20 Jan 2005 07:14 PM

Pension funds will shift their focus towards commodities in the wake of continuing drop in the dollar, and surging demand for raw materials coming from the expanding Chinese economy, says Tudor Investment Corp. strategist Steve Mathews said. ``

18 Jan 2005 07:36 PM

Chinese mutual funds that were previously swelled with funds inflow now suffer a setback: retail investors are pulling money from the poorly performing stock market. The drop in demand for mutual funds is caused by the drop in the once hot Shanghai stock market that lost nearly

14 Jan 2005 05:12 PM

Edward D. Jones & Co. published the amount of secret payments it received from mutual funds for pushing their products to consumers. The total amount of $82.4 million is then broken down by fund families. The numbers were made public in compliance with the $75 million agreement with regulators specifying that Edward D. Jones & Co. failed to disclose the payments in revenue-sharing schemes to investors. Revenue sharing is allowed by the law, but regulators maintain that the lack of disclosure prevents the clients from assessing

13 Jan 2005 06:04 PM

Nikko Asset Management, a fund division of a top Japanese brokerage Nikko Cordial Corp., will register its $200 million mutual fund tomorrow that will offer for the first time foreign investors direct access to the Chinese stock market. The fund will start from selling its yen-denominated shares to Japanese investors and plans

07 Jan 2005 05:03 PM

Default rates on junk bonds dropped 80% from their global peak at 10.9% in 2002 and ended the year at 2.2% as opposed to 5.2% at the start of 2004. The investors’ appetite for high-yield debt instruments compressed the interest-rate spread over “normal” bonds and gave a boost to the bond prices. The highly risky CCC bonds grabbed a 17.8% share of the market last year, an extremely dangerous proportion when assessed against 8.7

07 Jan 2005 11:21 AM

Equity funds demonstrated hectic activity this year, with the volume of announced deals hitting $294 billion, according to the data supplied by Dealogic. This is a 60% increase from 2003. Last year was also noted for record activity with a 39% increase from $133 billion to $185 billion. The

07 Jan 2005 05:52 AM

Hedge fund performance rose 1.23% in December, for the full 2004 year funds added 3.4%, according to Standard & Poor's.

04 Jan 2005 05:47 PM

The high-risk fixed income market that usually offers a healthy risk premium over the investment-grade bonds has seen shrinking yields this year as rising confidence about the economy, low rates and recovering balance sheets have lures investors of all stripes into the junk-bond market. Junk b

30 Dec 2004 04:55 PM

The Thrift Savings Plan has become the cornerstone of George W Bush’s plan to revamp the Social Security System. The plan now available only to federal government employees is presented as a better version of the 401(k) retirement program that can provide future retirees with better returns while simultaneously offering them protection from extreme market swings. "People

28 Dec 2004 05:03 AM

In November investors added a net $19 billion to U.S. and international stock and bond mutual funds, from $14 billion in October, according to CBSMarketWatch.

21 Dec 2004 03:04 PM

According Vanguard, assets of its Vanguard 500 Index Fund have topped $100 billion. The fund's assets rose to $103.35 billion.

17 Dec 2004 10:18 AM

Morgan Stanley, New York-based second-largest U.S. securities firm by equity capital, is buying the Tokyo headquarters from Mitsubishi Motors, Japan’s fifth-biggest automaker in terms of sales revenue, for a sum exceeding $1.1 billion (about 120 billion yen). The acquisition of the 32-story building in Shinagawa will be the biggest purchase of Japanese property by a foreign

16 Dec 2004 08:40 AM

Golf outing of Mr. DeSano, Fidelity Investments’ head of stock trading, may cost him a little more hassle that he would like too as federal regulators have picked up the matter in yet another move, likely to disrupt the sleep of Wall Street big fish. Mr

10 Dec 2004 08:15 AM

Vanguard Group’s Energy Fund was temporarily closed for new shareholders to protect the existing ones. The fund that currently has $5.3 billion in assets was closed for a "cooling-off" period, the company announced Wednesday

02 Dec 2004 10:48 AM

Sean Harrigan, president of Calpers, California's largest public pension fund, was removed on Wednesday. The California Public Employees Retirement System, or Calpers, manages $178 billion of retirement money.