Finance, Forex and Investments

Mutual Funds News

Saudi Binladin closes Second Short Term Sukuk Wednesday, July 20, 2011 @ 3:16AMSaudi Binladin Group Saudi Binladin Group ("SBG") has successfully closed its second short term Sukuk, attracting more than SAR 3bn of orders for a SAR 1bn issuance. Books were opened on Saturday 16 th of July and were closed in the same day.
UAE-South Africa mutual trade up 21.7% Wednesday, July 20, 2011 @ 2:56AMUAE-South Africa mutual trade up 21.7%
Area Sports Briefs Wednesday, July 20, 2011 @ 2:37AMWelcome to our story comments feature. We welcome your thoughts and your opinions, including the unpopular ones. We only ask that you keep your conversations clean, civil and on the topic of the story you are commenting on.
DA-elect Hallie Dixon's full resignation statement concerning court study Wednesday, July 20, 2011 @ 12:19AMHere is the full text of Hallie Dixon's statement of resignation from a contract study:
The world’s richest and strangest hedge fund Wednesday, July 20, 2011 @ 12:12AMRay Dalio, the 61-year old founder of Bridgewater Associates, may look like an ageing rock star but his unconventional approach gets results, says The New Yorker magazine in a profile in this week s issue.
How to build a SOLID mutual fund portfolio Tuesday, July 19, 2011 @ 11:59PMHow many mutual funds should an investor have in his or her portfolio? Advisors generally agree that three to four mutual funds is all that you need in your portfolio. But there is something more if you need to buidl a solid MF portfolio for the long term.
Stone & Youngberg Asset Management Comments on the Effects of Volatility and Cost on Portfolio Return Tuesday, July 19, 2011 @ 6:12PMToday most of the world’s equity markets are up over 100% since hitting their March 2009 lows. No doubt many investors experienced all or much of the decline to the market’s nadir.
LINCOLN PARK: Three running for city’s top spot Tuesday, July 19, 2011 @ 6:01PMLINCOLN PARK — Three mayoral candidates will face off in an Aug. 2 primary for a chance at the city’s top elected position.
HDFC Bank profit spurts Tuesday, July 19, 2011 @ 5:26PMMumbai, July 19: Led by loan growth and fee income, HDFC Bank today beat Street estimates to post a 33.6 per cent rise in net profits for the first quarter ended June 30. The country’s second largest private sector bank recorded a net profit of Rs 1,084.98 crore compared with Rs 811.71 crore in the same period of last year.
AIDS drug firm TRMS to become GEVA in Trimeris/Synageva reverse merger Tuesday, July 19, 2011 @ 5:22PMAIDS drug company Trimeris (NASDAQ:TRMS) this year vetted an initial list of more than 140 companies in all therapeutic areas and narrowed its business combination prospects to 14, then paired that list even further to five. That list included Synageva BioPharma, the company that in June announced it would acquire Trimeris in a reverse merger. The [...]
Dan Solin: 3.5 Billion Reasons Why Your 401(k) Plan Is a Loser Tuesday, July 19, 2011 @ 5:07PMA recent article discussed the estimated $3.5 billion paid by mutual funds to advisers to 401(k) plans. These payments are euphemistically called "revenue-sharing." In reality, they are legal bribes.
5 Future ETF Ideas Piquing the Interest of Investors Tuesday, July 19, 2011 @ 4:57PMBy Michael Johnston : So far in 2011 more than 200 new exchange-traded products have debuted, taking the ETF lineup close to the 1,300 mark. Over the past several years, the exposure accessible through ETFs has become increasingly granular. While some of the new products debuting are “plain vanilla” funds linked to well known indexes (such as the recent debut of [[SCHZ ] ]), the vast majority of ...
HDFC Bank Q1 net up 34% Tuesday, July 19, 2011 @ 4:41PMHDFC Bank earned a net profit of Rs 1,085 crore, an increase of 33.7%, over the corresponding quarter ended June 30 in line with market estimates.
ALPS to Become New Subsidiary of DST Tuesday, July 19, 2011 @ 4:35PMDENVER--(BUSINESS WIRE)--ALPS Holdings, Inc. (ALPS), a leading provider of asset servicing and asset gathering solutions to the asset management industry, today announced the firm has signed a definitive agreement to be acquired by DST Systems, Inc. (NYSE: DST), through a merger with a wholly owned DST subsidiary. The transaction, subject to regulatory approval and certain conditions, is ...
Court Enters Order Against Former Prudential Registered Representatives In Connection With Deceptive Market Timing ... Tuesday, July 19, 2011 @ 4:28PMMartin J. Druffner Ordered to Pay $1,131,157 in Ill-Gotten Gains and Prejudgment Interest; Skifter A...
