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NEW YORK - As the turbulent economy begins to calm down, investors will likely gravitate toward index-based, middle-of-the-road mutual funds, opening the door for opportunists to sweep up bargains, industry experts say. And the safer, the better.
June 9 -
The Securities and Exchange Commission doesnt think there is a need for hedge funds to include certain derivatives when calculating how they report ownership stakes in companies, according to a June 4 letter.
June 6 -
As Citigroup looks to restore confidence and drive up its profits, rumors are circulating that the financial giant has received the first round of bids for its mutual fund and insurance sales unit, Primerica Financial Services.
June 6 -
Money market mutual funds assets rose by $18.06 billion to $3.520 trillion for the week ending June 5, according to the Investment Company Institute.
June 6 -
Wachovia Corp. says its retail retirement group is drawing assets by having advisers work face to face with customers at every income level to create a retirement plan.
June 6 -
Millionaires became slightly more optimistic about the future of the U.S. economy in May, according to Spectrem's Millionaire Investor Index.
June 6 -
Fidelity Investments is laying off 550 workers, most of them among its 5,700-employee facility in Merrimack, N.H., where mutual fund and human resource customers are served, according to various reports.
June 6 -
JPMorgan Chase & Co. has a pair of initiatives designed to strengthen its position in the asset management market.
June 6 -
Moodys has placed the triple-A insurer financial strength ratings for Ambac Assurance Corp. and MBIA Insurance Corp. on review for a possible downgrade.
June 6 -
A new study released by Strategic Insight pointed out that traditional point-of-sale commissions for mutual fund sales are close to being extinct. Of all the sales in 2007, 60% occurred without any front-end loads.
June 4