- Money Management Executive
No-load mutual fund share classes, particularly those without 12b-1 fees, have become the single most important share class in mutual fund sales through intermediaries, according to a study by Strategic Insight.
May 31 -
The State Street Investor Confidence Index rose 6.8 point in May to 104.1, its highest reading since December. The increase was led by North American investors, among whom confidence rose 7.7 points to 106.3 from 98.6 in April. European investor confidence rose 5.2 points to 79.0 from 73.8. However, Asian investor confidence fell 2.7 points to 96.7 from 99.4.
May 31 -
John Hancock Funds has launched the John Hancock Hedged Equity & Income Fund, a closed-end fund that had its initial public offering on the New York Stock Exchange on Friday. This is Hancock’s tenth closed-end fund. Wellington Management is the subadvisor.
May 31 -
Gene Gohlke has retired as associate director for examinations in the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations after more than 35 years of public service at the SEC.
May 31 -
The District of Columbias budget vote last Wednesday jolted local municipal bond investors who could see their taxes jump on Oct. 1 as a result of a provision to tax the interest earnings from munis issued outside the district.
May 31 -
The Central Texas Regional Mobility Authority, the first toll road agency of its kind in Texas, is looking for yield-hungry investors willing to take a risk on $374 million of revenue bonds at or below investment grade next week.
May 31 -
ING Direct's customers now have one more hoop to jump through to use a personal financial management site. ING isn't apologizing for the inconvenience, and perhaps counterintuitively, PFM providers see no reason ING should.
May 31 -
In the wake of the economic tsunami, banks are reassessing their business models to see what fits and what doesn't in this new era.
May 31 -
Barclays expects Greece will be propped up for another year. Raymond James' Jeffrey Saut likes technology stocks. Vanguard is still bullish on money markets. S&P looks for funds holding consumer staples stocks that might do better in a U.S. stock market downturn.
May 31 -
Emigrant Bank now helps clients appraise and sell antiques and art to round its wealth management services.
May 31
