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Retail investors in municipals are shaken, but still standing, after a relentless barrage of negative media hype surrounding forecasts for massive municipal bankruptcies and defaults later this year.
February 9 -
Consumer Reports said that its Consumer Reports Trouble Tracker Index rose for the third straight month in a row, to 58.7. The index was 54.2 last month and 53.4 in February 2010.
February 9 -
Forward Funds has launched the Forward Commodity Long/Short Strategy Fund, which aims to profit from both up and down movements of commodity prices.
February 9 - Money Management Executive
Long-term funds netted $4.01 billion in inflows in the week ended Feb. 2, the Investment Company Institute said.
February 9 -
An innovative do-it-yourself investment platform is looking to broaden its business by providing high-net-worth-style service to investors who have as little as $50,000.
February 7 - Money Management Executive
For those advisers who haven’t handled an iPad yet to conduct business, or have not been persuaded to work with annuities, The Hartford has its sight on you.The Simsbury, Conn.-based insurance company is piloting iPads for its annuity sales force. A dozen field wholesalers have fanned out across their territories since late January, carrying much of the product’s marketing materials with them on the tablet, said Timothy Benedict, a spokesman for The Hartford.
February 7 -
361° Capital has launched the 361° Absolute Alpha Fund, its first mutual fund.
February 7 -
Turner Funds on Monday debuted three new long/short mutual funds, the Turner Market Neutral, Turner Medical Sciences and Turner Titan funds.
February 7 -
Nearly two-thirds, 62%, of investors have changed their approach to investing following the recession, TD Ameritrade found in a survey. The most common changes were moving into fixed income, cited by 28%, and into mutual funds and managed accounts, cited by 23%.
February 7 - Money Management Executive
The ability to make choices is the pillar of a free market economy. But when it comes to the Internal Revenue Services' new tax reporting requirements, choices will mean plenty of additional operational and technological headaches for mutual fund companies over the next year.
February 7