News on Mutual Funds

Mutual fund fees that are actually good for you

2010-03-16T13:00:31Z

<div id="subtitle">Redemption fees charged by mutual funds lead to better long-term performance, researcher says</div><div><p>Don't turn your back on mutual funds that charge redemption fees, says Michael Finke, associate professor and Ph. D. coordinator of personal financial planning at Texas Tech University. His research says such fees, whi...

$4 billion yanked from stock funds in February

2010-03-15T13:00:13Z

<div><p>BOSTON (Reuters) - Investors in February pulled an estimated $3.7 billion from U.S. stock-focused mutual funds, dashing hopes of a rebound in demand for equities, while showering $19.7 billion on taxable bond funds, according to a report from Morningstar.</p><p>After investors pulled almost $26 billion from U.S. stock funds last year, analyst...

Money fund assets fell to $3.090T in latest week

2010-03-11T22:15:58Z

<div id="subtitle">Money fund assets fell by $36.22 billion to $3.090 trillion in latest week</div><div><p>Total money market mutual fund assets fell by $36.22 billion to $3.090 trillion for the week, the Investment Company Institute said Thursday.</p><p>Assets of the nation's retail money market mutual funds fell by $9.87 billion in the latest week to $1.034 trillion.</...

Money fund assets fell to $3.126T in latest week

2010-03-04T15:45:35Z

<div id="subtitle">Money fund assets fell by $39.7 billion to $3.126 trillion in latest week</div><div><p>Total money market mutual fund assets fell by $39.7 billion to $3.126 trillion for the week, the Investment Company Institute said Thursday.</p><p>Assets of the nation's retail money market mutual funds fell by $6.04 billion in the latest week to $1.043 trillion.</p&...

What you might not know about ETFs and other fund types

2010-02-26T19:15:19Z

<div id="subtitle">Pros and cons in this investing primer</div><div><p>Why invest in a fund, a cluster of stocks, rather than the stocks themselves? The reasons are twofold. </p><p>First, a fund provides cheaper diversification for those investors with smaller amounts of capital. Buying each component of a fund spreads out your risk in the same way, but you can rack up significant brokerage fees in the process. </p><p>The second reason is true fo...

Get ready: Interest rate hikes bring good and bad

2010-02-26T08:45:30Z

<div id="subtitle">Bonds away: Coming rate hikes likely to be bad for bonds but may help investors in other ways</div><div><p>The rate hikes are coming! The rate hikes are coming!</p><p>Eventually.</p><p>Days after the Federal Reserve seemed to sound the alarm that the era of near-zero interest rates is ending, Chairman Ben Be...

Money fund assets fell to $3.166T in latest week

2010-02-25T17:45:33Z

<div id="subtitle">Money fund assets fell by $1.63 billion to $3.166 trillion in latest week</div><div><p>Total money market mutual fund assets fell by $1.63 billion to $3.166 trillion for the week, the Investment Company Institute said Thursday.</p><p>Assets of the nation's retail money market mutual funds fell by $7.07 billion in the latest week to $1.049 trillion.</p&...

Fidelity's 2009 profit rises 5 percent

2010-02-25T10:17:57Z

<div id="subtitle">Fidelity Investments' 2009 profit rises 5 percent as fund performance improves</div><div><p>Fidelity Investments said Thursday its operating profit rose 5 percent last year, boosted in part by job cuts, as revenue continued to lag after two years of unusual volatility in financial markets.</p><p>The nation's largest mutual fund company also saw fund performance improve.&...

Earns Fidelity Investments

2010-02-25T08:45:48Z

FILE - In this Nov. 6, 2008 file photo, a customer is silhouetted as he walks through Fidelity Investments in Boston. Fidelity Investments' operating profit rose 5 percent last year compared with 2008, and the nation's largest mutual fund company saw fund performance improve. (AP Photo/Lisa Poole, File)

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Money fund assets fell to $3.161T in latest week

2010-02-22T08:34:08Z

<div id="subtitle">Money fund assets fell by $37.65 billion to $3.161 trillion in latest week</div><div><p>Total money market mutual fund assets fell by $37.65 billion to $3.161 trillion for the week, the Investment Company Institute said Thursday.</p><p>Assets of the nation's retail money market mutual funds rose by $2.73 bil...

Do you understand your pension plan?

2010-02-22T09:30:34Z

<div id="subtitle">Defined-benefit vs. defined-contribution plans</div><div><p>In the past, the thought of retiring with a pension was very likely to raise images of a secure and steady retirement income after years of loyal service. </p><p>But times have changed. </p><p>Many pension plans used to be defined-benefit plans, in which the payments that you received from your employer wer...

Money fund assets fell to $3.198T in latest week

2010-02-22T10:00:59Z

<div id="subtitle">Money fund assets fell $6.73 billion to $3.198 trillion in latest week</div><div><p>Total money market mutual fund assets fell $6.73 billion to $3.198 trillion for the week, the Investment Company Institute said Thursday.</p><p>Assets of the nation's retail money market mutual funds fell $1.81 billion in the...

Money fund assets fell to $3.205T in latest week

2010-02-22T11:43:57Z

<div id="subtitle">Money fund assets fell by $13.55 billion to $3.205 trillion in latest week</div><div><p>Total money market mutual fund assets fell by $13.55 billion to $3.205 trillion for the week, the Investment Company Institute said Thursday.</p><p>Assets of the nation's retail money market mutual funds rose by $2.04 bil...

Developed market funds suffer investor redemptions

2010-02-22T13:42:54Z

<div><p>NEW YORK (Reuters) - Investor concern about tightening lending conditions in China and deteriorating finances in Greece and Japan led them to pull cash out of developed market equity funds for debt funds in the week ended January 27, fund tracker EPFR Global said late o...

SEC tightens rules for money funds

2010-02-22T14:12:36Z

<div id="subtitle">SEC tightens rules for popular money-market funds in bid to bolster investor protection</div><div><p>Federal regulators on Wednesday tightened rules for money-market mutual funds to require them to hold some assets that could be easily converted to cash and to disclose new information on fund values.</p><p>The Investment Company Institute said Thursday.</p><p>Assets of the nation's retail money market mutual funds fell by $4.88 bil...

Fidelity Investments President Lawson to retire

2010-02-22T17:29:43Z

<div id="subtitle">Fidelity Investments President Rodger Lawson to retire; 79-year-old CEO staying for now</div><div><p>Fidelity Investments President Rodger Lawson is retiring at the end of March after two-and-a-half years reorganizing a company that's now on better financial footing, but also about 9,000 employ...

SPECIAL REPORT:Divorce American style for French bank, bond star

2010-02-22T18:11:04Z

<div><p>NEW YORK (Reuters) - Jeffrey Gundlach, the prominent U.S. bond fund investor who refers to himself as "The Godfather," was storming around his office on September 3, 2009, red-faced and fuming. He was anxious about his future at