Money Management Executive Latest News

SAN DIEGO, Calif. - Mutual fund companies are being compelled to give investors more information than they want or need and requirements could become more onerous, according to industry executives and some regulators.

Mutual fund costs have decreased over the past 19 years, even when particularly low-cost funds and large fund complexes which tend to have lower costs, are excluded in calculating the industry averages, according to the Investment Company Institute.

SAN DIEGO, Calif. - Competition among mutual fund companies will continue to drive down margins and force more mergers and acquisitions of firms and the consolidation of funds, according to mutual fund executives.

SAN DIEGO, Calif. - With T+1 looming in 2002 and extended trading hours soon to become a reality, mutual fund companies must achieve straight-through-processing within the next two years, mutual fund executives said at the Investment Company Institute's tax and accounting conference here last week.

SAN DIEGO, Calif. - Effective risk management of mutual funds extends beyond instituting portfolio controls to complying with regulations and, most importantly, maintaining reputation, mutual fund executives told their peers at the Investment Company Institute's tax and accounting conference here last week.

BOSTON - Accountants and insurance agents have been stereotyped as boring compared to Wall Street's stockbrokers, but their sales potential is nothing to yawn at, according to fund executives who spoke at a conference here last week.

Something that acts a little bit like a mutual fund B share is coming to the world of wrap programs for the first time.

All of the funds of American Century Investments of Kansas City, Mo. are now available through FundsNetwork, Fidelity Investment's mutual fund supermarket.

The SEC, which increasingly is examining the securities trading practices of money managers, has sued an investment adviser for allegedly failing to get the best execution of trades for its clients.

BOSTON - The widespread demand for advice among investors is shaping mutual fund distribution, and putting financial intermediaries and other third-parties who offer advice in commanding positions, according to several speakers at a conference here last week.