual P.L.C., London, has started ...
February 08, 2008
MFS Launches Target Total Return FundMFS Investment Management unveiled a new Diversified Target Return Fund (DVRAX) that will use quantitative as well as fundamental analysis in its investment strategy, and...
February 08, 2008
Weathering China's Ups and DownsProFunds has created two new mutual funds designed for investors who are bullish on Chinese stocks and for those who believe the Chinese market will plummet.
February 08, 2008
The Long and Short of ItTo satisfy what it says is demand from advisors and other intermediaries, State Street Global Advisors, the investment management arm of State Street Corp., recently launched the SSgA Core Equity Fund, a mutual fund that takes both long and short stock positions, which is known as a 130/30 fund.
February 07, 2008
Asian OpportunityOberweis Asset Management, in Lisle, Illinois has launched a new no-load foreign fund, Oberweis Asia Opportunities Fund (OBAOX), to be managed by Senior Portfolio Manager...
February 03, 2008
Bond Insurers' Woes Prompt NAIC GuidanceThe current credit crunch precipitated by subprime mortgage problems is hurting bond insurers and, in turn, creating problems for carriers who hold bonds in their ...
February 03, 2008
Bond Insurers' Woes Prompt NAIC GuidanceThe current credit crunch precipitated by subprime mortgage problems is hurting bond insurers and, in turn, creating problems for carriers who hold bonds in their ...