Two MFS funds to be terminated
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The board overseeing MFS Institutional Emerging Equities Fund and MFS Institutional Mid Cap Growth Fund has voted to terminate the funds about Oct. 28, according to a Securities and Exchange Commission filing. It did not say why. Mid Cap Growth had about $17.8 million in net assets June 30; Emerging Equities had $56 million. Massachusetts Financial Services Co. is the ...
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If you want to hear someone trash  the mutual fund industry, log onto FundAlarm  (http://www.fundalarm.com).
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A $5 million shortfall in client funds has been discovered after Wellington-based discount broker Access Brokerage was placed into liquidation yesterday.
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Assets of the nation's retail money market mutual funds fell by $2.06 billion in the latest week to $923.17 billion, the Investment Company Institute said Thursday.
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Yellow Pages Income Fund (TSX: YLO.UN) announced today that its monthly cash distribution of $0.09083 per Fund unit will be paid on July 16, 2007 to unitholders of record at the close of business on June 29, 2007.  This cash distribution covers the period from June 1, 2007 to June 30, 2007.
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NEW YORK -- Two isn't always more than one. With mutual funds, whether two managers are better than one depends on the fund. It's no surprise that many funds run by a lone portfolio manager produce enviable returns. Legg Mason's Bill Miller has for years famously outmaneuvered a range of markets ...
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Fidelity Investments, the world&#39;s biggest mutual fund company, has let go two employees and disciplined 14 others for violating its policy on gifts, the company said Thursday.
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First it was Fidelity, the second-biggest mutual fund family in the United States. It announced 12 days ago that it was slashing the expense fees on five of its index funds.
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TORONTO -- Sun Life Financial Inc.'s Boston-based MFS Investment Management unit could be worth $4 billion to $5 billion, analysts estimate, but some also see risks in merging or selling the US money manager.
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In mutual funds, how much turnover is too much?
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Withdrawal woes continue to plague the mutual fund manager.
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When it comes to fund investing, the devil is in the details.
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The new version of the personal finance program drops support for a widely used file format.
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Fremont Investment Advisors of San Francisco has agreed to pay $2.1 million in restitution and $2 million in civil penalties to end a mutual fund timing case, New York Attorney General Eliot Spitzer announced Thursday.
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MF Global agreed  to pay more than $77 million to settle federal charges it had failed to watch over a hedge fund charged with fraud.
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It's time to give your funds a checkup.
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The fund to compensate families who lost savings in the Farepak Christmas fund collapse is to close.