Mutual Funds Investment Products

News

New AARP Funds Chief Plans to Expand Offerings

New Focus on Retirement Income, Calculators

IndexIQ Launches Hedging Mutual Fund

IQ Alpha Hedge Strategy Fund to be Team Managed, Invest in ETFs

Fidelity Brokerage Assets Up 2% to $1.92 Trillion

Division Serving Advisers Sees 10% Increase in Assets

Paulson Declares Economy Sound

Voices Support for Freddie Mac, Fannie Mae

Barclays to Offer Target-Date & Target Risk ETFs

Funds-of-Funds to Draw From Existing iShares

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Articles

Week in Review

Subprime Debt Too Hot to Handle for Ratings Agencies In a report the Securities and Exchange Commission released last week onwhat went wrong at the ratings agencies responsible for grading instruments tied to subprime debt, the Securities and Exchange Commission found a breakdown in communications-and executives overanxious for the business.

Executive Moves

Petrozzo, DePoalo New CIOs at Fidelity Daniel Petrozzo has been named new chief information officer at Fidelity Investments, and Ronald E. DePoalo is now CIO of the firm's institutional products division.

Another Rough Month for Financial Services Jobs

For professionals on Wall Street, the June jobs number confirmed what many already knew: The financial services segment of the U.S. economy lost jobs last month. Some observers say the pace of jobs lost on Wall Street could exceed all other previous downturns faced by banks and brokerages since World War II. The U.S. Labor Department said payroll employment fell by 62,000 and the jobless rate was unchanged at 5.5%. Within financial services, 10,000 jobs were lost.

Give Mutual Fund Investors the 'Gold Card' Treatment

Get a little imagination, guys. It never ceases to surprise me how uninspired most financial services, and in particular, mutual fund, advertisements are. Only two come to mind as standouts: AXA's ads with the proverbial 800-pound gorilla in the room, representing the big question of how underprepared most people are for retirement, and another, by an investment firm I cannot even remember, in which an older couple resort to comically drastic financial measures, like taking in an unlikely boarder in order to get by.

Tax Warning to Hedge Funds Heading Overseas To Avoid Subprime Risks

The ongoing credit crisis saga has taken a tremendous toll on hedge funds due to their exposure to structured mortgage-backed assets-and for those heading or parsing trades overseas to avoid U.S. taxes: Beware. The contracting demand for mortgage-backed securities-which had been dramatically overvalued by brokers who pushed more than 600 varieties of these assets to hedge fund managers through unregulated, highly leveraged repos-precipitated the tightening of unsecured term funding.

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