China’s Mutual Fund Industry Goes International


China is opening its notoriously closed mutual fund industry to international investing, injecting more than 1 billion potential investors into the global markets. Meanwhile Western fund managers and technology providers hope to provide much-needed expertise to Chinese investment firms.

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TD Asset Management Inc. to terminate operations of three mutual funds

CNW Group via Yahoo! Finance

TD Asset Management Inc. today announced plans to terminate three mutual funds . Effective May 29, 2009, the Funds will cease offering units for purchase and will be terminated on or about July 31, 2009.

 

Exxon Mobil activists appeal to mutual funds

Houston Chronicle

A group of Exxon Mobil shareholders is appealing to investors in the nation’s biggest mutual funds to help change the oil giant’s approach to environmental issues

 

Mutual funds watch rally from sidelines

Business Standard India

Mutual funds, flush with cash, are busy booking profits instead of investing in this rising market.

 

Target-date mutual funds may carry excessive risk

The Record and Herald News

DALLAS — Are target-date mutual funds missing the bull's-eye? It appears the answer is yes for many of these funds, which are designed to smooth a worker's path to retirement by automatically resetting the investments as the investor ages.

 

TIP DU JOUR: Read disclosures of mutual funds

Courier-Post

Many mutual funds are beginning to charge more to manage money. Rising fund expense ratios are a response to declining markets that have eroded the management revenue that fund companies rely on to cover their own costs.

 

Mutual funds pack a performance punch

rediff.com

Equity funds' exceptional performance was obviously due to the stock market rally that was led by small and mid-cap stocks. Realty, banks and consumer goods companies emerged as top gainers.

 

Target-date funds may miss mark

Baltimore Sun

Some aggressive ones have seen bigger losses in bear market - Are target-date mutual funds missing the bull's-eye?

 

PUBLIC MUTUAL DECLARES DIVIDENDS FOR FIVE FUNDS

Bernama via Yahoo! Malaysia News

KUALA LUMPUR, June 1 (Bernama) -- Public Bank's wholly-owned subsidiary, Public Mutual Bhd today declared the final dividends for five of its funds for the financial year ended May 31, 2009.

 

Learn more about tax-saving mutual funds

rediff.com

ELSS are mutual funds that invest in the stock market and give the tax benefit under Section 80C of the Income Tax Act.

 

Italian Mutual Funds Had First Inflow in Two Years Last Month

Bloomberg

Funds had a monthly net inflow of about 1.6 billion euros ($2.3 billion) in May, compared with an outflow of 807 million euros a month earlier. Investors placed 587 million euros in stock funds in May and 257 million euros in bond funds.