Money Management Executive Latest News

Pax World Balanced Fund, a socially responsible mutual fund, said it is aiming to provide various forms of aid to the war-torn nation of Afghanistan.

Parents and grandparents who are saving for children's college education are concerned about being able to save enough and plan to start saving earlier to meet their goals, according to a recent study conducted by Alliance Capital.

Investors who recently retired or changed jobs say they were stressed and confused when it came time to roll their 401(k)s into other investment vehicles and would have welcomed help from their plan providers, according to a study conducted by consulting firm Spectrem Group.

Morgan Stanley recently unveiled a new tool that is designed to help investors analyze how their assets are allocated.

Although 59% of baby boomers believe retirement will hold "the best years of their lives," 47% will continue to work into their golden years because of inadequate retirement savings, according to a recent survey by Allstate Financial. In all, 71% of boomers intend to continue working, with some of those doing so for social contact or to simply keep busy.

Federated Investors has announced that it will consolidate its three investment management units into two newly formed groups that will oversee equity and fixed-income portfolios.

Investors withdrew a record $49 billion from equity mutual funds in July, Lipper reported. This followed $13.8 billion in equity fund outflows in June [see MFMN 7/29/02].

Investors withdrew a record $49 billion from equity mutual funds in July, Lipper reported. This followed $13.8 billion in equity fund outflows in June [see MFMN 7/29/02].

Investors who held onto stocks through the bottoms of the 12 bear markets since World War II gained an average 32.5% in the first 12 months of the market’s recovery, while those who bought just a week after the beginning of each rebound earned 24.3%, SEI Investments reported today.

Parents and grandparents who are saving for children’s college education are concerned about being able to save enough and plan to start saving earlier to meet their goals, according to a recent study conducted by Alliance Capital.