Investors Snapping Up Muni Bonds, Easing Concern About Supply Tuesday, July 19, 2011 @ 12:58PMInvestors Snapping Up Muni Bonds, Easing Concern About Supply
12/01/10 - State Street to cut 400 Mass. jobs Tuesday, July 19, 2011 @ 12:53PMState Street Corp. yesterday unveiled a massive cost-cutting plan in which it will soon eliminate 1,400 positions, including 400 jobs in Massachusetts.
State Street Cuts 850 Jobs After Earnings Miss Estimates Tuesday, July 19, 2011 @ 12:42PMState Street Corp., the third- largest custody bank, will cut an additional 850 jobs over the next 20 months after reporting earnings that missed analysts’ estimates because of rising expenses.
NC storm victims say FEMA assistance spotty Tuesday, July 19, 2011 @ 12:12PMRALEIGH, N.C. (AP) — The Federal Emergency Management Agency has approved just 23 percent of the requests for assistance it has received in the three months since tornadoes tore across North Carolina killing 24 people.
Dividend stocks beat out bonds Tuesday, July 19, 2011 @ 11:47AMNot only do some stocks currently yield more than bonds, those with a consistent record of boosting dividends help investors keep up with inflation, an important consideration for retirees living on otherwise fixed incomes and non-indexed pensions
RidgeWorth Highlights Value of Municipal Bonds in White Paper Tuesday, July 19, 2011 @ 11:42AMRidgeWorth Investments announced today that it has published a white paper highlighting that, despite the negative headlines; the fundamental outlook for municipal bonds remains a qualified positive.
SunAmerica Launches Innovative Global Trends Fund Sub-Advised by Wellington Management Tuesday, July 19, 2011 @ 11:36AMJERSEY CITY, N.J.--(BUSINESS WIRE)--SunAmerica Asset Management Corp. announced the recent launch of its SunAmerica Global Trends Fund. The Fund allocates assets across 10 global asset classes, including global equity and fixed income markets, currencies and commodities, by using an innovative, rules-based strategy that seeks to move the Fund in and out of changing markets. Exposures to each ...
Zions Direct Announces Municipal Bond Auction Results Tuesday, July 19, 2011 @ 8:46AMAuctions of Municipal Bonds for Week Ending July 15, 2011
Templeton Releases Closed-End Funds' Portfolio Allocation Updates Tuesday, July 19, 2011 @ 8:45AMFORT LAUDERDALE, FL--(Marketwire - Jul 19, 2011) - The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange, today released portfolio allocation updates containing the following information as of June 30, 2011:
Who are Canada’s savviest investors? Tuesday, July 19, 2011 @ 8:43AMAlbertans are the ‘savviest’ investors in Canada, while residents of the Prairie provinces are the most likely to have a financial plan, according to a recent survey by BMO Nesbitt Burns.
Federated Investors Completes Transition of $509M in Assets from EquiTrust Mutual Funds Tuesday, July 19, 2011 @ 8:26AMPITTSBURGH, -- Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment manager...
1 in 20 Fund Investors Beat the Odds Tuesday, July 19, 2011 @ 8:21AMThe active versus passive debate tends to center around one actively managed mutual fund versus one
First No-Load, Open-End Hedge Fund Replication Mutual Fund Marks Three-Year Anniversary; Receives 4-Star Overall ... Tuesday, July 19, 2011 @ 8:18AMRYE BROOK, N.Y.--(BUSINESS WIRE)--The IQ Alpha Hedge Strategy Fund (IQHIX, Institutional Share Class; IQHOX, Investor Share Class), the first no-load, open-end mutual fund designed to replicate broad-based hedge fund performance characteristics, marked its three-year anniversary on June 30th, the fund’s sponsor, IndexIQ, announced today. Based on its three-year track record as of June 30, the ...
Money management tips: Five questions to ask during a financial tune-up Tuesday, July 19, 2011 @ 8:13AMEveryone knows that it's important to get your oil changed regularly and to keep your tires properly inflated, but have you thought about performing the same kinds of maintenance on your finances? Because of constant changes in market and economic conditions and in your own life, it's a good idea to review some key financial issues regularly to be sure they are up to date. The Connecticut ...
State Street Second-Quarter Profit Rises 5.2% on Purchases Tuesday, July 19, 2011 @ 8:11AMState Street Corp., the third- largest custody bank, said second-quarter net income on an operating basis climbed 5.2 percent, as rising markets and acquisitions increased the assets it oversees for clients.
Keane Partners with Cross Country Computer to Improve Insurers’ Unclaimed Property Reporting Compliance Efforts Tuesday, July 19, 2011 @ 8:07AMNEW YORK--(BUSINESS WIRE)--Keane announced today a new partnership with Cross Country Computer Corporation that will help resolve common data challenges in insurance company records.
Here's Zynga's Heavily Redacted New SEC Filing Tuesday, July 19, 2011 @ 4:44AMZynga recently filed an amendment to its IPO filling, and it's a doozy. That being said, many parts (shown in brackets) are redacted. CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED.
