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The U.S. Supreme Court is taking a close look at a question individual investors have long asked about their mutual funds, but the courts have largely ignored: Why am I getting charged twice as much as big institutional clients?
Dan Calabria is a believer in mutual funds, imperfect as they may be: "I consider them to be the worst investment in the world, except for everything else that's out there," he quips.
Charles Schwab said it has received a "Wells notice" from the Securities and Exchange Commission regarding the Schwab YieldPlus Fund and the Schwab Total Bond Market Fund. Regulators told the company they plan to recommend the filing of civil enforcement actions over possible securities violations at the mutual funds.
The U.S. Supreme Court heard a case Monday involving one Chicago investment firm, but affecting the savings of 91 million Americans. That's how many people, about half of U.S. households, have money invested in mutual funds. The Jones v. Harris Associates case challenges the $100 billion in fees mutual fund investors pay annually to advisers.
The U.S. Supreme Court appeared wary Monday of second-guessing the fees that mutual funds pay to the investment advisers who run them. The Court heard oral arguments in Jones v. Harris Associates , a closely watched case that could have major impact on the fee structure in the nation's $10 trillion mutual fund industry.
AGF Management Limited reported total fee-earning assets under management of $43.3 billion as at October 31, 2009, an increase of 14.8% from October 31, 2008. Net redemptions of long-term mutual funds were $65.2 million for the month ended October 31, 2009, compared with long-term mutual fund net redemptions of $214.2 million in October 2008.
Royce Funds was started 37 years ago, with a specialty in small-cap stocks. Now the company's mutual funds are tops in almost all categories.
The U.S. Supreme Court is taking a close look at a question individual investors have long asked about their mutual funds, but the courts have largely ignored: Why am I getting charged twice as much as big institutional...
TORONTO, ONTARIO-- - Stone & Co. Limited today announced changes to certain mutual funds it manages.
Value Line, billed as 'the most trusted name in investment research,' replaced its leader and agreed to pay $43 million to settle U.S. claims the firm fabricated trades to generate fees from mutual funds it managed.
In Oklahoma, where oil drilling rigs dot the horizon, commodity investing usually means speculating on black gold. But Edmond, Okla. retiree Carol Clemens' latest gold bet is in the shiny stuff.
Funds holding both stocks and bonds can stem some bleeding when ...
Tired of your ping-ponging portfolio? These funds are known for ...
Small-cap-value funds will lead the market out of this mess, predicts ...
Managers of focused mutual funds bet big on a small number of
These mutual funds have consistently beaten the market for eight ...
