Portfolio

Azzad Asset Management is widening the distribution of one of its funds.

Mutual fund assets inched up by $179.6 billion, or 1.3%, to $13.856 trillion in April, according to data from the Investment Company Institute.

Karla D'Alleva Valas, a managing director of the Complex Asset Group for Fidelity Charitable, says she cringes during her church's services when congregants drop envelopes of what she assumes is cash into the donations basket. Why? Cash is expensive, she told advisors at the Women Advisors Forum in Dallas on Thursday.

Alternative mutual funds are making their way into the market via mutual fund firms, hedge funds, private equity shops and now banks.

Money market mutual fund assets increased by $12.20 billion to $2.613 trillion for the week ended Wednesday, May 29, according to data from the Investment Company Institute.

Outflows among tax-exempt money market funds continued to fluctuate in the week ended May 27 as $1.84 billion fled the industry and total net assets settled at $257.43 billion, according to The Money Fund Report, a service of iMoneyNet.com.

The T. Rowe Price Group has agreed to sell its banking unit to the investor Jacob Safra.

Money market mutual fund assets increased by $12.20 billion to $2.613 trillion for the week ended Wednesday, May 29, according to data from the Investment Company Institute.

Henderson Global Investors' foray into the US market began at an inopportune time: It launched its first three funds on August 31, 2001, days before the September 11 attacks.

Alternative mutual funds are making their way into the market via mutual fund firms, hedge funds, private equity shops and now banks.