MONEY MANAGEMENT FROM CPAs: Five questions to ask during a financial tune-up Tuesday, July 19, 2011 @ 4:14AMEveryone knows that it's important to get your oil changed regularly and to keep your tires properly inflated, but have you thought about performing the same kinds of maintenance on your finances?
Public Mutual launches two new Islamic funds that will focus on the domestic market Tuesday, July 19, 2011 @ 3:46AMKUCHING: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd (Public Mutual) is launching two new Islamic funds, namely [...]
Chafin announces grants for STOP, Delbarton Tuesday, July 19, 2011 @ 3:18AMBy CHAD ABSHIRE Staff Writer In an effort to keep the lights on for an important building to the area, a senator has secured funding to do just that. The Crossroads For Women recovery home in Gilb...
What are the different types of debt funds? Tuesday, July 19, 2011 @ 3:17AMA debt mutual fund scheme invests in debt papers like government bonds, fixed deposits, approved private deposits and so on.
Your Money: A debt deal is coming, but then what? Tuesday, July 19, 2011 @ 3:04AMThe U.S. government will raise the debt ceiling - you heard it here first. But as a result, Treasurys should face a downgrade from their sterling "Triple A" rating.
BMO Nesbitt Burns Study Identifies Canada's "Savviest" Investors Tuesday, July 19, 2011 @ 3:00AMTORONTO, ONTARIO--(Marketwire - 07/19/11) - In a search for the nation's "savviest" investors, BMO Nesbitt Burns conducted a national study which revealed that most Canadians hold investments and are confident they are managing their portfolios well. However, according to the results, released today, only a narrow majority report having a financial plan in place. The study also found that ...
Advisory business pays off for Charles Schwab Tuesday, July 19, 2011 @ 2:32AMBOSTON -- Discount broker Charles Schwab Co. said Monday that its second-quarter profit rose 16 percent as growth in its advisory business for individual investors offset a decline in trading revenue.
Aurelius Capital Denies Using Inside Information to Profit on WaMu Debt Monday, July 18, 2011 @ 1:43PMAurelius Capital Management LP denied using confidential information to profit on the debt of bankrupt Washington Mutual Inc. (WAMUQ) , saying it installed a soundproof office to prevent traders from hearing sensitive negotiations.
Aurelius Capital Denies Using Inside Information to Profit on WaMu Debt Monday, July 18, 2011 @ 1:43PMAurelius Capital Management LP denied using confidential information to profit on the debt of bankrupt Washington Mutual Inc. (WAMUQ) , saying it installed a soundproof office to prevent traders from hearing sensitive negotiations.
Schwab profit boosted by fees, interest revenue Monday, July 18, 2011 @ 1:43PMCharles Schwab Corp.'s trading has been pressured by soft markets
Schwab profit boosted by fees, interest revenue Monday, July 18, 2011 @ 1:43PMCharles Schwab Corp.'s trading has been pressured by soft markets
Initial volumes show acceptance of 91-day T-bill contracts Monday, July 18, 2011 @ 1:40PMFrom the initial volume in exchange-traded derivative contracts on 91-day treasury bills, industry seems to have accepted the new instrument. It has been two weeks since these were launched and the average daily turnover has been Rs 270 crore.
Initial volumes show acceptance of 91-day T-bill contracts Monday, July 18, 2011 @ 1:40PMFrom the initial volume in exchange-traded derivative contracts on 91-day treasury bills, industry seems to have accepted the new instrument. It has been two weeks since these were launched and the average daily turnover has been Rs 270 crore.
An open letter to Pope Benedict XVI Monday, July 18, 2011 @ 1:15PMMartin Jalleh hopes that Pope Benedict XVI will not allow Najib to politicise the papacy and use his visit to the Vatican as a political ploy and a public relations exercise. Dear Holy Father, I am a Catholic, writing from my blessed and beloved country, Malaysia, a land of poignant diversity, pitiful contradictions, pathetic leadership [...]
An open letter to Pope Benedict XVI Monday, July 18, 2011 @ 1:15PMMartin Jalleh hopes that Pope Benedict XVI will not allow Najib to politicise the papacy and use his visit to the Vatican as a political ploy and a public relations exercise. Dear Holy Father, I am a Catholic, writing from my blessed and beloved country, Malaysia, a land of poignant diversity, pitiful contradictions, pathetic leadership [...]
MBS Begin To Show Cracks As US Downgrade Possibility Grows Monday, July 18, 2011 @ 1:13PMMBS Begin To Show Cracks As US Downgrade Possibility Grows
MBS Begin To Show Cracks As US Downgrade Possibility Grows Monday, July 18, 2011 @ 1:13PMMBS Begin To Show Cracks As US Downgrade Possibility Grows
Make Money in Banks the Easy Way Monday, July 18, 2011 @ 12:36PMThere's no need to guess which financial services company will perform best.