Money Management Executive Latest News

A recent study has found that 368 of the 497 largest equity mutual funds lowered their operating expense ratios as their assets grew.

In the ten years since she founded the Spectrem Group of San Francisco, Amy Errett has regarded the mutual fund industry as an explosive "revolution."

Although the percentage of men and women saving for retirement is nearly equal, women need to invest more money for retirement because as a group, they tend to invest more conservatively than men, a recent survey reveals.

Net sales for stock and fixed-income mutual funds in November were down by more than 50 percent compared to October, according to Financial Research Corp. of Boston.

Investor expectations are at highs never before seen, according to an index on investor expectations managed jointly for the past 20 years by the Gallup Organization of Princeton, N.J. and PaineWebber of New York.

Shareholders of The Spectra Fund, managed by Fred Alger Management of Jersey City, N.J., are now able to purchase, redeem and exchange shares through the fund's website, www.spectrafund.com.

The Prudential Insurance Company of America of Newark, N.J. announced that it has signed an agreement to acquire a majority interest in Hochman & Baker of Northbrook, Ill., a firm that trains accountants to offer investment products to its clients.

Pilgrim Mutual Funds of Phoenix, Ariz. plans to merge a handful of funds with overlapping investment objectives as a result of ReliaStar Financial Corp.'s recent purchase of Pilgrim Capital Corp., also of Phoenix.

The Internet is good for transactions but it alone is not enough to serve the needs of mutual fund investors, according to a survey by Charles Schwab & Co. of San Francisco.

The Vanguard Group of Malvern, Pa. is planning to file a registration statement with the SEC for a no-load mutual fund that will track a new socially-responsible index, the company has announced.