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Pension funds, mutual funds, and other institutional investors figure the bull market has more oomph in it because, well, other investors will jump in. Think Ponzi scheme. (Salon)
Investing in commodities Nov 8, 2009
Mutual funds do not invest in commodities directly but there are certain fund-offunds available which invest in the gold, silver and platinum mining companies. Although gold has given phenomenal returns over the past few years, precious metals should be held mainly as a safe investment rather than with the objective of earning high returns. (India Times)
SBI MF adds Rs 3,400 cr in October Nov 8, 2009
SBI MF becomes highest gainer, adds Rs 3,400 cr- MF News-Mutual Funds-Personal Finance-The Economic Times ... 49 crore, according to the data released by Association of Mutual Funds in India (AMFI). (India Times)
A New Uptrend Could Help Fix Flaws In Chart Nov 7, 2009
Most components of today's Big Cap 20 have poor Sponsorship Ratings, suggesting that many of the best mutual funds are avoiding them. The rating, created by IBD, is a way to tell if a stock is owned by the better-performing mutual funds. (Investors Business Daily)
Amid panic, uncertainty, they retired anyway Nov 7, 2009
With the help of a financial planner, he put those assets in a diverse portfolio that included an Individual Retirement Account, mutual funds, bonds and other fixed instruments and set a goal of 2008 to retire. 1. (MSNBC -- Business)
MutualFunds' equity base shrinks Nov 7, 2009
MFs' equity base shrinks as investors withdraw funds- MF News-Mutual Funds-Personal Finance-The Economic Times ... Retail investors will keep away from equity mutual funds until the market shows signs of stabilising, said Avinash Ramnath, national sales head, Canara Robecco Mutual Fund, which recently collected Rs 282 crore through its recently launched FORCE fund ... Sources say investors are withdrawing money from mutual funds to invest into PE funds and PMS schemes run by MFs. (India Times)
Diamond Hill paying special dividend Nov 7, 2009
Diamond Hill (NASDAQ:DHIL) manages mutual funds, separate accounts and a private investment fund. The firm had $4. (Columbus Business First, OH)
Stocks & economy Nov 7, 2009
Stocks & economy news - Stock, bonds & mutual funds - Wall Street top stories - latest stock prices. - msnbc. (MSNBC -- Business)
Oak Value gains 26%, beats S&P Nov 7, 2009
one of but a handful of Triangle-based mutual funds, reported returns of 26. 35 percent in the period from January 2009 through Sept. 30. (Triangle Business Journal)
Reese to address investors Nov 6, 2009
g. traditional IRAs, Roth IRAs and individual 401(k) plans) in a wide range of investments from traditional stocks, bonds and mutual funds to alternatives such as private equity, promissory notes and real estate. Real Estate IRAs; have grown in popularity over the years as more and more individuals became aware of their alternative investing options. (Princeton Bureau County Republican, IL)
Sebi working on systemic solution to investor woes Nov 6, 2009
CHENNAI: The Securities and Exchange Board of India (Sebi) wants to find a systemic solution to address recurring complaints from investors, even as it is trying to bolster investor confidence through measures such as the ban on entry load of mutual funds (MFs) and ASBA (Application Supported by Blocked Amount) facility in IPOs ... Later, talking on the sidelines of the event, Mr Bhave said Sebis recent measures such as the ban on entry load of mutual funds and ASBA facility for IPOs would... (India Times)
MFs' back-office services may come under Sebi watch Nov 6, 2009
MUMBAI: Fund accountants and administrators, who have been providing back-office services to the mutual fund industry for close to a decade now may soon come under the regulatory framework of market regulator the Securities and Exchange Board of India (Sebi). Sebi is planning to introduce the concept of professional fund accountants and administrators in the country. (India Times)
Buy This Investment If You Want to Lose Money Nov 6, 2009
Risky businessA recent Morningstar study revealed that not only do many active mutual funds fail to beat their respective indexes over time, but those that actually do accomplish that feat take on outsized risk to do it ... With your free 30-day trial, you'll not only get the latest financial planning and retirement advice, you'll also get the inside scoop on which mutual funds are right for your portfolio. (MSNBC -- Business)
TVS Shriram fund invests Rs 65 crore in Landmark Nov 6, 2009
CHENNAI: In the first major investment made by a Chennai-based PE fund, TVS Shriram Growth Fund is set to invest Rs 65 crore in exchange for a nearly 25% stake in book and music retail chain Landmark, a closely held subsidiary of Tatas listed retail business arm Trent that also operates Westside and Star Bazaar retail chains. This is the third investment for TVS Shriram a Rs 600-crore fund sponsored by the TVS and Shriram Group the first two being in TVS Logistics Services and 9. (India Times)
