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Mutual, pension and hedge fund managers have been investing large quantities of cash in the market in recent weeks, and while the pace of their buying has been slowing, it appears to indicate their faith in a continued rally, Reuters reports.
August 5 -
Five years in the making, it appears that Strong Funds investors who were harmed by mutual fund market timing may soon receive their share of the $154 million settlement.
August 5 -
The Depository Trust & Clearing Corp. has partnered with Delta Data Software to add enhancements to its mutual fund database used by broker/dealers and other distributors to retrieve important information.
August 4 -
Fidelity Investments has joined the growing chorus of fund companies, brokerages and regulators warning investors about potential outsized losses in leveraged exchange-traded funds due to the effect of compounding.
August 4 -
Nearly one in five advisers think the financial crisis will last another five years, and 33% think the American way of life has been irrevocably changed for years to come, a survey of advisers from firms of all sizes by Phoenix Marketing International found.
August 4 -
Natixis Global Associates has introduced a multi-strategy, absolute-return fund in partnership with AlphaSimplex Group, the Natixis ASG Diversifying Strategies Fund.
August 4 -
Bond funds attracted seven times the amount of money than stock funds in the three weeks between July 1 and July 22, despite the impressive 9.9% rise in the Dow Jones Industrial Average—signaling very different investor behavior than previous rallies, USA Today reports. As the paper puts it, “The stock market may be roaring, but mutual fund investors are snoring.”
August 4 -
Despite this year’s arduous business environment, independent RIAs remain optimistic, according to the results of the 2009 Charles Schwab RIA Benchmarking Study. In fact, 84% of advisers surveyed expect to grow moderately or faster over the next five years, with 35% predicting aggressive growth and 49% seeing growth at a more modest pace looking forward.
August 4 -
A full 66% of investors do not expect the economy to improve until next year-or even later-and only 34% peg improvement for this year, online brokerage TradeKing found in a survey of 3,000 of its customers.
August 3 -