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Setting up a mutual fund in China or India may be appealing to U.S. fund companies because of the growing affluence and high savings rates in those countries. But it is a long and multi-faceted process.
August 13 -
The last decade has been rough for the mutual fund industry. This means boards of directors must have the tools for overseeing compliance and take on the oversight.
August 13 -
Julius BaerGroup Ltd., the Swiss money manager established in 1890, agreed to pay about 860 million Swiss francs ($880 million) for Bank of America Corp.'s Merrill Lynch wealth management business outside the U.S.
August 13 -
Morningstar has unveiled a medal count for the 106 funds covered under its new Morningstar Analyst Ratings, with five funds garnering Gold; 22 earning Silver, and 39 netting Bronze. Rounding out the rankings, 38 funds receiving Neutral ratings and two received negative.
August 13 -
Custom target-date strategies will hold 22% of 401(k) target-date assets by 2016, or $218 billion, according to research from Cerulli Associates. That will be a nearly four-fold increase from the 2011 asset level of $46.4 billion.
August 13 -
Throughout 2012, high-yield muni funds have seen some of the best total returns among bond funds, with consistent inflows. Still, some industry watchers warn of large risks for the sector.
August 13 -
Consolidated U.S. equity volumes are at four-plus year lows, according to Raymond James Research. Volume in July was 11% down from June and 13% from a year ago.
August 13 -
The Dow Jones Industrial Average gained 42.76 points Friday to end at 13,207.95 while the Nasdaq and S&P 500 added 2.22 points and 3.07 points, respectively.
August 10 -
On August 13, 2012, Somewhere in the world this week, Jeffrey Gundlach is smiling.
August 10 -