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Mutual Funds News Archive20-Sep-2007
New BenefitStreet 401(k) Platform to Combine Exchange Traded Funds and Mutual Funds (Business Wire via Yahoo! Finance)
SAN RAMON, Calif.----BenefitStreet Inc., a pioneer in creating solutions for corporate benefits, today announced a new 401 platform that will enable investors to choose both exchange traded funds and Mutual Funds in the same plan.
Study questions voting diligence of mutual funds (Investment Executive)
Canada?s Mutual Funds routinely support corporate management on shareholder proposals, raising questions about voting diligence, says a new survey by the Social Investment Organization of Canada.
Money Funds Fell in Latest Week (AP via Yahoo! Finance)
Total money market mutual fund assets fell by $3.14 billion to $2.825 trillion for the week, the Investment Company Institute said Thursday.
Many investors snub actively managed mutual funds (USA Today)
Mutual fund investors are voting with their dollars and actively managed U.S. stock funds are losing by a landslide.
Mutual funds take a little work but are worth effort (Arizona Business Gazette)
Question : How do mutual funds work? - A.R., Santa Maria, Calif. Answer : A mutual fund is the money of many investors, pooled together and managed by a company of professionals.
`SBI MF plans six new funds this year` (Business Standard India)
SBI Mutual Fund (SBI MF), with Rs 22,049.32 crore worth of assets under management as on August 2007, is looking to benefit from the government move to allow public sector undertakings to invest in mutual funds.
NFOs fail to click for funds (Business Standard India)
In spite of all the hoopla surrounding new fund offerings (NFOs) by mutual funds this year, the year-to-date collections this year is much lower than last year?s figures. This year, mutual funds collected about Rs 12,000 crore through NFOs, lower than the January-August figures in 2006.
JPMorgan, ING Mutual Funds Backfire Using Long-Short Strategy (Bloomberg.com)
Sept. 20 (Bloomberg) -- JPMorgan Chase & Co., Charles Schwab Corp. and ING Groep NV mutual funds designed to protect investors when markets fall left clients with bigger losses than the Standard & Poor's 500 Index.
Start your kids on stock funds (The Clarion-Ledger)
If you want to get your kids started in investing in mutual funds, it's generally a good idea to keep things simple and focus on stock funds rather than bond funds, according to Morningstar.com. Because kids have lengthy horizons, go with large-cap funds. Look for no-load, low-expense funds requiring small initial investments. Some good fund choices for kids, according to Morningstar.com, are ...
Money market mutual funds (San Jose Mercury News)
MONEY MARKET Mutual Funds Assets of the 1,262 taxable money funds reported by Money Fund Report decreased $4.
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