Mutual fund assets rise 3.6%
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US mutual fund assets grew by 3.6 percent to $7.92 trillion in November, lifted by higher stock prices and a near-doubling of new investments from a month earlier, the Investment Company Institute said in a report.
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A recent survey found that mutual fund ownership is on the rise after two years of decline, an encouraging signal that Americans are starting to save more money. But although most investors say retirement is their No. 1 priority, experts say the vast majority remain in danger of shortchanging this goal.
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Bank's main rate up to 5.75%, highest in six years.
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Pay at Massachusetts mutual fund firms is likely to rise as much as 15 percent this year as bonus season gets underway, say executives and consultants, to the most generous level in years, likely providing a boost to the regional economy.
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WASHINGTON -- Interest rates on short-term Treasury bills rose in auction yesterday, with three-month bills rising to the highest level in more than six years.
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Overnight rate nearly certain to rise to 6.0% after June prices pass expectations.
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Assets of the nation's retail money market mutual funds rose by &#36;906.8 million in the latest week to &#36;833.01 billion, the Investment Company Institute said Thursday.
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The latest monthly data has carriers' shares lifting higher.
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Hedge funds are gaining in popularity as they pursue a host of investment strategies.
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These six stocks pay dividends and deliver earnings growth.
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Shares of film studio Metro-Goldwyn-Mayer (NYSE: MGM) rose more than 6% on heavy volume yesterday on the back of reports from - and followed up by various
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Total money market mutual fund assets rose by $2.10 billion to $2.536 trillion for the week, the Investment Company Institute said Thursday.
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U.S. stocks rose on Tuesday, helped by  a more than 6 percent jump in shares of American Express Co.  AXP.N after the Dow component said it will spin off its  personal finance unit.
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Combined assets of US exchange-traded funds rose to $180.8 billion in September from $174.5 billion in August, the Investment Company Institute said on Friday.
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Venture capital and private equity firms enjoyed a particularly strong third quarter when it came to raising money from institutional investors.
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For the first time in six years it is now possible to take out a savings account earning at least 7% interest.
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Assets of the nation's retail money market mutual funds rose by &#36;2.85 billion in the latest week to &#36;845.69 billion, the Investment Company Institute said Thursday.