Money Management Executive Latest News

Bargain-basement prices, empty wallets. You do the math.

Fund firms have earned more in fees than investors have gained from the funds themselves in recent years, and investors may choose to invest, instead, in low-fee, exchange-traded funds as an alternative, according to a recent report by FundExpenses.com.

Fidelity Investments has enhanced its trade-processing capabilities for registered investment advisers and fee-based broker/dealers.

Assets held in separately managed accounts finished 2002 virtually where they were at a year earlier, making them a significantly more stable investment than large, small and foreign stocks, according to The Money Management Institute.

Consumer Reports, arbiter of smart consumerism, has released its annual top mutual fund picks. Chosen not only for their performance but for low fees and highly experienced managers, the list of 40 value, growth and blend stock funds and 20 corporate, government and municipal bond funds will be released in the magazine’s March issue.

Investec Asset Management is bowing out of the U.S. mutual fund business, handing off the family to Guinness Atkinson Asset Management. The company is named after Tim Guinness, original founder, who had remained with Investec after his company was acquired, and Jim Atkinson, president of the funds at the time of the original acquisition.

Harvard/Templeton China Fund Fight Turns Ugly

President Bush's plans to radically change the way Americans save for retirement offer many interesting proposals, due to their simplicity and their availability for all. But it remains to be seen whether Congress will pass these sweeping changes into law.

An inadvertent administrative glitch can be a fund advisor's worst nightmare, especially when the renewal of a fund's advisory contract is botched.

Just over a week ago, the nation watched in horror as the space shuttle Columbia broke into pieces over Texas during its return trip to earth. While the future of the space program has been put in jeopardy, or at least called into question, funds investing in aerospace have little to worry about due to companies in this sector being well diversified into other areas, including military and defense contracts, according to experts.