Money Management Executive Latest News

Lots of attention has been paid this year to the fact that investors are yanking billions after billions out of mutual funds that invest long-term in domestic stocks.

PHOENIX, Ariz. -- Congress can’t agree on how to cut the nation’s $1.2 trillion deficit, which is now more than 140% of the nation's gross annual economic output.

PHOENIX, Ariz. -- Richard A. Ferri, the founder of Portfolio Solutions, spent much of his first day at the Super Bowl of Indexing here trying to collect names.

Standard & Poor's Indices said it launched a Pan-Arabian stock index.

just-say-grow

PHOENIX, Ariz. -- Predictions are easiest to assess, when a year is over.

PHOENIX, Ariz. -- A member of the President Obama’s Council of Economic Advisers as the mortgage-led global credit crisis erupted said Monday that the last big weapon in the Federal Reserve Board’s arsenal to create strong growth is to avoid “tinkering around the edges” of the economy and aggressively reset expectations.

Since the financial crisis and Great Recession, 401(k) plans have undergone dramatic shifts. To foster diversification and greater participation, 51% of participants in Fidelity Investments' 401(k) plans are in automatically enrolled plans, up from 16% five years ago, and 73% of the plans use target-date funds as the default, up from 11% in 2006. In the past year, 64% of sponsors changed their investment lineup-up dramatically from 20% in 2008.

The State Street Investor Confidence Index rose two points in November to 97.2. In North America, the index rose 4.7 points to 95.2, and in Europe, it rose 5.4 points to 101.5. In Asia, however, the index fell 4.2 points to 94.6.

Brian C. Rogers of T. Rowe Price is worried about the "irrational quest for safety" (see story, page one) that investors appear to be obsessed with, at the moment.