Fund performance

Wachovia Corp. says its retail retirement group is drawing assets by having advisers work face to face with customers at every income level to create a retirement plan.

Millionaires became slightly more optimistic about the future of the U.S. economy in May, according to Spectrem's Millionaire Investor Index.

Moody’s has placed the triple-A insurer financial strength ratings for Ambac Assurance Corp. and MBIA Insurance Corp. on review for a possible downgrade.

A new study released by Strategic Insight pointed out that traditional point-of-sale commissions for mutual fund sales are close to being extinct. Of all the sales in 2007, 60% occurred without any front-end loads.

Dow Jones Indexes was named the “Most Innovative ETF Index Provider of 2007” in the Americas at the 4th annual Global ETF Awards.

On Thursday, San Francisco’s Forward Management LLC unveiled its latest plan to acquire Seattle’s Accessor Capital Management LLC.

As Big Brown gets ready for his big day Saturday at the Belmont Stakes, his owners and financiers are already counting their predicted earnings.

Two titans of fundamentally weighted indexes are being compared to the funds they created, in the hopes of stirring up a little excitement.

While data from the Commodity Futures Trading Commission shows that hedge funds’ bets against the U.S. greenback have risen by 36% so far this year, Deseret Morning News reports, mutual funds and other institutional investors are raising their stakes in the dollar.

WASHINGTON - Mutual fund companies and their attendant banking channel need to engage the mass affluent, rather than simply chasing the wealthy, if they seriously want to develop their retirement businesses.

His firm may sponsor only three small exchange-traded funds right now, but if Sean O'Hara, president of RevenueShares Investor Services of Paoli, Pa., has his druthers, there'll be revenue-weighted ETFs in every investor's portfolio someday. With that in mind, the firm will be offering 10 additional sector ETFs within weeks, with more to come later this year.

Welcome to Money Management Executive's 6th Annual Fund Operations Awards.

While not exactly a national victory for the mutual fund industry, a recent court ruling regarding "excessive fees" could set a strong precedent for further disputes.

In the midst of market turbulence, many investors are blindly rushing to gold without any concern for the long-term consequences of doing so.

Money market mutual fund assets fell $4.28 billion for the week ending May 28, to $3.505 trillion, according to the Investment Company Institute. Assets of retail money market mutual funds fell by $3.99 billion to $1.223 trillion.

Harry Lange, a manager of Fidelity Investment’s popular $40.5 billion Magellan fund, believes that once the effects of the central bank’s rate cuts and the government’s economic stimulus packages kick in, U.S. stocks could be near an “important bottom.”

Investors seem to be moving more money to U.S.-based stock mutual funds.

Anthony Bolton, manager of Fidelity Investments’ Special Situations Fund in the U.K. for nearly 30 years—and who has turned out an average annual return of 19.5% in that time—is bearish on financials and mining stocks, The Wall Street Journal’s “Letter From the City” column reports this morning.

A study by the Genocide Intervention Network, conducted with Bloomberg, has found that companies that invest in countries with poor human rights practices make bad investments, both financially as well as ethically.

In an already crowded field, Northern Trust Corp. is the latest financial-services company to try and make its mark in the exchange-traded fund business.