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Pax World Balanced Fund last week introduced a contribution program whereby investors can contribute dividends and capital gains for humanitarian aid to Iraqi citizens affected by the ongoing war.
March 31 -
No, a "high-tech compliance system" is not an oxymoron. In fact, just about every mutual fund company is grappling with ways to leverage technology to increase the speed and efficiencies of mundane but vital compliance tasks, while keeping their eyes trained on the bottom line and trying to rein in costs.
March 31 -
Margin pressures may hasten the pace of consolidation in the fund industry, indicates a report from Lipper of New York, issued last week.
March 31 -
Half full? In these dire times, we tend to think half empty, if not drained, when it comes to our retirement plans. Over the last three years, the downturn has eradicated at least $678 billion in U.S. retirees' savings, according to the University of Michigan.
March 24 -
Nearly one in three sales to mutual funds with front-end sales charges don't get the discount they deserve. That's according to a report jointly issued last week by the Securities and Exchange Commission, the National Association of Securities Dealers and the New York Stock Exchange.
March 17 -
WASHINGTON - Congress will be going over mutual fund fee practices with a fine-tooth comb to ensure investors are getting a fair shake.
March 17 -
SCOTTSDALE, Ariz. - Communication, education, strategic partnerships and outsourcing are the name of the game for the "401(k) sales champions" who took to the podium to share their expertise with attendees at the American Society of Pension Actuaries (ASPA) here.
March 17 -
The Bank of New York (BONY) has just signed managed account deals with insurance giant ING Group and a small North Carolina trust company to expand its managed account niche by supplying products to smaller companies and back-office services to larger ones.
March 17 -
Merrill Lynch will start a donor-advised fund in April that will link the New York brokerage firm with a national network of community foundations to boost its charitable-giving assets.
March 10 -
SCOTTSDALE, Ariz - The American Society of Pension Actuaries (ASPA) Executive Director Brian H. Graff warned the plan sponsor and retirement-services industries to jointly get their acts together and provide investors with better investment tools, or they will have Congress on their collective backs.
March 10 -
The clock is ticking for the Investment Company Institute (ICI), the fund industry's largest and most influential trade group, as 11th-hour lobbying efforts to stave off proxy-voting disclosure may not cut the mustard.
March 10 -
The B in B shares stands for "Bogus."
March 10 -
It takes money to make money, the adage goes, and this is no less true for the mutual fund industry. The sale of B shares requires up-front capital to compensate brokers, and at the same time generates an asset-based income stream that varies according to the fortunes of the market. To ease both of these pressures, fund companies have securitized 12b-1 fees, basically selling off that future income for a set period of time, in exchange for an up-front lump sum.
March 10 -
Sarbanes-Oxley? It sounds more like a debilitating disease than a remedy for corporate malfeasance.
March 3 -
By John C. Wilcox, Vice Chairman, Georgeson Shareholder Communications Inc.
February 24 -
Shareholder resolutions reached a record number this year - 862, up from 802 last year - according to a proxy season overview report by prominent activist proponents.
February 17 -
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If you ignored the fact that this tale involved mutual funds, it would read more like a soap opera.
February 17 -
If you are looking for corporate integrity, check out the mutual funds. In our lifetime, we have seen major scandals or collapses of the banks, savings and loans institutions, the life insurance industry, big businesses - even religious organizations.
February 17 -