Mutual funds

In an opinion piece in today’s Wall Street Journal, Charles R. Schwab, chairman of Charles Schwab Corp., spells out the grave danger that the near-zero fed funds rate poses for senior citizens. With their purchasing power effectively eviscerated by 76%, retirees are “financially starving,” Schwab says.

Victory Capital Management, the asset management arm of KeyCorp's KeyBank, says it is positioned to quickly expand the assets it manages in collective investment trusts, or CITs, for defined contribution plans, but the effort will not lack challenges.

The U.S. Supreme Court rejected the Jones v. Harris Associates excessive mutual fund fee case Tuesday, essentially vacating the Chicago federal appeals court’s rejection of the case on the basis that such cases can only be heard when they involve fraud.

The U.S. Supreme Court rejected the Jones v. Harris Associates excessive mutual fund fee case Tuesday, essentially vacating the Chicago federal appeals court’s rejection of the case on the basis that such cases can only be heard when they involve fraud. The Supreme Court has asked the lower court to reconsider the case.

With investors more prone to invest in alternatives in the wake of the financial crisis, they might want to consider commodities, according to an article written by three university professors and the managing director of the CFA institute in the upcoming issue of Journal of Investing.

T. Rowe Price was named the Best Overall Fund Group for large companies at the 2010 U.S. Lipper Fund Awards ceremony held March 24 in New York.

A new investment firm is promising to shake up the way Americans invest by providing individuals with direct access to institutionally priced mutual funds and other investments.

Recovery to Exceed Expectations: Barclays

The Securities and Exchange Commission is concerned that some mutual funds and actively managed and leveraged ETFs, in particular, may be investing too heavily in swaps and derivatives.

Institutional investors are warming to a market many now see as priced right, and an economy that they believe will be revived by corporate spending, even if unemployment fears keep consumers from opening their wallets.

WASHINGTON — A federal judge in Manhattan has refused to dismiss class action claims filed by local governments alleging that Wells Fargo & Co. and 15 other banks, broker-dealers and investment brokers conspired to rig bids and fix prices of guaranteed investment and derivatives contracts in the municipal market.

Ambac postponed the release of its 4Q and year-end earnings last week due to ongoing discussions with counterparties

T. Rowe Price was named the Best Overall Fund Group for large companies at the 2010 U.S. Lipper Fund Awards ceremony held March 24 in New York.

Because Apple hasn’t even launched the iPad tablet yet and most publishers and marketing firms still don’t have completed apps, which Apple must first approve, there are many unanswered questions about how it works for readers and advertisers alike.

NEW YORK—ING Solutions Funds Portfolio Manager Paul Zemsky has been bullish about the economy since the second quarter of last year and he expects strong growth to continue.

Most major equity markets rallied in February, driving the Morningstar 1000 Hedge Fund Index up 0.3%. The Morningstar MSCI Hedge Fund Index eked out small returns as well, up 0.7%.

Despite strong market returns last year, a majority of financial advisers have found that their clients will have to work three to five years longer to maintain their standard of living during their retirement, according to a survey.

As the global market crawls out of the recession, the rapid proliferation of narrowly focused exchange-traded funds, which slowed as markets crumbled in the past two years, is beginning to gain momentum again.

WASHINGTON — President Obama's successful fight to pass healthcare reform has given a bill to revamp the financial system a dramatic boost, lawmakers from both parties said Wednesday.

Sixty-one percent of leading mutual fund companies are taking advantage of the provision in the 2010 Tax Increase Prevention and Reconciliation Act that allows investors to convert a traditional IRA to a Roth, by proactively educating investors, a Corporate Insight analysis found.