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Being owned by a bank has handcuffed many mutual fund units. Just don't tell that to JPMorgan Chase & Co.'s J.P. Morgan Funds.
March 8 -
$420B in Retirement Plan, Endowment Assets Expected to Change Hands in 2010
March 8 - Money Management Executive
The Securities and Exchange Commission has taken a major step toward structured, automated reporting with its requirement that all money market fund activity be filed using the eXtensible Markup Language (XML) data-tagging format-an aspect of the updated Rule 2a-7 that was overshadowed by its net asset value disclosure requirements.
March 8 - Money Management Executive
Electronic trading in the equity markets has grown dramatically in recent years and is expected to continue growing, according to a new survey of institutional equity traders and technologists.
March 5 -
Investors showed uncanny calm, inertia or perhaps even malaise during the recession, with a scant 1% selling out of equity funds at the height of the market volatility in October 2008, Vanguard found.
March 5 -
Baltimore asset management titan T. Rowe Price reported its executives took compensation cuts in 2009, led by CEO James Kennedy, who had his compensation package slashed by 17%.
March 5 -
Nine percent of executives in the finance, insurance and real estate sector plan to hire full-time staff members in the next quarter, a new survey by Robert Half International found. Overall, 10% are planning on hiring, and only 6% are planning layoffs.
March 5 -
The fixed investment mandates of mutual funds and the pressures put on portfolio managers to deliver short-term gains take a head-turning toll on gains. Just take a look at the 20% annualized gains of Berkshire Hathaway over its 45 years of existence.
March 5 -
Long-term mutual funds gained another $10.97 billion in sales in the week ended Feb. 24, the Investment Company Institute said. Sales over the past 50 weeks have been consistently positive and near half a trillion, or $487 billion.
March 5