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.
Ameriprise, Waddell & Reed, and optionsXpress Post Results
By Ron PechtimaldjianA trio of financial services companies reported their quarterly results on Tuesday, April 27. Ameriprise Financial and Waddell & Reed Financial posted solid earnings, while optionsXpress Holdings disappointed with a small drop.
April 27, 2010
Goldman Trader Tourre Denies SEC Fraud Charges in Congressional TestimonyA Goldman Sachs vice president, Fabrice Tourre, who was named in the SEC's civil suit against Goldman, told a Senate Subcommittee on Tuesday, April 27, that he denies the SEC's allegations.
April 26, 2010
Stifel to Buy Thomas Weisel; New Firm Would Have 1,900 Advisors, $100 B in AUMStifel Financial and Thomas Weisel Partners Group said Monday, April 26, that they have entered into a roughly $300 million merger agreement.
April 23, 2010
Stocks Rise on Economic Reports and Greek Bailout RequestWith Greece formally requesting a bailout package and positive economic reports in the U.S., stocks across Europe and the U.S. rose Friday, April 23, but uncertainties over Greece's long-term stability dented the bond market.
April 23, 2010
Target-Date Funds' Q1 Performance DataThe average target maturity fund had a positive return for the fourth-straight quarter of 3.8%, slightly below the 4.0% return of the fourth quarter of 2009
April 23, 2010
More on Supreme Court's Decision in Harris CaseThe court's decision has been seen as favorable for fund companies, although some observers believe it could lead to more lawsuits over fees and possibly lower fees.
April 23, 2010
Four Reasons Target-Date Funds Dominate Retirement InvestingWith target-date funds, investor returns over the past three years exceeded the funds' total returns in every target-date category except for one, and far exceeded a shareholder's experience owning a traditional mutual fund.
April 23, 2010
How a Top Advisor Uses Mutual Funds for College SavingsA conversation about mutual funds and saving for college with Dan Forbes, CFP, owner of Forbes Financial Planning in Providence, R.I.