Money Management Executive Latest News

Interest in BRIC Funds, named for their focus on the emerging markets of Brazil, Russia, India and China, has been steadily rising, New Jersey's Daily Record reports.

The pension reform bill that President Bush just signed into law will allow those age 70-1/2 or older to donate up to $100,000 a year from their IRAs tax free to charity, USA Today reports. But the window of opportunity to do so applies only to 2006 and 2007, and the donations must be made directly to the charity.

While August is the time when mutual fund companies file their proxy votes with the Securities and Exchange Commission, it's still too early to tell how they stack up on defending shareholders' interests against those of company management, because not all fund companies have filed these reports yet.

The Investment Company Institute reiterated its opposition to the Securities and Exchange Commission's governance rule, MarketWatch reports.

Whether it's 25 years in the workforce or 25 years in a federal penitentiary, investors' concerns are the same, according to MarketWatch.

Vanguard founder Jack Bogle and finance professor Jeremy Siegel took their long-standing debate over the best way to index from the editorial pages to the airwaves of CNBC last week, MarketWatch reports.

"Go-anywhere," or "free-range" fund managers have come into the limelight once again. The funds can be seen wherever lists of top-performing mutual funds are on display, according to Bloomberg columnist Chet Currier.

Keith A. Tucker, who resigned as chief executive officer of Waddell & Reed last year, is looking to avoid paying $1.23 million in earnings taxes to Kansas City, where the company is headquartered and where he worked between 1992 and 2005, The Kansas City Star reports.

Investors can have a hard time identifying "closet indexing"--when an actively managed fund actually is built around an index--but new measures might be useful to predict fund performance.

Investors have plowed $23 billion into reinsurers, both new and established, since Hurricane Katrina, according to the Reinsurance Association of America.