Investment funds

Reductions of 18% to 54% bring total expense caps to 40 basis points to 1.10%.

Chinese regulators have approved the first mutual fund to invest in gold, as inflation fears stemming from loose monetary policies in the U.S. are driving interest in the commodity.

John C. Bogle is a titan of the mutual fund industry, identified most closely with steadfastly promoting the investing principles of slow and steady growth and truthful financial reporting.

John C. Bogle, founder and former chairman and CEO of Vanguard, has received many awards in his lifetime. In 1999, Fortune designated him one of the investment industry's four "Giants of the 20th Century." Princeton University honored Bogle with the Woodrow Wilson Award for "distinguished achievement in the nation's service." In 2004, Time named Bogle one of the world's 100 most powerful and influential people.

1774-Adriaan van Ketwih creates investment trust for investors limited capital in Netherlands called Eendragt Maakt Magt ("unity creates strength.")

Investigation might redefine insider trading.

Cutler Capital Management has launched the Cutler Absolute Return Fund, which aims to provide institutional investors with positive returns, regardless of the market direction.

As it readies for a massive pruning of its mutual fund family, Columbia Management Investment Advisers is promising a stronger, more affordable lineup.

Absolute-return funds may only comprise $140 billion, a scant 1.2% of the $11.26 trillion in mutual funds, but that will grow to 10% to 15% over the next decade, predicts Putnam Investments President and Chief Executive Officer Robert Reynolds.

Skittish investors withdrew a stunning $3.107 billion from municipal bond mutual funds in the week ending Nov. 17 — the single worst week of outflows and the largest departure of cash in 10 years, according to weekly fund flow data from Lipper FMI.

Many active fund managers get paid to predict where the market is headed—and to get there a step or two ahead of their rivals.But the management of Allianz Global Investors’ Global Investment Solutions Conservative Allocation mutual fund has shunned that approach, and in doing so achieved remarkable success.

AllianceBernstein has launched the AllianceBernstein International Discovery Equity portfolio, a bottom-up fund that will look for small- and mid-cap companies outside the U.S. with strong prospective earnings growth, valuation and management.

Despite the growing argument that buy-and-hold investing and diversification no longer make sense, Burton Malkiel, Princeton economics professor and author of “A Random Walk Down Wall Street,” writes in a Wall Street Journal op-ed Thursday that is absolutely not true.

Mark Notkin, portfolio manager of the $12.8 billion Fidelity Capital & Income Fund, the best-performing high-yield fund in the past five years, says the rally in junk bonds is over. His fund has delivered an average of 9.9% a year and is up 14% this year.

Modest growth is predicted for 2011 approaches, with equities showing promise and emerging markets looking particularly attractive for investors, according ING’s head of asset allocation.

The SEC will vote on raising the threshold for registration from $25 million to $100 million.

According to a survey of advisors, the answer is yes, but in other asset classes, there is no clear-cut leader.

The Hedge Fund Association said it is adamantly opposed to the establishment of a self-regulatory organization for hedge funds, which the Government Accountability Office is currently investigating under the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Build America Bonds have entered a world of their own.

Dan Martino, manager of the T. Rowe Price Media and Telecommunications Fund, has two big advantages over competing fund managers.