The warning is posted in fine print at the bottom of all mutual fund advertisements: "Past performance does not guarantee future results." The U.S. Securities and Exchange Commission requires it.
(Bloomberg) -- Like many Americans, Ken Winterhalter wants the financial industry to pay for its past recklessness. His favored punishment, however, isn’t jail time for CEOs or bigger corporate fines...
(Bloomberg View) -- New rules aimed at strengthening one of America’s most popular savings products -- the money-market mutual fund -- are causing a minor tempest in financial markets, drawing complaints about unintended consequences...
(Bloomberg View) -- Last week, yet another slew of private retirement plan managers became the target of class-action lawsuits. This time it was a bunch of universities: Yale University, New York University, the Massachusetts Institute of...
Outpouring. | Copyright Bryan Thomas, Getty Images
Retail investors continued to pull money out of active U.S. equity funds in July, with outflows totaling $32.9 billion during the month, outpacing $21.7 billion in negative flows in June, acco...
(Bloomberg) -- Investors pulled $32.9 billion last month from actively managed U.S. mutual funds that buy domestic stocks in July, the biggest monthly outflow in data going back to 1993, as money continues to move into low-cost passively...
