- Money Management Executive
Davis Advisors recently reduced the fees on nine of its mutual funds, including the Davis New York Venture, Selected American Shares and Clipper funds. By Fortune’s calculations, although the reduction averages about 20 basis points for each fund, the company is forfeiting $3.3 million a year in fees, which the magazine hails for “doing the right thing for investors.”
November 4 -
UBS Wealth Management Americas continued to hemorrhage new client assets in the third quarter at almost twice the clip from the previous quarter. Advisers also continued to walk out the door to the point that the company may not be able gain market share from competitors.
November 3 -
With all of the news about low 401(k) balances and half of the people in the country not being offered either a 401(k) or a pension plan, amazingly, an estimated 10% may be saving too much for retirement. That’s according to the estimates of Harvard University economist David Laibson.
November 3 - Money Management Executive
The Timothy Plan, a fund company that aims to offer morally responsible choices, has launched a fund in direct response to government spending. The Defensive Strategies Fund aims to protest investors from either hyper-inflation or severe economic deflation by investing in commodities, real estate and Treasury inflation-protected securities.
November 3 -
Since the market’s low on March 9, small-cap value stocks have delivered some of the best performance, but experts believe the pendulum is swinging back in the direction of large-cap growth stocks, The Wall Street Journal reports.
November 3 - Money Management Executive
PIMCO has launched two new Treasury exchange-traded funds to round out its offerings. These include the PIMCO 3-7 Year U.S. Treasury Index Fund and the interest-rate sensitive PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund.
November 3 -
MassMutual Retirement Services, a unit of Massachusetts Mutual Life Insurance Co., announced that September was its best sales month ever.
November 3 -
Mutual fund investors are not alone in how the financial crisis has profoundly changed the way they approach saving, risk management and asset allocation. Without question, investors are more conservative and interested in flexible products that minimize risk and use alternative investments during heightened market volatility or a prolonged downturn as we saw in 2008.
November 2 -
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