Funds pump cash into CDs (Business Standard India) Mutual funds On Tuesday stepped up investments in one-year certificates of deposit (CDs) as they received inflows in their fixed maturity plans (FMPs) and on expectations that short-term rates may fall further, dealers said.
Exodus from mutual funds slows down (Toronto Star) Canadian investors drastically slowed their withdrawals from mutual funds last month, posting net redemptions of $909.8 million after October's $8.4 billion rush to get out.
Avoiding steep IRA fees (CNN Money) Question: My adviser charges me between 5% and 6% of what I invest in the Mutual Funds for my IRA. He says this fee is extremely fair to me. But I previously had an IRA for which I paid only $20 a year. What is an acceptable fee for an IRA? --Teresa Nagengast, Deptford, New Jersey
