Money Management Executive Latest News

Though still in the beginning stages of formation, 529 plans are getting a boost from those who administer them by a new industry group called the College Saving Foundation (CSF).

Janus’ new subsidiary, Enhanced Investment Technologies, or Intech, has just launched the Janus Risk-Managed Stock Fund, which will seek stocks with low volatility and correlation to one another.

The lagging stock market hasn’t turned investors away from equity investments, according to new research from the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI). In a five-year examination of 401(k) investment activity, asset allocation remained 70% unchanged.

The Investment Company Institute has added a consumer guide to mutual fund breakpoints on its Web site. Julie Domenick, EVP, said that the information goes hand-in-hand with a concerted effort by the fund industry to assure that consumers receive proper pricing for mutual fund purchases.

Not all bank funds are created equal--even when they look remarkably similar. That's the word from John Hancock Funds of Boston, adviser to the closed-end $727.6 million John Hancock Bank and Thrift Opportunity Fund and the more veteran open-end John Hancock Regional Bank Fund, with $2.3 billion in assets.

Evergreen Closed-End, Junk Fund IPO Raises $900 Million

MIAMI - "Millions of Americans put their faith and trust in us to see them through retirement, and we let them down," Donald A. McMullen Jr. said here in his keynote National Investment Company Service Association, or NICSA, Annual Operations Conference address.

Sarbanes-Oxley? It sounds more like a debilitating disease than a remedy for corporate malfeasance.

Perhaps it was a twist of fate that landed me here at The Dreyfus Corp. as a wholesaler, as I was days away from taking my professional career in a total different direction. Now my job is to cover the state of Michigan on behalf of Dreyfus, and I spend as much time as I can in front of brokers, helping them grow their business. At the same time, I am at the top of my field in many respects.

Isn't it funny how even though millions of investors are losing money these days from their portfolios - many crying a sad story after witnessing their retirement savings washed away by a consecutive three-year bear market - that, ultimately, it's these burned investors who drive the market for the mutual fund industry?