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Amid research that mutual funds with good Morningstar stewardship grades tend to outperform funds with poor Stewardship grades, Morningstar has toughened those grades. Morningstar has just released new stewardship grades for more than 1,000 funds and plans to add to the coverage in the ensuing months.
October 8 -
Speaking at a hedge fund conference in Greenwich, Conn., Securities and Exchange Commission regulators indicated that they are conducting 30 investigations into hedge fund trading in the Northeast alone, Reuters reports.
October 8 - Money Management Executive
John Sabelhaus, an expert on retirement, modeling, savings behavior, pensions and Social Security, has joined the Investment Company Institute as senior economist. He will play a key role in ICI’s investor research program, in which the ICI conducts multiple surveys each year to understand about equity and mutual fund ownership, saving for college and retiree behavior.
October 5 - Money Management Executive
Bennett Freeman, senior vice president of social research and policy at Calvert Group, testified before the Senate Committee on Banking, Housing and Urban Affairs this week on the firm’s support of divestment of holdings of companies that support the Sudanese government, which has been conducting genocide over the past two years.
October 5 - Money Management Executive
Bank of America has introduced a unified managed account program designed for its wealthy and ultra-wealthy clients.
October 5 - Money Management Executive
Capital Group, parent company of the American Funds, is entering the Japanese market this month with the launch of two mutual funds that it will sell through Japan’s largest broker, Nomura Holdings, Reuters reports. One fund is a global equity fund and the second is a global equity and bond fund.
October 5 - Money Management Executive
F-squared Investments has launched 18 indexes of best-of-breed actively managed mutual funds, called ActiFindexes, through a new platformcalled Active Index Solutions (AIS).
October 5 - Money Management Executive
“It’s an absolute fact that fee disclosure is going to happen,” Rick Meigs, president of 401khelpcenter.com, told MarketWatch. “The battle now comes down to what form it takes.”
October 5 - Money Management Executive
The reality that Baby Boomers are beginning to retire is setting in at mutual fund companies, prompting many to turn their attention to younger generations, The Boston Globe reports.
October 4 - Money Management Executive
Investors cashed out of real estate investment trusts earlier this year, but with their fundamentals showing strength and the effects of the Federal Reserve’s latest half-point cut, flows out of REITs are slowing down, The Wall Street Journal reports.
October 4