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Mutual Funds News

News on Mutual Funds continually updated from thousands of sources around the net.

1 hr ago | Forbes.com

$2.4B - Massive Cash Outflow From High Yield Bond Funds, Largest In 13 Months

Retail -cash outflows from high-yield funds totaled $2.4 billion in the week ended July 23, with an outflow of $1.3 billion from mutual funds expanded upon by an outflow of $1.1 billion from exchange-traded funds, according to Lipper.

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Related Topix: Personal Finance

2 hrs ago | Ledger-Enquirer.com

Money market fund assets fell $2.18 billion

Total U.S. money market mutual fund assets fell $2.18 billion to $2.56 trillion for the week that ended Wednesday, according to the Investment Company Institute.

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Related Topix: Personal Finance, Westborough, MA

4 hrs ago | The Economist

Buttonwood: Trillion-dollar boo-boo

ONE trillion dollars. That may be the cost to Russian investors of Vladimir Putin's rule.

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Related Topix: Vladimir Putin, Financial Markets, Personal Finance

8 hrs ago | Hispanic Business

Manulife Mutual Funds Streamlines Fund Line-up with Proposed Mergers

As such, Manulife Mutual Funds will make a number of changes to its fund offerings, including implementing certain fund mergers, a portfolio manager change, a fund name change and risk rating changes, subject to the receipt of all necessary regulatory and securityholder approvals.

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Related Topix: Personal Finance

10 hrs ago | Forbes.com

Want to invest like Bill Gross? Buy mortgages

Bond king Bill Gross has been on a bit of a buying binge, sinking more than $90 million of his own money into four of his asset management company's funds since April in an iconoclastic bet that ultra-low interest rates are here to stay and that mortgages are a hot asset.

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Related Topix: Home, Mortgage, Personal Finance, Financial Markets

14 hrs ago | The Washington Post

Industry Embraces U.S. SEC's Money Funds Rules to Escape FSOC

Given a choice between a regulator whose mission is to promote growth through investment, or an unfamiliar committee dominated by the Federal Reserve, the mutual-fund industry opted for the devil it knew.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Personal Finance, Financial Services, BlackRock, Investment Services, US News, Business News

Wed Jul 23, 2014

Business Journal

BNY Mellon adds new service

The Bank of New York Mellon Corp. debuted a new market research service to benchmark performance and areas of risk for institutional prime money-market mutual funds.

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Related Topix: BNY Mellon, Financial Services, Bank of New York, Banking, Personal Finance

Reuters

SEC adopts long-awaited reforms for money market funds

U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to reduce the risk of runs on the funds while still protecting the product's utility for investors.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Personal Finance, Charles Schwab, Investment Services

The Washington Post

BlackRock Supports New SEC Rules for Money-Market Mutual Funds

BlackRock Inc., the world's biggest money manager, said it backed the new rules for money-market mutual funds adopted today by the U.S. Securities and Exchange Commission.

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Related Topix: Financial Services, BlackRock, Investment Services, Personal Finance, Securities and Exchange Commission, Corporate / Securities Law, Law, US Securities and Exchange Commission, Business News

KAUZ

SEC votes to end $1 a share for some money funds

The lawyer for a suspected Nazi war crimes suspect says the 89-year-old Philadelphia man has died while awaiting extradition to Germany.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, National Urban League, Charitable Organizations, US News, Personal Finance

MarketWatch

Richard Bernstein: Stock market not a bubble

There's been no shortage of bubble warnings as equities rally from record to record.

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Related Topix: Financial Markets, Personal Finance

MarketWatch

Chuck Jaffe: The mutual-fund industry has lost a voice of reason

The mutual fund industry got a little meaner and a lot dumber over the weekend when Geoff Bobroff died suddenly of an apparent heart attack.

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Related Topix: J. & W. Seligman, Personal Finance

Reuters

Puerto Rico debt crisis headed for U.S.-style bankruptcy resolution

Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

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Related Topix: Economics News, Bankruptcy, Financial Markets, Personal Finance, San Francisco County, CA, San Francisco, CA

Tue Jul 22, 2014

ABC News

SEC Poised to End $1 a Share for Some Money Funds

Regulators are expected to vote Wednesday to end a longtime staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Personal Finance

The Arizona Republic

Stocks' performances vary during phases of business cycle

Stocks' performances vary during phases of business cycle PHOENIX -- It's important to know how industry sectors perform in different phases of the business cycle.

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Related Topix: Financial Markets, Personal Finance

NewsOK.com

Winning calls by Levy forecasters over decades

It's a forecast so out of the mainstream, it's hard to believe: a U.S. economy in recession next year, triggered by steep downturns abroad.

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Related Topix: Personal Finance

Rediff.com

Steady performers: Top 5 mutual funds from LIC

We all are well aware that incomesurance i.e. insurance products mixed with investment quotient have not generated great returns till date.

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Related Topix: Personal Finance, Financial Markets

InvestmentNews

UBS seeks to raise fees amid mutual fund conversion

Losing revenue from 12 -1 fees, the firm is asking its advisers to raise minimum fees to help make up for lost revenue As UBS Wealth Management Americas begins moving many of its clients into cheaper classes of mutual funds, the firm is asking advisers to consider raising their annual fees for those clients.

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InvestmentNews

Multialternative mutual funds gain in popularity

As the stock market continues its push to new record levels, multialternative mutual funds have been enticing investors and advisers with the chance to hedge some of the mounting risk.

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Related Topix: Personal Finance

InvestmentNews

Fund managers hope for more robust socially conscious options

There was a time when asset management firms were comfortable telling faith-based investors, "God is good, see you later," says Joseph M. Kinard, a director at the Board of Pensions of the Presbyterian Church .

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Related Topix: Pension, Personal Finance

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