Denver Business Daily - Mutual Funds News

Mutual Funds News

Angara calls for single law to boost markets Saturday, July 31, 2010 @ 4:54AMTHE laws and regulations covering all types of collective investment plans must be unified to strengthen the financial system and build up the capital markets, Senator Edgardo Angara said Friday.
AROUND THE CAPITOL Saturday, July 31, 2010 @ 4:16AMU.S. Sen. Debbie Stabenow (D–Mich.) released a statement Tuesday evening after an oil spill in the Kalamazoo River.
Facebook to postpone stock offering until 2012 Saturday, July 31, 2010 @ 1:46AMSAN FRANCISCO — Facebook will probably put off its initial public offering until 2012, giving chief executive officer Mark Zuckerberg more time to gain users and boost sales, three people familiar with the matter said.
CAGR: The Good, The Bad And The Ugly Saturday, July 31, 2010 @ 1:08AMCompound annual growth rate , or CAGR, is a term that gets used when investment advisors tout their market savvy and funds promote their returns. But what does it really show? This article will define CAGR and discuss its good and bad points.
Learning the ABCs of mutual funds fees and expenses Saturday, July 31, 2010 @ 12:46AMMutual Funds that have a "load," that is a charge associated with investing in the fund, are generally sold in three classes: A, B and C.
Warren Baker era at Cal Poly is greater than sum of its parts Friday, July 30, 2010 @ 11:25PMFor the first time since he was 40, Warren Baker on Monday won’t have the multifaceted job of leading one of California’s best-regarded universities.
Benefits, services, taxes and economics Friday, July 30, 2010 @ 11:11PMGrand Island firefighters responded to small fire at Hornady Manufacturing, 3625 W. Old Potash Highway, just before 5 a.m. Wednesday.
National Bonds Asian expatriates are biggest buyers Ordinary investors prefer National Bonds Friday, July 30, 2010 @ 10:13PMThe lean financial times have encouraged more UAE residents not only to go slow on their spending, but to save and invest their income in financial instruments, industry sources confirmed.
Money-fund assets rise; yields are unchanged Friday, July 30, 2010 @ 10:07PMTotal money-market mutual-fund assets rose by $3.57 billion to $2.802 trillion for the week, the Investment Company Institute said this...
Bernanke financial disclosure shows no-frills plan Friday, July 30, 2010 @ 3:51PMBy day, Federal Reserve Chairman Ben Bernanke weighs dramatic acts to stabilize the U.S. economy. At home, he takes a more passive approach to finance. Bernanke's 2009 financial disclosure shows that he mostly left his money where it has been: in no-frills... Ben Bernanke - Finance - Economy of the United States - Chair of the Federal Reserve - Government
Bernanke's retirement plan: Buy and hold no-frills investments, keep it simple Friday, July 30, 2010 @ 3:50PMWASHINGTON - By day, Federal Reserve chairman Ben Bernanke weighs dramatic acts to stabilize the U.S. economy. At home, he takes a more passive
Bernanke financial disclosure shows no-frills plan Friday, July 30, 2010 @ 3:50PMTON — By day, Federal Reserve Chairman Ben Bernanke weighs dramatic acts to stabilize the U.S. economy. At home, he...
Bernanke financial disclosure shows no-frills plan Friday, July 30, 2010 @ 3:50PMBy day, Federal Reserve Chairman Ben Bernanke weighs dramatic acts to stabilize the U.S. economy. At home, he takes a more passive approach to finance.
Bernanke Financial Disclosure Shows No-Frills Plan Friday, July 30, 2010 @ 3:44PMBernanke's retirement plan: Buy and hold no-frills investments, keep it simple, write books Pension - Business - Buy and hold - Retirement - Investing
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions Friday, July 30, 2010 @ 3:39PMNEW YORK--(BUSINESS WIRE)--Today, BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) (the “Fund”) paid the following dividend per share: Fund Pay Date Per Share EGF July 30, 2010 $0.080000 The Fund has adopted a level distribution plan (the “Plan”) and employs either a managed distribution or an option over-write policy to support a level distribution of income, capital gains and/or return of ...
House Votes to Set Aside Obama Drill Ban as Standards Are Met Friday, July 30, 2010 @ 3:35PMThe U.S. House adopted an amendment to legislation overhauling offshore drilling rules that would set aside the Obama administration moratorium on deep-water exploration as rigs meet new safety standards.
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions Friday, July 30, 2010 @ 3:33PMNEW YORK----Today, BlackRock Enhanced Government Fund, Inc. paid the following dividend per share: Fund Pay Date Per Share EGF July 30, 2010 $0.080000
Bernanke financial disclosure shows no-frills plan Friday, July 30, 2010 @ 3:29PMBernanke's 2009 financial disclosure shows that he mostly left his money where it has been: in no-frills annuities, U.S. Treasury securities and mutual funds.