You can soon click to buy, sell MF units Nov 6, 2009
To avoid a monopoly, the Association of Mutual Funds in India has also chosen Central Depository Services, a BSE sibling, and registrars CAMS-Karvy to develop a similar platform. Both these fund exchanges may begin trading by March, said two people familiar with the development. (India Times)
•Audit rips Clark-Pleasant schools Nov 6, 2009
That money was transferred to a Kansas-based company as trustee, and an Indianapolis financial adviser invested the money in mutual funds and other investments, at least some of which auditors said are not allowed under state law. Indiana has specific laws governing the investment of public funds so taxpayer money is not put into risky investments, state examiner Bruce Hartman said. (The Daily Journal)
Citi files plans to spin off Primerica in IPO Nov 6, 2009
Primerica has about 100,000 sales representatives selling life insurance and investment products like mutual funds, mostly to middle-income households. It earned $244. (Muscatine Journal, IO)
James A. Dunlap Jr. & Associates LLC Announces Regions Financial Corp.'s Unit Morgan Keegan Hit With Award for Fault in Sale of Mutual Funds -- MKHIX, HIFAX, RHY, HMH; 100% of Claim Awarded Nov 6, 2009
James A. Dunlap Jr. & Associates LLC Announces Regions Financial Corp.'s Unit Morgan Keegan Hit With Award for Fault in Sale of Mutual Funds -- MKHIX, HIFAX, RHY, HMH; 100% of Claim Awarded - Yahoo ... James A. Dunlap Jr. & Associates LLC Announces Regions Financial Corp.'s Unit Morgan Keegan Hit With Award for Fault in Sale of Mutual Funds -- MKHIX, HIFAX, RHY, HMH; 100% of Claim Awarded. (Primezone Releases)
Money Fund Assets Fell to $3.339T in Latest Week Nov 6, 2009
Assets of the nation's retail money market mutual funds rose by $703 million in the latest week to $1 ... The seven-day average yield on money market mutual funds was unchanged in the week ended Tuesday at 0. (ABC News -- Wire)
MANA holds retirement planning session Nov 6, 2009 Essar arms $1 bn bond issue under RBI scanner Nov 6, 2009 US taxpayers risked US$4.3tril at height of crisis Nov 6, 2009 Stock questions? Ask Matt Nov 5, 2009 MF industry assets at Rs 7.62 lk cr Nov 5, 2009 Safety net for money markets Nov 5, 2009 Sebi easy over stock lending span Nov 4, 2009 Non-convertible debentures under RBI purview Nov 4, 2009 Domestic mutual fund assets move up in October Nov 4, 2009 Birla Sun Life MF AUM up 68 per cent Y-O-Y Nov 4, 2009 16 judges have investments in stocks Nov 4, 2009 China Led World Again In October; GDP Lives Large Nov 4, 2009 Escape Mutual Fund Fees Nov 4, 2009 SUPREME COURT NOTEBOOK: Justices split on Series Nov 4, 2009 OSI names Avon President Elizabeth Smith as CEO Nov 4, 2009 Survey: Prospects for Fla. recovery mixed Nov 4, 2009 Buffets rail deal sends CSX shares up Nov 4, 2009 Superior Uniform buys Blade Sportswear Nov 4, 2009 AG seeks more authority over collectors Nov 4, 2009 Indiana bank vet David Maraman takes top job for M&I in Florida Nov 4, 2009 Foster wins St. Pete mayoral race Nov 4, 2009 SEC Vote Prohibits Mutual Funds From Directed Brokerage Nov 4, 2009 Detroit Schools, Indiana Hospital Win Bond Approval Amid `Mood of Caution' Nov 4, 2009 Jov Diversified Flow-Through 2009 Limited Partnership: Books Closing Nov. 4, 2009 @ 12 Noon EST Nov 4, 2009 Equity funds may shift more towards midcap stocks Nov 4, 2009 Investment in Community Bank approved Nov 3, 2009 Supreme Court justices seem unwilling to get involved in fees Nov 3, 2009 Blackstone to invest in WestShore mall Nov 3, 2009 Seminar focuses on Nashville's health Nov 3, 2009 Supreme Court debates mutual fund fees Nov 3, 2009 Excessive pay levels face court Nov 3, 2009 No commissions on ULIPs after April 2011 Nov 3, 2009 The SEC could have busted Madoff as early as 1992 if it had followed basic forensic procedures. Nov 3, 2009 Investor-fee shakeup? Nov 3, 2009 Vanguard's Low ETF Fees Help Late Arrival to the Market Increase Share Nov 3, 2009 Supreme Court Cautious in Question of Regulating Mutual Fund Fees Nov 3, 2009 Power association GM: Most Stanford funds returned Nov 3, 2009 Fla. online job vacancies flat in October Nov 3, 2009 OptiCon prepares for stimulus dollars Nov 3, 2009 Group advocates session to address rail Nov 3, 2009 Chinas Japan-style bubble Nov 3, 2009 Investor case hints at justices’ stance on pay Nov 2, 2009 ‘Shark Tank’ star led Learning Co. of Cambridge Nov 2, 2009 Landmark case begins on fees to mutual funds Nov 2, 2009 Sonn and Erez Investigating Claims Against Scott Rothstein Over Alleged $100 Million Investment Fund Implosion Nov 2, 2009 Worries as stimulus winds down Nov 2, 2009 Music Row office tower on hold