- Money Management Executive
Exchange-traded funds specializing in Latin American and energy were among the best performers in the third quarter, MarketWatch reports. The top-performing fund was the iShares MSCI Brazil Index fund, up 34.8%, followed by the iShares S&P Latin American 40 Index fund, up 27.5%.
October 3 - Money Management Executive
A former employee's penchant for excessive mutual fund trading has landed Bank of Hawaii in hot water with Securities and Exchange Commission, Reuters reports.
October 3 - Money Management Executive
On the heels of a similar warning earlier this month from Valley Forge, Pa., fund giant Vanguard Group, the nation's financial planners and analysts say they're advising clients to stay out avoid the energy patch at all costs.
October 3 - Money Management Executive
Nearly 10 months since President Bush first revealed his desire to include private accounts in Social Security reform - an effort that included a three-month, nationwide barnstorming campaign to drum up support - the administration is no closer to getting a proposal heard by Congress.
October 3 - Money Management Executive
CHICAGO - The Securities and Exchange Commission plans to make all footnotes and related commentary for Form N-Q filings public, which is causing consternation in the industry.
October 3 - Money Management Executive
NEW YORK - In 1934, German engineer Ferdinand Porsche invented the "people's car," known today as the Volkswagen Beetle. Affordable and reliable, it was arguably the first car within reach of the everyday consumer and almost instantly brought mass motoring to the streets of Germany. Over its lifespan, it has accounted for more sales worldwide than even Henry Ford's Model T.
October 3 - Money Management Executive
Janus Capital Group must really be confident in the potential performance of its funds, because the Denver-based mutual fund company's management board voted unanimously on Sept. 20 to charge performance-based fees on 13 of its 59 funds, representing 30% of its $130 million of assets under management.
October 3 - Money Management Executive
Mutual fund complexes, which own more than 22% of U.S. corporate stocks, are the puppets of corporate bigwigs, and the relationship is harming shareholders, a new study from the Center for Political Accountability (CPA) claims.
October 3 - Money Management Executive
Only 34% of Americans expect to be prepared for retirement, according to a recent Wall Street Journal Online/Harris Interactive poll of 1,772 people who are key financial decision-makers in their households. Nearly a third, 27%, don't think they'll have enough money saved, and 39% are not sure.
October 3 - Money Management Executive
The Securities and Exchange Commission will host its first national CCO Outreach Seminar on Nov. 8 at the Commission's headquarters. With space available for only 500, the SEC is accepting registrations online and giving priority to chief compliance officers. The SEC will also webcast the all-day meeting at its home page.
October 3