Big Investors Are Bulls, Small Fry Are Bears Friday, July 30, 2010 @ 3:21PMThe difference in sentiment between the two groups is unusually broad—which, in the past, has suggested an excellent buying opportunity
Colgate Second-Quarter Profit Rises 7.3% on Asia, Africa Growth Thursday, July 29, 2010 @ 5:05AMColgate-Palmolive Co., the world’s largest toothpaste maker, said second-quarter profit rose 7.3 percent, helped by growth in Asia and Africa.
Mitchell SmartAdvisor(TM) Customer Advisory Council Discusses Medical Claims Leakage Technology Breakthroughs Thursday, July 29, 2010 @ 5:00AMSAN DIEGO, CA--(Marketwire - 07/29/10) - Mitchell International, Inc., a leading provider of information, workflow and performance management solutions to the Property & Casualty and claims and Collision Repair industries, today announced the successful conclusion of the second meeting of the Mitchell SmartAdvisor Customer Advisory Council (CAC). Members include claims executives from leading ...
Horizons Advantaged Equity Fund appoints new fund manager Thursday, July 29, 2010 @ 5:00AMHorizons Advantaged Equity Fund Inc. announces that, effective on the close of business September 27, 2010, JovInvestment Management Inc. , an affiliate of JovFunds Management Inc. , will replace JovFunds as the manager of the Fund.
Toyota warns of possible steering problem Thursday, July 29, 2010 @ 4:32AMToyota has announced a voluntary recall of 4,200 Avalon vehicles sold in Canada to correct a steering problem.
Target Date Funds Are No Bargains, Study Says Thursday, July 29, 2010 @ 4:28AMThe funds may be costing investors more than a billion dollars a year, a Georgia State University report shows.
PartyGaming, Bwin Web-Gambling Companies to Merge Thursday, July 29, 2010 @ 4:20AMPartyGaming Plc and Bwin Interactive Entertainment AG, an Austrian online betting company, aim to merge and create the world’s biggest publicly traded online gambling business.
Artio Global Investors Reports Second Quarter 2010 Results; Announces Quarterly Dividend of $0.06 Per Share Thursday, July 29, 2010 @ 4:12AMNEW YORK--(BUSINESS WIRE)--Artio Global Investors Inc. (NYSE: ART) (together with its subsidiaries, “Artio Global” or the “Company”) today reported its results for the quarter ended June 30, 2010. Financial Highlights Adjusted1 net income attributable to Artio Global Investors (“adjusted net income”) of $24.4 million, or $0.41 per diluted share, for the second quarter of 2010; (GAAP net income ...
Artio Global Investors Reports Second Quarter 2010 Results; Announces Quarterly Dividend of $0.06 Per Share Thursday, July 29, 2010 @ 4:00AMNEW YORK----Artio Global Investors Inc. today reported its results for the quarter ended June 30, 2010. Financial Highlights
17,957.37 Wednesday, July 28, 2010 @ 4:32AMThe Fresh Issue and the Offer for Sale (jointly referred to herein as the “Issue”) will constitute 21.6% of the fully diluted post issue paid-up capital of the Company.
17,957.37 Wednesday, July 28, 2010 @ 4:20AMTata Mutual Fund has filed offer document with Sebi to launch Tata Natural Resources Fund, an open ended equity scheme with two plans i.e. Plan A and Plan B. The scheme will offer units at Rs 10 each for cash during the NFO period.
Keeping Track of the Index Trackers Wednesday, July 28, 2010 @ 4:18AMRead full story for details.
Keeping Track of the Index Trackers Wednesday, July 28, 2010 @ 4:00AMHow do ETFs compare with mutual funds regarding tracking error?
Lazard Ltd Reports Second-Quarter and First-Half 2010 Results Wednesday, July 28, 2010 @ 4:00AMNEW YORK----Lazard Ltd today announced financial results for the second quarter and first half ended June 30, 2010. Net income on a fully exchanged basis was $53.0 million, or $0.39 per share , for the second quarter of 2010, compared to net income of $43.1 million, or $0.34 per share , for the second quarter of 2009.
HCA's $40 Billion IPO: Three Storylines To Follow Wednesday, July 28, 2010 @ 3:40AMThe HCA IPO could make hospitals a hot investing category. What did its private equity owners do to
Small-cap investors know bigger not always better? Wednesday, July 28, 2010 @ 3:35AMBOSTON — Bigger usually offers more protection than smaller. Think of boats in rough seas, or planes in turbulence.
Bill that commits $10 million to replace Hangar One's shell passes key subcommittee Wednesday, July 28, 2010 @ 3:11AMEfforts to preserve Moffett Field's historic Hangar One received a significant boost Tuesday when a key congressional subcommittee endorsed a bill that would allocate $10 million for the task.
