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Mutual Funds News Archive08-Dec-2008
Drop in value of mutual funds to boost fees (Chicago Tribune)
Brace yourself: Your mutual fund fees are likely to increase next year.
Bear reorders mutual funds (Tucson Citizen)
The bear market has utterly transformed the mutual fund landscape.
Some closed mutual funds are reopening (Denver Post)
As investors pull money out of the falling stock market, several high-profile mutual funds are reopening to new investors. The latest are from Fidelity: the $47.67 billion Contrafund, which closed in 2006, and the $17.8 billion Low-Priced Stock Fund, which closed in 2003.
Investors drain $12B from mutual funds (CNN Money)
Money flowed out of mutual funds last week, erasing a spike in deposits from the week before, as market volatility continued to undermine investors' confidence.
The Future for Funds (Washington Post)
The apple cart is officially upset. With nowhere to hide, investors are pulling money out of mutual funds at an unheard-of pace. September was the worst month ever for redemptions. Then October doubled that rate. Because of redemptions and lost market value, the fund industry manages almost $2...
Mutual Funds Beating Insurance Companies at Retirement Income Race (Financial Planning.com)
Contrary to widely held beliefs in the annuity and insurance industries that they are poised to cash in on the 78 million retiring Baby Boomers, a new report from Diversified Services Group finds that mutual funds are positioning themselves to do a better job of serving this market.
DTCC extends mutual funds services to investment managers (Finextra)
The Depository Trust & Clearing Corporation (DTCC) announced today a change in its rules that will, for the first time, give investment managers who ...
Bear market alters mutual fund landscape (USA Today)
The bear market has utterly transformed the mutual fund landscape. The largest mutual fund is no longer the American Funds' Growth Fund of America. It's Fidelity Cash Reserves, a $130.7 billion money fund. The largest fund company is no longer Fidelity Investments. It's the Vanguard Group. Only one stock fund remains among the five largest mutual funds.
U.S. mutual funds hit by record investor withdrawals in October (Seattle Times)
The biggest stock market declines in nearly eight decades sent investors fleeing to U.S. government debt, bank deposits and money-market funds, considered the investments least likely to suffer losses.
The Future for Funds (Washington Post)
The apple cart is officially upset. With nowhere to hide, investors are pulling money out of Mutual Funds at an unheard-of pace. September was the worst month ever for redemptions. Then October doubled that rate. Because of redemptions and lost market value, the fund industry manages almost $2 trillion less than it did a year ago. Barring a huge market rally, here are a few things you should ...
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