For some very small mutual
companies, a full-time staff isn't required.
For some investors, ETFs are a better option than a vast majority of traditional mutual
funds because they offer trading flexibility," said Dan Culloton, senior mutual
fund analyst with MorningStar in Chicago.
Spitzer, who launched the first mutual
fund investigations in early September, has been quoted saying the scandal is bigger than just "excising a few bad apples from the industry," suggesting that improper short-term trading may have skimmed more than $4 billion a year from investors.
In addition to the mutual
funds themselves, the other major casualty of the scandal has been the reputation of the industry's primary regulator, the Securities and Exchange Commission.
On October 30, the House Financial Services Capital Markets Subcommittee held a hearing to discuss market structure issues and, more particularly, mutual
In short, a mutual
fund offers virtually every asset class, whether you are looking for fixed income, gold, real estate or commodities.
The potential for customer confusion clearly exists when mutual
funds are sold to the public by depository institutions, given their traditional insured deposit activities.
There would be a single, consistent basis for mutual
fund accounting instead of two often contradictory and misleading bases.
help groups usually include activities such as the following in the plan for a scheduled meeting:
continues to review its strategic options for these remaining asset management businesses.
gt;From the City of Lights to its home town of Beantown, Liberty Mutual
has quietly grown from its original niche--workers' compensation--to a multiline, multi-country company writing $12.
The nation's major mutual
funds said Monday that they received an unusually high number of phone calls, but all said only a fraction of investors pulled their money out of stocks.
Variable annuities and mutual
funds often compete for the same investment dollars because, like a "family" of mutual
funds, a variable annuity allows the holder to invest in a similar range of professionally managed securities portfolios.
Fitch's expectation is that Old Mutual
will continue to provide the capital necessary to support Old Mutual
1, the company merged into Farm Bureau Mutual