Money Management Executive Latest News

More participants in employment-based retirement plans are rolling over their lump-sum distributions into another account upon leaving a job, and fewer are spending those distributions on new consumption, according to a study conducted by the Employee Benefit Research Institute.

James Investment Research Inc, with $1.35 billion in assets under management, recommends that financial advisers and money managers urge investors to focus on high-value, long-term investment stocks in the upcoming volatile year, the Dayton Daily News reports.

A Merrill Lynch survey reveals that money managers are becoming more hopeful when it comes to domestic stocks - a region they have been shying away from for the past two years or so - because of forecasts for economic and profit growth, Bloomberg News reports.

Due to the recent regulator prods, many mutual fund companies have began to disclose more information, like how much managers invest in their funds and a clear breakdown of fund expenses. Thus, a number of mutual fund service providers and regulators have launched new online tools to help investors sort through the information, The Wall Street Journal reports.

Many mutual funds are lowering their fees, a practice that began as a maneuver to try and regain investors' trust following the trading scandals of 2003, The Wall Street Journal reports.

After suffering a miserable October, hedge funds crawled back to positive territory last month, gaining 0.07% on average, HedgeWorld.com reports.

OppenheimerFunds is adding a Roth option for its 410(k) and 403(b) retirement programs, effective Jan. 1, the company announced this week.

Rydex Investments has launched the Euro Currency Trust, an ETF that will track the price of the euro. Each share of the ETF will represent 100 euros as well as accrued interest. The ETF will trade on the New York Stock Exchange, and charge an annual fee of 0.4%.

More judges are rejecting lawsuits charging that 401(k)s that offer company shares without warning employees of the risks of investing in company stock, on the reasoning that the losses of a few investors cannot be blamed on an entire retirement plan, The Wall Street Journal reports.

The NASD fined Chase Investment Services $150,00 and ordered it to repay $140,262 to investors for allowing one of its hedge fund clients to market time 19 mutual funds between at least February 2002 and August 2003.