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Mutual Funds News Archive14-Nov-2007
Class Action Against WaMu Alleges Brokerage Steered Customers Into WaMu Mutual Funds: Finkelstein & Krinsk Appointed ... (PR Newswire via Yahoo! Finance)
A class action lawsuit has been brought in the United States District Court for the Southern District of California, asserting that Washington Mutual maintained and failed to disclose a "preferred list" of proprietary Mutual Funds while concealing from investors revenue-sharing and other incentive programs intended to sell the WM Group of Funds.
Subprime fallout hits big money market funds (USA Today)
Bank of America, stung by the fallout in subprime mortgages, acted Tuesday to safeguard a bedrock investment of ordinary Americans: money market Mutual Funds.
Advisers aren't ready to dump money-market funds yet (Market Watch)
SAN FRANCISCO (MarketWatch) -- With money-market mutual funds scrambling to cover their costs as credit meltdowns spread, some advisers say they're seeing more interest from high net-worth clients in short-term, bond exchange-traded funds.
Foreign mutual funds working for investors (The Nashua Telegraph)
Investors have been pouring money into foreign mutual funds for a simple reason: The United States has one of the world's slowest-growing economies. But if you own a fund that invests exclusively in large U.S. companies, chances are you already have lots of exposure to foreign markets. ...
Integrity Mutual Funds, Inc. Announces Third Quarter 2007 Earnings (Business Wire via Yahoo! Finance)
MINOT, N.D.----Integrity Mutual Funds, Inc. , a mutual fund and financial services company, today reported revenues for the third quarter of 2007 of $10,197,203, a 45% increase from revenues of $7,015,276 for the third quarter of 2006.
Yen Falls on Speculation Japanese Funds Buying Overseas Assets (Bloomberg.com)
Nov. 15 (Bloomberg) -- The yen declined against 14 of the 16 most-actively traded currencies on speculation Japanese mutual funds are buying overseas assets in search of higher yields.
F-class mutual funds fail to take the market by storm (Investment Executive)
Manufacturers of mutual funds continue to release a steady stream of F-class funds to appeal to advisors who would rather charge fees for their services and clients who prefer to see fees broken out and clearly stated. To date, however, this fund class has received only limited take-up.
BMO to offer multi-series structure for certain BMO Mutual Funds (Investment Executive)
BMO Investments Inc. today announced that, effective November 9, certain BMO Mutual Funds have qualified for distribution as Series I units or Series D units, or both, in addition to the Series A units, which are available to all investors.
BMO Investments Inc. to Offer Multi-Series Structure for Certain BMO Mutual Funds to Provide Investors with More ... (CNW Group via Yahoo! Finance)
BMO Investments Inc., the manager of BMO Mutual Funds, today announced that, effective November 9, 2007, certain BMO Mutual Funds have qualified for distribution as Series I units or Series D units, or both, in addition to the Series A units, which are available to all investors.
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