Nov 1, 2009 William O'Neil + Co. Incorporated Nov 1, 2009 Stocks & economy Nov 1, 2009 All touched by cancer, cast members persevere Nov 1, 2009 High FII holdings are key to stock price rise Nov 1, 2009 Meltdown 101: What to know if your bank fails Nov 1, 2009 Invesco expands its reach Nov 1, 2009 Charitable giving lowest in half a century Nov 1, 2009 Velocity condo opens doors in Gulch Nov 1, 2009 Hesperian Capital Management Ltd. Declares Eligible Dividend to Shareholders of the Norrep Income Growth Class Oct 31, 2009 An Inflation Resistant Investment S... Oct 31, 2009 Stocks Swoon as Worries About the Economy Return Oct 31, 2009 Is the Chamber of Commerce Its Own Worst Enemy? Oct 31, 2009 More bosses give 4-day Thanksgiving break Oct 31, 2009 'Discover' trails coming to Franklin Oct 31, 2009 Survey: Outlook on M&A market improves Oct 31, 2009 Stocks Plunge amid Worries about Spending Oct 31, 2009 US stocks swoon, dow down 250 points Oct 31, 2009 Stocks recede on personal spending data Oct 31, 2009
Options for savings and investments mentioned by Hounsell included Individual Retirement Accounts, Roth IRAs, mutual funds and savings bonds. MANA will be holding additional financial planning workshops in the future with the assistance of a 15,000 grant received from Wells Fargo Home Mortgage Foundation. (El Centro Imperial Valley Press, CA)
Diversification of assets overseas is must for portfolio Nov 6, 2009
For such investors looking to diversify overseas, mutual funds provide the opportunity ... The best way to tap these themes for the individual investors is mutual funds ... Well, mutual funds can help you get them. (India Times)
The Essar Group last month said one of its units, Essar Teleholdings, had raised Rs 4,280 crore by selling zero-coupon bonds to a string of mutual funds, banks and insurance companies. The company received applications thrice the amount it initially offered, but the funds are yet to reach the company. (India Times)
2 billion from the now-expired guarantees on money market mutual funds. She said in a statement that Treasury has "worked continuously with the oversight bodies to improve transparency and implement constructive recommendations" around the financial stabilization programs. (The Star Online, Malaysia)
His record predicting the economy's twist and turns and the performance of its mutual funds has been dead on. You can. (USA Today -- Money)
62 lk cr- MF News-Mutual Funds-Personal Finance-The Economic Times ... 82 crore mark at the end of October, the data by Association of Mutual Funds in India (AMFI) showed. (India Times)
The decision in September by the US Treasury to withdraw its guarantee programme for money market mutual funds went largely unnoticed, despite the financial industry remaining firmly in the regulatory and media spotlight. The lack of attention may not be surprising the economic picture is improving and the risk of further major failures has receded significantly. (FT.com -- Markets)
A group comprising foreign institutional investors (FIIs), custodians, some large mutual funds and a few brokers had made a representation to the market regulator on the issue recently. Some institutional investors had even met finance minister Pranab Mukherjee a few weeks ago, highlighting, among other issues, the absence of an effective SLB mechanism. (India Times)
MUMBAI: Non-convertible debentures (NCDs) of less than one-year maturity commonly used by corporates to raise short-term funds and subscribed to by mutual funds may soon come under Reserve Bank of Indias (RBI) purview ... Through this route, hordes of corporates were raising funds from mutual funds at Mibor-linked rates, a market rate at which banks borrow from each other ... The NBFC or issuer company could then on-lend the money to other mutual funds at higher rates and could make a... (India Times)
MUMBAI: Average assets under management (AUM) of domestic mutual funds rose marginally in October from the previous month. Total assets under management in October stood at Rs 7,52,209 crore against Rs 7,43,696 crore in September, according to data on the Association of Mutual Funds of India (AMFI) website ... Many mutual funds are sitting on cash, fund managers said, in anticipation of a correction, they said. (India Times)
MUMBAI: Birla Sun Life Mutual Fund (BSLMF) has posted a 68 per cent a year-on-year growth in Assets under Management (AUM) at Rs 63,056 crore as on September 30, 2009. BSLMF's revenue during the quarter stood at Rs 67. (India Times)
NEW DELHI: Only five judges of the Supreme Court, including Chief Justice K G Balakrishnan, dont have investments in shares and mutual funds, as per disclosure of assets posted on the web site of the apex court on Monday ... Investments in shares and mutual funds have attracted Justice S H Kapadia, who is next in line to become the Chief Justice of India, Justice R V Raveendran, Justice V S Sirpurkar and Justice Aftab Alam in a large way ... Apart from Chief Justice Balakrishnan, Justice... (India Times)
