ND’s Mutual Fund News

Chuck Jaffe: Mutual-fund morgue had less work in 2008 than it should have
With the average stock fund down about 40% in 2008, you couldn’t blame investors for hoping that the bulk of mutual funds would simply quit the business and send what’s left back to shareholders.

Why pension funds beat mutual funds
Are you happy with how well your mutual funds are doing?

Chuck Jaffe: Watch for these 7 mutual fund stories to make headlines in 2009
The big stories in the mutual fund world are always taking shape, but the new year gives us a chance to gaze into the crystal ball and try to read the future headlines.

kelly :: Jan.05.2009 :: General :: No Comments »

Turning savings into income
Where baby-boomers go, the financial services industry follows. Too large, at 77 million people, and too affluent to be ignored, this group has been heavily wooed at every stage of life. Now, as the oldest boomers begin leaving the workforce, Fidelity and Vanguard have launched mutual funds aimed at retirees who are making the transition from saving to spending.

Avoiding steep IRA fees
Question: My adviser charges me between 5% and 6% of what I invest in the mutual funds for my IRA. He says this fee is extremely fair to me. But I previously had an IRA for which I paid only $20 a year. What is an acceptable fee for an IRA? –Teresa Nagengast, Deptford, New Jersey

kelly :: Jan.04.2009 :: General :: No Comments »

Stock mutual funds take in $10.4 billion
Money flowed into equity mutual funds in the latest week, reversing the outflow of the previous week, according to data released a fund research firm.

Money-market fund assets set fresh records

BOSTON (MarketWatch) — Assets in money-market funds jumped to fresh all-time highs in the latest week as nervous investors continued to shy away from stocks heading into 2009. Total assets in money-market mutual funds rose $23.44 billion to a record $3.759 trillion for the week ended Dec. 30, according to Money Fund Report, a service of iMoneyNet.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

kelly :: Jan.03.2009 :: General :: No Comments »

FundWatch: Executive tapped to lead Evergreen jumps ship
NEW YORK (MarketWatch) — Peter Cieszko, who was due to take over as president and chief executive officer of Evergreen Investments on Jan. 1, is leaving the mutual fund firm.

New York University sues fund exec over Madoff
NEW YORK (Reuters) - Hedge fund executive Ezra Merkin has been sued again for entrusting investments with confessed swindler Bernard Madoff, this time by New York University, which said it lost about $24 million.

kelly :: Jan.02.2009 :: General :: No Comments »

Turning savings into income
Where baby-boomers go, the financial services industry follows. Too large, at 77 million people, and too affluent to be ignored, this group has been heavily wooed at every stage of life. Now, as the oldest boomers begin leaving the workforce, Fidelity and Vanguard have launched mutual funds aimed at retirees who are making the transition from saving to spending.

Why pension funds beat mutual funds
Are you happy with how well your mutual funds are doing?

kelly :: Jan.01.2009 :: General :: No Comments »

Mutual funds vs. private money managers
Question: What is your opinion of brokerage-managed accounts? Are these separately-managed accounts a good way to have your money managed?

kelly :: Dec.31.2008 :: General :: No Comments »

Amana stays ahead of faith-based funds
In a dire year for mutual funds, the Amana Trust Income Fund, the main Muslim investment fund, has trumped those from all other faiths in the US by losing only 25.8 per cent of its value for the year – half the average 44 per cent loss for US stock funds

Why pension funds beat mutual funds
Are you happy with how well your mutual funds are doing?

kelly :: Dec.30.2008 :: General :: No Comments »

Ex-NY broker charged in Dreier fraud case
NEW YORK (Reuters) - A former broker has been arrested and charged with helping prominent New York lawyer Marc Dreier defraud hedge funds by selling them false promissory notes, U.S. prosecutors said on Tuesday.

kelly :: Dec.29.2008 :: General :: No Comments »

Securities broker charged with conspiracy
NEW YORK — A prominent Manhattan lawyer accused of duping hedge funds into making bogus investments paid others up to $100,000 to impersonate people in his scheme, a prosecutor said Tuesday in a hearing for a former securities broker also charged in the case.

Stock mutual funds take in $10.4 billion
Money flowed into equity mutual funds in the latest week, reversing the outflow of the previous week, according to data released a fund research firm.

Turning savings into income
Where baby-boomers go, the financial services industry follows. Too large, at 77 million people, and too affluent to be ignored, this group has been heavily wooed at every stage of life. Now, as the oldest boomers begin leaving the workforce, Fidelity and Vanguard have launched mutual funds aimed at retirees who are making the transition from saving to spending.

kelly :: Dec.28.2008 :: General :: No Comments »

FundWatch: Investors dump stock and bond funds, but selling pressure eases
Investors pulled more than $40 billion from stock- and bond mutual funds in November, but the panicked selling of the past several months seems to be subsiding, according to figures released Wednesday by research firm Lipper Inc.

kelly :: Dec.27.2008 :: General :: No Comments »