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.

Morningstar

Safeco Mutual Funds has signed an agreement with FT Interactive Data to use the financial information provider’s Fair Value Evaluation Service. The service, which FT Interactive calls the first of its kind, combines its fair-value methodology, historical data and a support infrastructure to provide fund families with tools to perform fair valuations in global markets to meet the guidelines of the Securities and Exchange Commission.

Atlas Advisors has picked Madison Investment Advisors to sub-advise two no-load mutual funds.

With the markets still in decline, Morgan Stanley and Merrill Lynch, both of New York, recently mounted aggressive marketing efforts to calm investors' nerves. The message? Buy low, sell high. And if you don't want to be in equities or mutual funds, look into alternatives.

The debut of Barclays Global Investors' (BGI) bond exchange-traded funds (ETF) could not have been better timed.

Not only are gold funds the top-performing fund category over the past year, but with returns of 56.9%, they have far outpaced the second-best-performing category, real estate funds, which have returned 14.8% for the 12 months ended June 30, according to Lipper of New York.

A number of leading fund companies, Fidelity Investments of Boston and Charles Schwab & Co. of San Francisco included, are resisting a proposal that would require them to make a fund's monthly performance available to investors by the third day after the month.

Two minds, or more, are better than one.

Total hedge fund assets around the world grew 34% in 2001, with investors placing $144 billion in additional assets in such vehicles for a total $563 billion, according to a report Merrill Lynch released earlier this month.