-
The Canadian mutual fund industry suffered its worst month ever in October with $8.4 billion in net redemptions, and total industry assets ended the month 19.5 per cent below their year-ago level.
-
Withdrawals from mutual funds that invest in emerging markets soared as investors sought refuge in safer assets. But amid the market mayhem many equity fund managers saw reason to be optimistic.
-
-
Malawian civil servants with HIV, who used to receive an extra $35 a month, are now to get a food handout instead.
-
Permal Investment Management, the hedge fund investment division of U.S. asset manager Legg Mason, is aiming to raise up to $500 million to take advantage of a boom in distressed sales of hedge fund holdings, The Financial Times reported. Hedge funds investors have been selling their holdings at a discount to escape restrictions on withdrawals amid [...]
-
L&T the country's largest engineering and construction conglomerate, is exploring the option of establishing a real estate mutual fund (REMF) as part of a plan to expand its portfolio of financial services to the construction industry, a top official said.
-
British Prime Minsiter Gordon Brown on Tuesday encouraged China and oil-rich Persian Gulf countries to contribute to a larger global bailout package through the International Monetary Fund.
-
British Prime Minsiter Gordon Brown on Tuesday encouraged China and oil-rich Persian Gulf countries to contribute to a larger global bailout package through the International Monetary Fund.
-
At least 400,000 people, and perhaps as many as a million, can’t access their savings in the Reserve Fund, the nation’s oldest money market fund, with no sure end in sight.
-
THE ADMINISTRATIVE COUNCIL OF THE EUROPEAN PATENT ORGANISATION, Having regard to its decision of 8 October 1987 on the institution and administration of a Research Fund of the European Patent Organisation, Having regard to the opinion of the Budget and
-
S.E.C. regulators will have to choose sides in a backstage battle brewing between two groups of investors in the Reserve Fund.
-
The financial turmoil has taken a toll on the Indian mutual fund industry, as the average assets under management (AUM) of the 35 mutual funds recorded its highest ever fall in a single month, falling more than 18% in October to Rs. 4,31,901 crore from Rs.5, 29,103 crore in September. Assets under equity funds fell sharply due to a steep fall in the stock market, while debt funds were hit on account of large-scale redemptions following the liquidity crunch in the economy.
-
Just when you thought your mutual fund losses couldn't get any worse, your fund might be about to add insult to injury.
-
Anglo-South African insurer Old Mutual Plc Thursday reported a decline in nine-month sales for its life assurance and mutual fund segments of 4% and 23%, respectively. The company confirmed that it remains well capitalized with more-than-enough liquidity to face the foreseeable future. It also announced the appointment of Philip Broadley as Group Finance Director, effective November 10.
-
-
As TARP funds dwindle, Treasury Secretary Paulson says the original plan to buy troubled bank assets is no longer a priority
-
A troubled money market fund that has been frozen for more than two months began returning about 40 percent of investments made by shareholders.
-
Banking stocks led a sell-off in the market again yesterday amid mounting speculation the Government is preparing a recapitalisation plan for the sector and as Moody's placed its ratings on Allied Irish Banks and Bank of Ireland on review for a downgrade.
-
Institutional investors are bailing out of British stocks and piling money into the US market worried that UK companies and the pound are too vulnerable.
-
WASHINGTON -- The Treasury Department on Thursday said it is prepared to buy assets from a troubled money market mutual fund, part of an effort to prevent any disruptions to already fragile financial markets.
-
-
-
Fund operators may be forced to further waive management fees to bolster returns and keep investors. The latest plunge in rates on short-term U.S. Treasury securities helped drag money market mutual fund yields below 1% this week for the first time since 2004.
-
-- In a tough investing climate mutual fund investors should take note of what investing fees they're being charged. Costs associated with an individual investor's transactions and account are listed in a fee table, located near the front of a fund's prospectus, under the heading "Shareholder Fees."
-
BOSTON -- Fiscal fitness is knocking weight loss off the top of many New Year's resolution lists, thanks to 2008's market drubbing. That often means casting off last year's worst-performing mutual funds for more promising alternatives.
-
Long-awaited repairs to a public swimming pool in Sydney Mines will finally go ahead, the Nova Scotia government announced Friday.
-
With their captain, Craig Bellamy, back to restore the zip and the zest in a system devised in his image it should all be so straightforward for Wales against Liechtenstein at the Millennium Stadium this evening. Except a long history of slip-ups confirms that "Wales" and "should be" do not always equate to the anticipated return.
-
-
I still remember the silence. It was October 2005, Game 5 of the NLCS between the Cardinals and Astros, and I was standing in the back of the press box at Minute Maid Park in Houston, shoulder-to-shoulder with other sportswriters readying for the postgame stampede to the media-only elevators. The scoreboard read 4-2 Houston, ninth inning, two outs, 0-2 count. Game Over, in other words. Albert Pujols was at the plate with two men on base, but on the mound was a closer who at that very moment had the aura of invincibility of Iron Man walking out of the cave-- a 28-year-old right-hander named Brad Lidge, the best closer in the National League. You know what happened next: The pitch, thrown as 42,000 screaming fans whapped their Thunderstix, was a hanging slider. Pujols swung.
-
Some of the most striking images from around the world this week.
-
Payments on about $400bn of credit default swaps are likely to be more than anticipated because initial auction results to settle them saw a lower recovery price
-
Viktor Yushchenko addressed a letter to the Prime Minister proposing that Tymoshenko call an extraordinary Cabinet meeting on October 11 and extend from the reserve fund of the national budget UAH 417.5 million (about USD 83 million) for holding early
-
Faced with a decline in funding for reproductive health services (RH), regional experts have called for access to financial resources available for HIV/ AIDS programmes.
-
Fans take their shots at Francisco Rodriguez, Vladimir Guerrero and John Lackey, just to name a few. As a family of season-ticket holders who have been attending Angels games for more than 40 years, I speak for all of us in bidding "adios" to "Pay Rod." Don't let the door hit you on your way to New York. They can have you.
-
WHILE the rest of us grapple with the economic downturn, some people are spending like there is no tomorrow.
-
According to the HSE, €19.5m has been spent administering the scheme, €13.9m of which has been paid to outside companies for their work.
-
Merkel says 'no' to euro fund
-
Readers share concerns about Guernsey savings
-
United Way looking for people to help out with programs
-
Is this the beginning of the end? Stock markets around the world have experienced some of the most volatile share trading in financial history, sharper even than that witnessed during the great crash of 1929. What experts are now asking is whether we are reaching the point where shares have fallen so far that investors realise there are bargains to be had – signalling the end of the bear market.
-
Prince Charles's assertions that suicides in India have been exacerbated by the introduction of GM are gratuitous and deeply worrying ("Charles targets GM crop giants in fiercest attack yet", 5 October). As Geoffrey Lean rightly points out, suicides were occurring long before GM crops were introduced, and we cannot condone using the tragic situation faced by some farmers in India for political point-scoring by NGOs.
-
At least 10 American and British pension funds and institutions owed money by failed Icelandic banks have hired London-based commercial lawyers to try to retrieve the debt.
Subscribe to our RSS (Really Simple Syndication)