Mutual funds kicked off the final quarter of the year with a bout of volatility, with stock funds notching their first down month since February. The market took its biggest dive since July after hitting a one-year high in mid-October. (Yahoo News -- Press Releases)
Be Smart About Mutual Funds Without the Court's Help - ABC News ... Be Smart About Mutual Funds Without the Court's Help ... You Don't Need to Wait for the Supreme Court's Help: Pull Your Money Out of Mutual Funds That Charge Too Much in Fees. (ABC News -- Business)
Several Supreme Court justices seemed unsympathetic Monday to calls for the courts to get involved in reining in what investors are calling "excessive" fees on mutual funds, a popular investment vehicle for millions of Americans. Some of the justices suggested that a regulatory agency might be in a better position to determine if the fees are appropriate. (Fresno Bee -- Local)
for free extra services. Tampa Bay Business Journal. (Tampa Bay Business Journal, FL)
Survey: Prospects for Fla. recovery mixed - Tampa Bay Business Journal. (Tampa Bay Business Journal, FL)
Buffets rail deal sends CSX shares up - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
Superior Uniform acquires Blade Sportswear Inc. - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
AG seeks greater authority over debt collectors - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
Indiana bank vet David Maraman takes top job for Mlorida - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
Bill Foster defeats Kathleen Ford in St. Petersburg mayoral race - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
That includes a plan that would require more disclosure to investors about fees at the point of sale and another that would impose new fees on quick trades in and out of mutual funds. "We now have a system we ought to give a chance to work and see the improvements I hope it will bring," he said. (Yahoo News -- Corporate Reform)
94 percent, the lowest level in more than four decades, on Oct. 1 as cash flowing into mutual funds accelerated to a record. Borrowing costs, as measured by the weekly Bond Buyer 20 Index, rose to 4. (Bloomberg -- US)
While working at NATCAN (formerly Altamira), Mr. Huang managed or co-managed over $2 billion in mutual funds and institutional assets, including all of the resource and equity income products in the Altamira and National Bank mutual fund families ... JovInvestment provides management and fund management services for mutual funds, closed-end funds and labour sponsored investment funds. (CCNMatthews Press Releases)
MUMBAI: A majority of Indian equity fund managers are inclined to increase their exposure to mid-cap stocks companies which performed better than largecaps in the last month, a poll showed. Half the fund managers polled by Reuters said they were looking to increase exposure to midcaps, while 62. (India Times)
Regulators approve investment in Community Bank of Manatee - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
By Jesse J. Holland, Associated Press Writer WASHINGTON Several Supreme Court justices seemed unsympathetic Monday to calls for the courts to get involved in reining in what investors are calling "excessive" fees on mutual funds, a popular investment vehicle for millions of Americans ... Mutual funds have become a popular way for Americans to invest, with more than $10 trillion in assets placed in mutual fund investment vehicles such as 529 college education plans or 401(k) retirements plans ...... (USA Today -- Money)
Report: Blackstone to invest in WestShore Plaza - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
Seminar focuses on making Nashville healthier - Nashville Business Journal. for free extra services. (Nashville Business Journal, TN)
WASHINGTON - The Supreme Court debated yesterday whether the fees charged by mutual funds are too high, and if so, whether investors should be allowed to sue the boards that approved them. The case put a spotlight on the often cozy relationship between mutual funds and their advisers ... Lawyers for the Obama administration described these arrangements as fraught with potential conflicts of interests and they urged the justices to open the door to suits against mutual funds if their fees are not... (Boston Globe)
In the compensation case, three investors in the Oakmark family of mutual funds have alleged that the funds' manager, Harris Associates, violated its fiduciary duty by charging investors ''excessive'' fees. In one year alone, the mutual funds paid between $US37 million ($40 ... But because of the cozy relationships between the boards of the mutual funds - whose members were all appointed by Harris Associates - the fees were not challenged. (Sydney Morning Herald -- World)
