- Money Management Executive
* ASD Foundation Funds Research, which the NASD established in 2003 to improve
February 13 - Money Management Executive
After growing for two consecutive years, investments in 529 college savings plans dipped in 2005, according to The Wall Street Journal.
February 10 - Money Management Executive
Target-date retirement funds are catching on at Barclay Global Investors, which announced that assets in those funds doubled in 2005. Barclays was the first to offer so-called lifecycle funds in 1993, and today manages close to $10 billion in that category, which is an increasingly popular option offered through many 401(k) plans.
February 10 - Money Management Executive
The New York Stock Exchange announced yesterday that Bear Stearns has been fined $1.5 million in restitutions, for violating rules having to do with index arbitrage trading, and failing to supervise brokerage accounts and improper communication on the part of one of the firm's research analysts, according to MarketWatch.
February 10 - Money Management Executive
The Securities and Exchange Commission has fined Memphis-based Morgan Keegan $558,807 for allowing late trading to a hedge fund.
February 10 - Money Management Executive
The NASD has fined Sanford C. Bernstein Analyst Charles B. "Brad" Hintz $200,000 for violating the regulator's industrywide conflict of interest rules. NASD also fined New York-based Bernstein, a subsidiary of Alliance Capital Management $350,000.
February 10 - Money Management Executive
The Securities and Exchange Commission has charged John R. Shrewder of Oklahoma and his company, Franklin Group Inc., for defrauding investors, as he allegedly embellished the investments in two penny stocks, Artec Inc and Sequoia Interests Corp, according to The Victoria Advocate.
February 9 - Money Management Executive
For the first time ever, there is now an ETF based on futures contracts, and the fact that it uses derivatives is a form of encouragement for new commodities ETFs to step forward and do the same, according to MarketWatch.
February 9 - Money Management Executive
An astonishing one of five workers actually knows what his or her retirement income will be upon retirement, highlights the AXA Equitable Retirement Scope Survey findings. At the same time, knowing that Social Security is an important income element for retirees, 90% view it as "in trouble" or "in crisis."
February 9 - Money Management Executive
With interest rates potentially continuing to rise, bond markets may receive renewed attention from mutual fund investors, according to the Associated Press.
February 9 - Money Management Executive
The Securities and Exchange Commission has dropped its investigation of Morningstar in connection with incorrect data about fund returns published by the Chicago-based mutual fund research company, Morningstar indicated Wednesday.
February 9 - Money Management Executive
London-based Henderson Global Investors has launched a new Japan-Asia Focus fund, investing in Japanese and other Asian companies.
February 8 - Money Management Executive
Executives at mutual fund companies increased their contributions to Washington politicians in 2004 to $1.3 million, data from opensecrets.com shows. That's a significant increase from the last presidential election year, in 2000, when they donated $391,938. And so far, in the 2006 cycle, employees at the top 10 mutual fund companies have donated $257,297.
February 8 - Money Management Executive
Russel Kinnel, director of mutual fund research at Morningstar in Chicago, has pinpointed four struggling funds that have recently shown new signs of life. But looks can be deceiving, he adds.
February 8 - Money Management Executive
In an agreement that further reflects the popularity of outsourcing non-core business, Oaks, Pa.-based SEI Investments, will provide mutual fund administration, accounting, distribution and compliance services to Westwood Holdings Group.
February 7 - Money Management Executive
Morningstar has reassigned five key analysts in its mutual fund division.
February 7 - Money Management Executive
State Street Global Advisors unveiled three new industry-specific SPDR exchange-traded funds that focus on Standard & Poor's Select Industry indexes. They are the SPDR Biotech, SPDR Homebuilders and SPDR Semiconductor funds, and all three are trading on the American Stock Exchange.
February 7 - Money Management Executive
Why would a mutual fund portfolio manager continue to hold General Motors stock, which fell 52% in 2005 and earned the distinction of being the worst performer among those in the Dow Jones Industrial Average?
February 7 - Money Management Executive
Separately managed account assets could skyrocket from the first wave of Baby Boomers, who turn 60 this year.
February 7 - Money Management Executive
Self-directed retirement accounts allow investors to make unconventional investments, and more and more people are opting for these higher-risk strategies in hopes of great gains, according to Business Week Online.
February 6