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Mutual Funds News Archive29-May-2009
TD Bank's asset management unit to close 3 mutual funds (The Globe and Mail)
investment management unit said it plans to terminate three Mutual Funds, citing reduced investment opportunities and falling client demand due to changes to the tax-treatment of income trust securities.
Mutual Funds: Fund managers seek stock-market salvation (Market Watch)
What do you call a gathering of mutual-fund managers after a bear market? A revival meeting.
TD Asset Management Inc. to terminate operations of three mutual funds (CNW Group via Yahoo! Finance)
TD Asset Management Inc. today announced plans to terminate three mutual funds . Effective May 29, 2009, the Funds will cease offering units for purchase and will be terminated on or about July 31, 2009.
Federated Investors acquires two mutual funds (Pittsburgh Tribune-Review)
The deal, whose terms were not disclosed, is Federated's second equity-funds acquisition since September.
Are ETFs a better investment than stocks or mutual funds? (MSN Money Canada)
While you can make money with leveraged ETFs, they don't provide twice the return of the index for long periods of time. Exchange traded funds have grown in popularity in recent years because they offer advantages over both stocks and mutual funds.
Mutual Funds Reap Inflows for 10th Straight Week (Financial Planning.com)
For the 10th straight week in a row, mutual funds took in inflows, the Investment Company Institute revealed. However, the flows tapered off to $9.69 billion for the week ended May 20.
Federated buying 2 mutual funds (Pittsburgh Post-Gazette)
Federated Investors announced today it has a definitive agreement to acquire two mutual funds operated by Touchstone Advisors, boosting the Downtown investment manager's assets under management by approximately $233 million
(AFX UK Focus) 2009-05-29 14:29 UPDATE 1-TD Bank's asset management unit to close 3 mutual funds (Interactive Investor)
May 29 (Reuters) - Toronto-Dominion Bank's investment management unit said it plans to terminate three mutual funds, citing reduced investment opportunities and falling client demand due to changes to the tax-treatment of income trust securities.
TD Asset Management to terminate three funds (Investment Executive)
TD Asset Management Inc. plans to terminate three Mutual Funds, the company said Friday. Effective May 29, the funds will cease offering units for purchase and will be terminated on July 31.
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