IRDAs dissent is also fall-out of a vehement attack on ULIPs by mutual funds which compete with insurers. The allegation on mis-selling of ULIPs has not been not borne out by analytical research, IRDA chairman J Hari Narayan had earlier told ET.. (India Times)
One of the examinations of Madoff was truncated in 2004 when a superior inside the SEC decided that more resources needed to be devoted to an investigation of mutual funds. Investigators asked for time to explore unanswered questions about Madoff, but the probe was shuttered, with the explanation that ''field work cannot go on indefinitely because people have a hunch or they're following things. (Sydney Morning Herald -- Business)
The plaintiffs argued that fees were set incestuously, not by market forces, and that if any fees were going to be used as a benchmark, it should be fees Oakmark charged its institutional clients, not what comparable mutual funds charged ... The industry faced various fears: that mutual funds, which rely on small investors, could be seen as price gougers; that shareholders retesting the limits would file a flood of lawsuits; and that directors, who are handpicked by the fund companies, could... (San Francisco Chronicle -- Business)
Nov. 3 (Bloomberg) -- , the largest U.S. manager of stock and bond mutual funds, is gaining market share in exchange-traded funds, a business its founder has criticized for encouraging speculation ... Vanguard is best known for its index mutual funds ... Ferri said he prefers ETFs to index mutual funds because they are cheaper to own. (Bloomberg -- US)
The U.S. Supreme Court appeared wary Monday of second-guessing the fees that mutual funds pay to the investment advisers who run them ... At issue is whether and when, under the Investment Company Act of 1970, shareholders in mutual funds can challenge what they view as excessive fees paid to investment advisers by the funds ... The suit was brought by a group of shareholders in the family of mutual funds, for which Harris Associates is the investment adviser. (Law.com)
A new adviser in Jackson has been sought out and $3 million in mutual funds were moved there, Smith said ... "That office was instrumental in helping us move the $3 million in mutual funds to a new advisor in Jackson." Smith also expects to collect the remainder of the investment, $300,000, through the Securities Investor Protection Corporation and through the U.S. Securities and Exchange Commission. (Brookhaven Daily Leader, MS)
Florida online job vacancies flat in October - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
OptiCon changes name to Infrax, prepares for stimulus dollars - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
Transportation group advocates special session to address rail - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
No surprise, then, that US emerging market mutual funds are experiencing record inflows. The stellar performance of the Bric (Brazil, Russia, India and China) markets is due to continue into the distant future. (FT.com -- Markets)
At issue in Jones v. Harris Associates is whether investment advisers charged too much for their services to the Oakmark family of mutual funds under their control. But it contains parallels to the controversy over executive compensation. (Boston Globe)
O Leary told me in a phone interview that he spends most of his time managing about half a billion dollars in four mutual funds. Interestingly, he was a TV producer in Canada before he became an entrepreneur and investor, and O Leary was one of the stars of the Canadian version of Shark Tank (called Dragon s Den ) before the show made it to the American airwaves in August. (Boston Globe)
Financial Times FT.com. All times are London time. (FT.com -- Markets)
The firm has represented individual and institutional investors against most major Wall Street brokerage firms in claims involving stocks, bonds, hedge funds, structured products, options, auction rate securities, mutual funds, and asset backed securities. Contact. (Primezone Releases)
Investors unloaded shares across the board on the day that marked the end of the fiscal year for many mutual funds, putting the S&P 500 on the brink of a correction. Wall Street's favourite measure of investor fear, the CBOE Volatility Index, soared 24 per cent - its biggest one-day percentage gain since October 2008 - and the Dow had its worst day since July. (Sydney Morning Herald -- Business)
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Our institutional clients include pension and mutual funds, hedge funds, banks, insurance companies, and corporations. Our is considered one of the most robust in the industry, providing timely, accurate information and access to detailed financial data on thousands of U.S. equities. (Investors Business Daily)
