Money Management Executive Latest News

Ten large-sized mutual funds with at least $250 million in assets are poised to beat the S&P 500 for the eighth year in the row, Bloomberg reports.

Talk of actively managed exchange-traded funds has existed for years, but now one company, ETFs LLC, actually has an application for one pending at the Securities and Exchange Commission, TheStreet.com reports. And the American Stock Exchange is working on creating one.

Legg Mason Inc. has renamed its mutual funds, including most Smith Barney and Salomon Brothers mutual funds, into Legg Mason Partners funds family. It is one of the last steps Legg Mason is taking in a rebranding effort to transition the funds and to create Legg Mason Partners as a unified and cohesive fund family.

Mutual fund managers are entrusted with a vast majority of Americans’ money; however, they don’t always have the best interest of their clients in mind, according to Forbes columnist Laszlo Birinyi. An investor should be able to pick stocks and manage their mutual funds themselves as well as a manager.

Investors might be contemplating which option is better, a bond mutual fund or a money market fund. It is a tricky answer, especially when the usual pattern of interest yields is out of whack, as it is right now, according to Bloomberg columnist Chet Currier.

International and value stocks are poised to do well in the coming year, while growth stocks will continue this year's flat path. This is according to Columbia Management's 2007 Outlook webcast last week.

Although mutual funds can surely stake their claim to the lion's share of 401(k) plan assets, and exchange-traded funds have been the popular up-and-comers, separately managed accounts may soon be able to carve out a heftier piece of the 401(k) pie.

U.S. mutual fund managers are feeling more optimistic. A Merrill Lynch survey of fund managers found a significant change in tone by pros investing domestically.

Pennsylvania has selected Vanguard and Upromise to replace Delaware Investments as manager and recordkeeper, respectively, of its 529 college savings plan.

Transamerica Taps Barlow As Regional Vice President