While actively managed stock funds bled more than $172.3 billion over the last year, one category of actively managed equity funds is bucking the trend.
Our long-time mutual funds editor Stan Luxenberg has advice for financial advisors on which funds to use when clients get nervous. His point? There are funds which can run to cash — in a BIG way — when the portfolio managers turn...
Claiming they are giving advisors what they asked for, American Funds recently rolled out its new ‘Portfolio Series’ of funds. It remains to be seen if the new products will help staunch the severe outflow of assets at the once dominant fund company.
So, now the federal gub’ment wants to criminalize risk. Yup, apparently, the Justice Department is investigating JP Morgan Chase (Ticker: JPM) for its “whale” trade. (Some whale; it represents about 1% or more of its capital.)
Here is...
