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What May Lie Ahead for Mutual Funds (New York Times) Geoffrey Bobroff, a mutual fund industry consultant, discusses what the changes on Wall Street might mean for mutual funds. us.rd.yahoo.com
Investors Looking For Safety Abandon Mutual Funds (NPR) Wall Street's meltdown is taking a huge toll on U.S.-managed mutual funds. Last month, investors pulled a record $72 billion from those funds and looked for safer places to stash their cash. us.rd.yahoo.com
Investors up in air as 15 more Reserve mutual funds closed (Seattle Post-Intelligencer) BOSTON -- The firm managing a money-market mutual fund that "broke the buck" last month said Thursday it is shutting down 15 more of its funds, with no promises when investors can expect money back, or how much. us.rd.yahoo.com
Money-market funds flock to guarantee program (Washington Post) BOSTON -- Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, now that all the major fund providers signed up to participate by a deadline that passed Wednesday. us.rd.yahoo.com
Stock Mutual Funds Saw $43.3 Billion Outflow Thursday-Wed - TrimTabs (Nasdaq) NEW YORK -(Dow Jones)- Stock mutual funds saw an outflow of $43.3 billion during the week ended Wednesday, compared with an outflow of $7.16 billion during the previous week, according to TrimTabs Investment Research estimates. us.rd.yahoo.com
Mutual fund withdrawals a record (Rocky Mountain News) Investors pulled a record $52.1 billion from U.S.-managed stock and bond mutual funds in the past week, seeking the safety of government-insured bank deposits as the financial crisis worsened. us.rd.yahoo.com
Third quarter mutual fund roundup: Buy, buy, buy! (International Herald Tribune) 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. us.rd.yahoo.com
Funds, Too, Are Mining New Energy Sources (New York Times) Exchange traded funds that focus on alternative energy have proliferated and many of them have been mirroring the sharp swings in the oil markets. us.rd.yahoo.com
The mutual fund news report that sparks ideas (Fund Action) Calvert Group ’s asset management arm, known for its socially-responsible Calvert Funds, is absorbing Summit Investment Partners ’ $1.2 billion retail mutual fund and variable insurance lines. Summit has seven retail mutual funds and 14 variable insurance portfolios. us.rd.yahoo.com
Investors pull $43B out of stock funds (CNN Money) As the nation's economic crisis deepened, investors pulled $43.3 billion from stock mutual funds, according to a report released Thursday. us.rd.yahoo.com
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