Money Management Executive Latest News

Investors are turning less frequently to financial advisers and brokers to purchase mutual funds, and more frequently to the safe haven of banks.

Just a decade old, exchange-traded products have now garnered more than $102 billion in assets, according to Morgan Stanley data.

More than one in three workers would consider dipping into their retirement saving early if they were to lose their job, despite knowing the consequences of an early withdrawal, according to a recent survey by American Century Investments.

As worries about the war with Iraq mounted last month, investors poured even more money into bond funds and increased their withdrawals from equity funds, according to Lipper.

Alliance Capital Management announced Thursday it has expanded its partnership with Sanford C. Bernstein and will rename its mutual fund distribution branch, Alliance Fund Distributors, AllianceBernstein Investment Research and Management, effective March 31, along with putting the AllianceBernstein moniker on its domestic mutual funds.

Harvard will liquidate investments in two close-end funds run by Templeton, a unit of Franklin Resources, after both sides agreed to drop law suits against each other, Templeton announced Thursday.

American Century announced Wednesday it will advise clients who open "rollover" Individual Retirement Accounts.

Investors are preoccupied with sales fees, when they should really be looking at funds’ operating expenses. That’s the conclusion of a report by a team from the University of Michigan and the University of California at the Berkeley and Davis campuses.

While most mutual fund managers are bullish about a swift and triumphant war with Iraq, some say the war’s cost is not big enough to save a slow U.S. economy.

A quick and victorious war lasting no more than two or three months is what most mutual fund managers anticipate will take place in Iraq, but if that does not happen, it could spell serious trouble for the markets, which have already factored such a scenario in.