July 2, 2009 – The Legg Mason Opportunity Trust Fund is the leading U.S. stock fund in the second quarter.
Finally, insiders launched candid criticism at the mutual fund industry last week, to help it respond sensibly to the economic meltdown and reposition itself to regain investor trust. Foremost among this advice is giving portfolio managers back the power to pick stocks and run with their investment ideas, instead of being so tightly tethered to an investment class and market capitalization. Further, fund managers should step away from their style boxes and take a look at bigger economic trends.
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Firm: Putnam Investments
In the news: Hedge Funds Starting To Find Their Footing
Mutual fund industry experts keep saying that eliminating the stable $1 net asset value on money market mutual funds will ruin the product, but that hasn't kept regulators from considering it anyway. At a recent SEC meeting, Chairman Schapiro hinted that this continued push is coming from her boss, President Obama.
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