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Mutual Funds News Archive13-Jul-2008
Sluggish economy affects some mutual funds more (Akron Beacon Journal)
After the burst of the technology bubble, the Standard and Poor's 500 stock index plunged 42 percent from April 2000 through February 2003. During the same period, three Mutual Funds I own that invest mostly in stocks posted gains averaging 35 percent.
Mutual funds reversed their slide in last quarter (Asbury Park Press)
U.S. stock Mutual Funds eked out a 0.2 percent gain in the second quarter, reversing the sharpest slide in five years, as energy and commodity stocks helped managers overcome the collapse of the subprime-mortgage market.
Manulife receives approval to launch new suite of retail mutual funds (Banking Business Review)
Manulife Mutual Funds has received regulatory approval to launch a new suite of retail mutual funds called Manulife Mawer Funds.
Variety enhances mutual funds with end dates (Pittsburgh Tribune-Review)
Investors often are drawn to target-date mutual funds thinking that an investment run on autopilot is one less thing to worry about. But when the going gets bumpy, nonchalance can give way to urgent questions about whether to move money around.
Stock Mutual Funds Saw $7.08 Billion Outflow Thursday-Wed - TrimTabs (Nasdaq)
NEW YORK -(Dow Jones)- Stock mutual funds saw an outflow of $7.08 billion during the week ended Wednesday, compared with an outflow of $13.28 billion during the previous week, according to TrimTabs Investment Research estimates.
CII-PWC report recommends major reforms of mutual funds industry (New Kerala)
New Delhi, Jul 12 : A CII-PricewaterhouseCoopers (PWC) report on the Indian mutual fund industry today asked the government to re-consider the net worth criteria for obtaining a mutual fund licence, bridging the human assets gap, and adopting best practices relating to compliance, outsourcing and accounting.
U.S. stock funds reverse plunge in 2nd quarter (Seattle Times)
U.S. stock mutual funds eked out a 0. 2 percent gain in the second quarter, reversing the sharpest slide in five years, as energy and commodity...
Mutual funds should brace up for outsourcing (Express India)
The mutual fund industry in the country should brace up for embracing outsourcing of activities such as accounting services to compete with global players, a report said.
Battered mutual funds get new manager (Memphis Commercial Appeal)
Shareholders in Regions Morgan Keegan Mutual Funds pummeled by subprime mortgage and high-yield bond investment losses voted for a new investment manager and new five-member board of directors for the funds Friday.
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