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Mutual Funds News Archive18-Dec-2007
China allows banks to invest in British stocks: regulator (AFP via Yahoo! News)
Chinese banks will be able to invest client money in British stocks and Mutual Funds, China said after a striking a deal with the European nation's regulators.
Easing taxes on mutual fund gain (Baltimore Sun)
Eileen Ambrose -- Personal Finance Mutual fund investors brace yourselves: You might be in your biggest tax bite since 2000.
November mutual fund sales $1.8B, off from $2.4B in October, $2.6B a year ago (The Canadian Press via Yahoo! Canada News)
TORONTO - Canadians invested $1.81 billion in mutual funds last month, with short-term money market funds accounting for all of the net inflow.
Worst outflows since 2002 at U.S. stock mutual funds (Seattle Times)
Investors have been pulling out of U.S. stock mutual funds, especially recently. Net outflows so far this year are 20 percent above their...
Wells Fargo Advantage Funds(R) Announces Fund Reorganizations, Consolidations, and Closing of Class B Shares (PR Newswire via Yahoo! Finance)
Wells Fargo Funds Management, LLC, announced today that the Wells Fargo Advantage Funds Board of Trustees has approved initiatives to simplify its mutual fund offerings through the reorganization of 15 Wells Fargo Advantage Funds.
Canadians piled into money market funds in Nov (Reuters via Yahoo! Canada News)
Canadians bought a whack of money market mutual funds in November as equity markets dropped, according to industry data on Monday, the second month in a row that these short-term investments topped the list of fund purchases.
DundeeWealth's Anthony Leaves as Firm Studies Bids (Update1) (Bloomberg.com)
Dec. 18 (Bloomberg) -- DundeeWealth Inc., the Toronto-based owner of Dynamic Mutual Funds, said Deputy Chairman Kym Anthony left the company three weeks after it began studying takeover bids.
Investors flock to money market funds (The Globe and Mail)
Shaky stock markets spurred Canadian investors to jump into money market funds with a vengeance in November
Net mutual fund sales slump as investors seek safe haven (Toronto Star)
Canadians invested $1.81 billion in Mutual Funds last month, with short-term money market funds accounting for all of the net inflow. The November net sales reported by the Investment Funds Institute of Canada were down from $2.41 billion in October and from $2.61 billion in November 2006.
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