Fees and performance may be at the top of the list of mutual fund characteristics investors look for, but don't count out faith. According to figures from investment research firm Morningstar, religious mutual funds have increased their assets...
Plenty of advisors shun global funds, which own a mix of U.S. and international stocks. The problem is that global portfolio managers can adjust their allocations, holding 40 percent of assets in the U.S. one year and 60 percent the next.
There were an unprecedented 89 mergers or acquisitions involving fund-management firms in the first half of 2006. Buyers spent at least $13.5 billion in disclosed and estimated dollars
Prudential Equity Group, a broker/dealer subsidiary of Prudential Financial, got slammed Monday with one of the biggest settlements seen in a market timing case: $600 million in fines, restitution and penalties.
In 30 years, the mutual fund business has evolved from simple products to a mind-boggling array of options. The latest twist: back to basics