Money Management Executive Latest News

TV's coverage of Tuesday’s terrorist attacks may have kept investors from paying attention to mutual fund transactions. That was the conclusion of a spokesman at a large mutual fund family, backed up by published reports that call volume to fund companies was unusually low.

While 65% of Americans believe that stock prices will go down in the weeks following the terrorist attacks, almost all said they would not sell their stocks, according to an Internet poll of more than 4,600 American adults conducted by Harris Interactive.

T. Rowe Price Associates, Delaware Investments and Huntington Bancshares Inc. announced today that they have re-opened their money market funds and have made them available for purchases and redemptions.

Our thoughts and prayers are with all who have been impacted by yesterday’s tragic events. Mutual Fund Market News extends its sympathy and heartfelt sorrow to those families and companies that have missing loved ones and employees.

Our thoughts and prayers are with all of those affected by today’s tragic events.

Many fund marketers have been anxiously developing "total return" products that will appeal to gun-shy investors in the current market climate. However, what does "total return" really mean in the context of mutual funds?

Nevertheless, of the 55 "total return" funds currently tracked by Morningstar, 31 are bond funds while 24 are equity products. Furthermore, 33 of the 55 funds don't identify themselves as equity or bond one way or another.

Oddly enough, not all near-clone funds managed by Gross carry the "total return" moniker, such as the Fremont Bond Fund.

February may seem far off, but it's high time that mutual funds get up to speed on after-tax disclosure. While many firms have already taken steps to integrate after-tax performance calculations, especially those aiming to meet the Securities and Exchange Commission's October 15 deadline for compliant fund advertising, some heel-draggers have procrastinated through the summer.

Paul Roye, director of the division of investment management at the SEC, gave fund executives a glimmer of hope that the rule might not come into effect at May's meeting of the Investment Company Institute.