Money Management Executive Latest News

After leading the markets, Brazil and China have recently taken a back seat to old faithful blue chips, according to the Associated Press.

"Earnings momentum" strategy is back in a big way, but right now, it's not such a momentous time for investors, as market forces seem to be pushing their portfolios down, according to The Wall Street Journal.

The automatic options that Charles Schwab offers to plan sponsors and participants in its 401(k) platform are growing increasingly popular, the company said.

J.P. Morgan Chase offshoot JF Asset Management today launches its JF China Pioneer A-Share Fund. Managed from Hong Kong, the fund will be the first permitted to invest directly in China Class A Shares, according to the Wall Street Journal. The initial public offering will continue until June 30.

A new mutual fund from Blue Investment Management, the Blue Fund, caters to Democratic sensibilities by seeking out companies that make political donations to Democratic candidates or political action committees and embrace progressive values, CNNMoney.com reports.

The Securities and Exchange Commission voted unanimously last week to revisit the controversial independent chairman rule, reopening it for 60 days to public comment on its costs and "any issue related to the underlying purpose of the independence requirements, which is the protection of funds and fund shareholders."

The Internet could allow mutual funds to disclose to investors all the information that they have the right to, only, but on a need-to-know basis - and that might just be what investors want most, a panel of experts told Federal regulators during a roundtable discussion hosted last week at the Securities and Exchange Commission's Washington headquarters.

Financial intermediaries want more time to comply with Securities and Exchange Commission's Rule 22c-2, slated to take effect Oct. 16.

Wachovia Bank has been named a defendant in a potential class-action lawsuit that charges that the bank acted in its own self-interest without regard to its responsibilities to the sole beneficiary of two discretionary trust accounts originally created in 1990 for a boy who had been shot and crippled and relied on those trust assets to cover future medical and educational expenses.

Technology funds are ready to prove to investors that they've learned their lesson, come back with stronger fundamentals and seize on a development that rivals the Internet, according to Rudy D. Torrijos III, a vice president for emerging growth at Delaware Investments.