Stocks & economy news - Stock, bonds & mutual funds - Wall Street top stories - latest stock prices. - msnbc. (MSNBC -- Business)
Christina Thirkell, executive director for Mutual Funds Against Cancer (MFAC, the parent organization of the Expect Miracles Foundation), said she has never seen an event quite like the show, which organizers have titled Voices of Hope. We were very excited to be able to work on an event of this nature, said Thirkell. (Woburn Advocate, MA)
Overseas investors have invested a net Rs 67,694 crore in Indian stocks as they appeared attractive after tumbling to their lowest in many years in March, compared with local mutual funds which sold a net Rs 4,077 cr in the same period. Furthermore, a raft of share sales to institutional investors under the so-called QIP, attracted mostly overseas investors as the domestic institutions did not have the kind of access to funds like the FIIs who were borrowing cheap elsewhere and investing here. (India Times)
A: Money in mutual funds, annuities, stocks, bonds or other investment products is not covered, even if those investments were bought through an insured bank. The contents of a safe deposit box are also not FDIC insured, but may be covered through a homeowner's or renter's insurance policy. (Yahoo News -- Technology)
Taking advantage of a wave of divestitures among big Wall Street firms, the Atlanta-based money manager recently agreed to buy Morgan Stanley s retail investment management operations, including its Van Kampen mutual funds ... It could also raise the profile of Invesco both for customers and people in Atlanta, as the deal broadens Invesco s offerings of retail mutual funds, particularly in the United States ... It will fill gaps in the company s investment offerings, he said, and increase its... (Atlanta Journal-Constitution -- Business)
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CALGARY, ALBERTA--(Marketwire - Oct. 30, 2009) - Hesperian Capital Management Ltd. ("Hesperian"), the Manager of a strategically focused group of public mutual funds and limited partnerships (the "Norrep Group of Funds"), announced today that it has declared a dividend of $0. 06 per share for the Norrep Income Growth Class. (CCNMatthews Press Releases)
The financial industry has incorporated real assets exposure into many investment vehicles that are already familiar to investors, such as mutual funds, inflation protected bonds, and exchange traded funds. Investors have literally thousands of investment choices available in the world of mutual funds ... In addition to funds that invest in stocks and bonds, some specialty mutual funds invest solely in companies with strong ties to real assets such as real estate, precious metals mining, natural... (Suite101.com)
The about-face from Thursday to Friday in the Sindex, the benchmark for many mutual funds, was the sharpest swing for since February. "I think you have a market that is ultimately looking for its direction," said Bob Froehlich, senior managing director at Hartford Financial Services. (ABC News -- Wire)
" The same might be said of its stance toward corporate transparency. The Chamber successfully sued the Securities and Exchange Commission five years ago to block a requirement that 75% of mutual funds' boards be independent. And another legal battle seems likely to be brewing over the new SEC Commissioner's interest in pushing to allow shareholders to nominate independent members to corporate boards. "They will accept all kinds of stimulus funds and bailouts but God forbid we should ask for any... (Time.com)
More bosses give 4-day Thanksgiving weekend - Nashville Business Journal. for free extra services. (Nashville Business Journal, TN)
Discover Tennessee' trails coming to Franklin - Nashville Business Journal. for free extra services. (Nashville Business Journal, TN)
Survey: Outlook on Met improves - Nashville Business Journal. for free extra services. (Nashville Business Journal, TN)
Friday marks the end of the fiscal year for many mutual funds, which could be adding to the selling pressure in the market, analysts said ... 2) Purchase quality mutual funds but only buy when the market is low or whenever there are large daily dips in the stock market ... When the market goes up significantly, sell the mutual funds and park the money in a money market, not a money market fund. (CBS News)
Friday was the end of the fiscal year for many mutual funds. Fund managers often sell some investments to minimize taxes for shareholders. (The Star Online, Malaysia)
With Friday b 00004000 eing the last day of the month and the end of the fiscal year for many mutual funds, the market's gyrations could be exaggerated, analysts said ... With Friday being the last day of the month and the end of the fiscal year for many mutual funds, the market's gyrations could be exaggerated, analysts said. (New York Post -- News)
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