Edward Jones opens Bayside office Wednesday, July 28, 2010 @ 3:08AMEdward Jones, which offers financial planning for both individuals and businesses, opened its newest branch at 213-33 39th Avenue in Bayside.
Baron Funds Team Comment onTop Purchases Tuesday, July 27, 2010 @ 9:26PMBy guruek. Ron Baron of Baron Funds, together with the fund managers of the firm, published his quarterly letter to shareholders. In the past two weeks or so, quite few investment Gurus expressed optimism towards the stock market, including Jeremy Gratham, Bill Miller, Bill Nygren, Mason Hawkins, Arnold Van Den Berg, Donald Yacktman, and Ron Muhlankamp. Even the most negative of them, consider ...
Tiger Global Said to Invest in LinkedIn at $2 Billion Valuation Tuesday, July 27, 2010 @ 9:24PMTiger Global Management LLC, a hedge fund founded by Chase Coleman, paid $20 million for a stake in LinkedIn Corp., valuing the professional-networking website at more than $2 billion, said two people familiar with the matter.
Tiger Club U.S. Millionaires Pounce on Buffett's 19% Return at Berkshire Tuesday, July 27, 2010 @ 9:23PMWarren Buffett ’s Berkshire Hathaway Inc. is the darling of U.S. millionaires, or at least those in Tiger 21, a peer investment group.
Tweedy Browne Builds Positions in BAX, KMB, ADP, BTI, Sells MO, RAI, NSC Tuesday, July 27, 2010 @ 8:56PMThe recent market correction and volatility certainly created opportunities for Tweedy Browne managers. They have initiated positions in a few large companies, as they discussed in their Q2 shareholder letter. Read more » »
Daiwa Cedes Bond Underwriting Ranking to Nikko After JV Ends Tuesday, July 27, 2010 @ 8:24PMDaiwa Securities Group Inc., Japan’s second-biggest brokerage, fell behind Nikko Cordial Securities Inc. in bond underwriting fees for the first time, after ending a joint venture with Nikko’s parent, Sumitomo Mitsui Financial Group Inc.
Pray For China's Love & Blow A Kiss To Germany Tuesday, July 27, 2010 @ 7:46PMTime to send a collective American hug over to Beijing. We need their fiscal love. One of the CBO's leading economists confirms what many have feared: if buyers of U.S. debt suddenly lose their appetite for it, we're toast. From the report : Although deficits during or shortly after a recession generally hasten economic recovery, persistent deficits and continually mounting debt would have ...
Temasek, IMDI Form $200 Million Land Joint Venture in Mexico Tuesday, July 27, 2010 @ 7:39PMTemasek Holdings Pte, Singapore’s state-owned investment company, said it formed a joint venture with Impulsora Mexicana de Desarrollos Inmobiliarios to invest in land and real estate in Mexico.
Mutual Funds’ $9.5 Billion Cut Is Up for Grabs: Susan Antilla Tuesday, July 27, 2010 @ 6:46PMThe mutual fund industry raked in $9.5 billion from the esoteric sales charges known as 12b-1 fees in 2009, and that was a lousy year. In the headier markets of 2007, often-clueless investors forked over $13.3 billion in these misunderstood charges, which go mostly to line the pockets of brokers, not to manage investments.
Lake Champlain groups to spend $12.8 million Tuesday, July 27, 2010 @ 6:45PMPoliticians, lake advocates and federal officials praised one another and pledged continued cooperation Monday as they agreed to divvy up $6.5 million in new federal spending on Lake Champlain.
INQ Handsets Come to North America Tuesday, July 27, 2010 @ 6:34PMThe North American handset market has just gotten more crowded. On July 28, INQ Mobile, owned by Hong Kong-based carrier Hutchison Whampoa Ltd., said it will start selling its INQ Chat 3G phone through Telus and Koodo Mobile, both based in Canada.
Kiwis may get second shot to invest in Synlait Monday, July 19, 2010 @ 4:44PMJuly 20 (BusinessDesk) – Kiwi investors who spurned the chance to buy shares in Synlait Ltd.’s milk processing unit last year may get another shot at buying into the business, with its new Chinese partner supportive of a float in the next five ...
NYSE Readies Floor For 'Next Generation' Monday, July 19, 2010 @ 4:34PMA push to modernize the floor of the New York Stock Exchange by providing a few creature comforts is expected to attract a whole new generation of traders.
Woeful Sentiment Looks Suspiciously Similar To Last July's Rally Monday, July 19, 2010 @ 4:22PMWhen the consensus is lopsided in any direction you've got to go the other way.
US equities advance on better earnings news Monday, July 19, 2010 @ 4:06PMStocks in the US advanced as better-than-anticipated earnings outweighed a decline in homebuilder confidence.In late trading, the Dow Jones industrial average gained 0.68 per cent, the Standard & Poor's 500 Index rose 0.70 per...