Mutual funds

Goldman Sachs' asset management division has agreed to purchase the mutual fund division of Dividend Growth Advisors, in a push to offer more income-generating funds.

TIAA-CREF has launched the TIAA-CREF Global Natural Resources Fund, aimed at providing investors with diversification, a hedge against inflation and an opportunity to participate in the growing demand for resources among the world’s seven billion population.

An estimated $9.2 billion flowed out of long-term mutual funds for the week ending Wednesday, Nov. 30, according to the latest statistics by the Investment Company Institute, a trade association for U.S. investment companies.

The Hartford will hire up to 50 in its mutual fund sales distribution unit, in a push to beef up this division.

Lots of attention has been paid this year to the fact that investors are yanking billions after billions out of mutual funds that invest long-term in domestic stocks.

The Depository Trust & Clearing Corporation says it has enhanced its cost basis reporting service to help mutual fund managers and other financial intermediaries transfer cost basis information on investors’ accounts from one firm to another.

Standard & Poor's Indices said it launched a Pan-Arabian stock index.

PHOENIX, Ariz. -- Predictions are easiest to assess, when a year is over.

PHOENIX, Ariz. – He blew right by me. On one leg.

The operators of the Hong Kong Exchanges are taking steps to enter the index business, toward creating benchmarks of the performance of stocks on mainland China and in emerging markets, such as Russia, Brazil, India and South Africa.

Fidelity Investments has filed with the Securities and Exchange Commission Dec. 1 to offer a broad range of domestic and international equity and fixed income exchange-traded funds – putting to rest longtime speculations as to when, not if, Fidelity would enter the ETF market.

Here’s why it might make sense to diversify into some Asian mutual funds, according to analysts at S&P Capital IQ: While Europe’s growth will be hampered by debt turmoil in the next year, growth in Asia is expected to continue to exceed that of the United States.

But most of that money went back into bond funds and hybrid funds, which took in a combined $16.3 billion for the month.

Equity-income funds provide a buffer against extreme market volatility.

Long-term mutual funds took in $1.4 billion in the week ended Nov. 22, according to the Investment Company Institute.

NYSE Euronext, in partnership with Bloomberg New Energy Finance, is launching three “clean energy” stock indexes. The three indexes will be focused on performance of clean energy firms around the globe. The intent is to track public companies “most active in the world's historic shift to low-carbon energy.’’

Vanguard Group founder John C. Bogle said Wednesday that Republication presidential candidates’ pledge to not raise taxes as any part of a solution to the nation’s $1.2 trillion annual fiscal deficit “makes no sense.”

Investors’ continuing obsession with purchasing Treasury bonds is a sign of ‘irrational exuberance,’ says the chairman of investment manager T. Rowe Price when 10-year yields are under 2.0%.

"Emerging markets are just a niche asset class" persistently remains as one of the five biggest myths about investing in emerging markets, said John Flint, chief executive officer of HSBC Global Asset Management.

Jon B. Lovelace of The Capital Group passed away Wednesday at age 84. In 1951, Lovelace joined Capital Group, which his father, Jonathan Bell Lovelace, founded.