U.S. Mutual Funds Assets Rise This Week
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Assets of the nation's retail money market mutual funds rose by &#36;4.36 billion in the latest week to &#36;829.70 billion, the Investment Company Institute said Thursday.
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Assets of the nation's retail money market mutual funds rose by &#36;135.5 million in the latest week to &#36;833.76 billion, the Investment Company Institute said Thursday.
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Investor's Business Daily - U.S. stock mutual funds in August posted their best month since January, gaining an average 1.91% as the stock market shook off the malaise that has gripped it since May.
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U.S. stocks rose, reversing earlier losses in volatile trading, on Monday as investors viewed last week's sell-off as providing buying opportunities.
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Mortgage rates around the country climbed this week as Wall Street investors responded to some encouraging signs that the economy is gaining traction.
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U.S. stocks rose on Tuesday, helped by  a 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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Global stock markets bounced back last week, and on Wall Street the three major stock indexes posted healthy gains.
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U.S. stocks rose sharply on Tuesday, driving all three major stock indexes up more than 1 percent, as nearly a week of steep declines made shares' valuations look enticing to buyers.
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U.S. stocks climbed on Tuesday after  several banks, including Bank of America Corp. BAC.N, posted  increased fourth-quarter profits, while oil prices retreated  from seven-week highs, easing worries about steep energy costs.
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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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Stocks jumped on Thursday as a global rebound in equity markets gave investment banks a lift and U.S. retailers' posted generally strong monthly sales, stemming some concerns about the health of the U.S. economy.
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U.S. stocks gained on Tuesday after  two separate economic reports showed inflationary pressure was  held in check in July and U.S. housing starts rebounded sharply  in the same month.
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Assets of the nation's retail money market mutual funds rose by &#36;7.25 billion in the latest week to &#36;832.87 billion, the Investment Company Institute said Thursday.
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U.S. stocks gained on Friday, after data showed sales of new U.S. homes unexpectedly rose in July.
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Some mutual funds invest in stocks;  others invest in bonds. Now a new breed of funds is offering  the chance to own fine art.
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Strong global stocks and bonds markets  have fueled rapid growth in the $11.1 trillion U.S. mutual fund  industry, despite the wobble in emerging markets and concerns  about overheated Chinese markets in the past year.
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Investor's Business Daily - Asset managers appear poised for another year of strong earnings growth as equity markets encourage investment in mutual funds and managed accounts.