Mutual Funds News
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Updated 1 hour, 44 minutes ago
Louis Bacon, Michael Novogratz and other multibillion-dollar hedge-fund managers expect to make more money this year from rising Japanese stocks and a falling yen even after being forced to scale back their bets as markets changed direction, according to clients.
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Updated 47 minutes ago
Investors in companies buying mortgage bonds are discovering that coming late to the party can still leave them with the biggest hangover.
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More than $500 billion wiped off the value of U.S. stocks is providing opportunities for investors who remember that equities tend to rise when the Federal Reserve begins reducing efforts to stimulate the economy.
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Updated 41 minutes ago
Mexico’s peso is losing its status as the best carry-trade currency for Japanese investors as the Bank of Japan signals reluctance to boost stimulus while the Federal Reserve weighs curbing its asset purchases.
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Charles Schwab (SCHW) made a huge splash last September when it slashed expense ratios on several of its exchange-traded funds. They included the Schwab U.S. Broad Market ETF (SCHB), which saw expenses cut from 0.06 percent to 0.04 percent -- or $4 per year for $10,000 invested. That made it the cheapest fund since the invention of the first mutual fund in 1924. With expenses now less than the cost of a small pizza, the fund has doubled in size to $2 billion, and is ever-so-slightly outpacing the S&P 500.
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U.S. stocks fell for the week, sending benchmark indexes lower for the third time in four weeks, as investors speculated whether the Federal Reserve will signal a reduction of stimulus efforts after its next meeting.
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Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein met this month with the top U.S. securities regulator to discuss issues including the Volcker rule and regulations for money-market mutual funds.
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The market for small U.S. initial public offerings is “dead,” making sales of startups to larger companies more likely and reducing competition, billionaire investor Mark Cuban said.
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John C. Bogle, the founder of Vanguard Group Inc. who popularized index-based investing, said proposed rules for money-market mutual funds don’t go far enough to protect investors and the financial system.
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Eight former directors overseeing mutual funds for Morgan Keegan & Co. settled, without paying any penalties, U.S. regulatory claims that they allowed assets backed by subprime mortgages to be overvalued as the housing market collapsed in 2007.
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