- Money Management Executive
Over the next five years, Japanese money managers will reverse the momentum that foreign fund managers have established in that country, according to a report by Cerulli Associates of Boston.
October 11 - Money Management Executive
Strong Funds of Menomenee Falls, Wis., has introduced a new website and a free educational CD-ROM for people who are interested in tax-free municipal bond funds, the company announced.
October 11 -
Retirement is the main reason people save and invest in only three of ten leading nations - in the U.S., Germany and the U.K., according to a survey commissioned by American Express of Minneapolis, Minn. People in France, Hong Kong, Italy, Singapore and Taiwan save money to have a cushion in case of an emergency, particularly in case of being laid off from their jobs.
October 4 - Money Management Executive
T. Rowe Price Associates of Baltimore, Md. announced that a survey of its mutual fund shareholders found that they are not overly anxious about potential Y2K problems and few will change their investment habits when the new year arrives.
October 4 - Money Management Executive
Fidelity Investments of Boston announced that it is introducing an enhanced online trading section of the firm's website which provides investors with their own personal web pages.
October 4 -
Most employers are outsourcing their retirement plans, but a large number are not paying much attention to how well their plans are being managed for them, according to a study completed this summer for Delaware Investments of Philadelphia by Greenwald & Associates of Washington, D.C. It may be because of the bull market, according to one Delaware executive.
October 4 - Money Management Executive
Gabelli Funds LLC of Rye, N.Y. is going back a second time to shareholders of two of its funds to seek approval for adding shares with sales charges.
October 4 -
Orbitex Management of New York, investment adviser to the Orbitex Group of Funds, has announced the merger of the American Diversified Global Value Fund into the Orbitex Growth Fund.
October 4 - Money Management Executive
American Express Financial Advisors of Minneapolis, Minn. will market its sales training techniques to outside companies, the company announced last week.
October 4 - Money Management Executive
Heartland Advisors of Milwaukee, Wisc., adviser to the Heartland Funds, is asking shareholders to vote to liquidate the Heartland Mid-Cap Value Fund because of the fund's poor performance and investor redemptions. The Mid-Cap Value Fund has substantially under-performed its benchmark index, the S&P 400, and has fared poorly in rankings and ratings from independent fund-tracking firms, Heartland said in a preliminary proxy statement filed with the SEC Sept. 21.
October 4