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Pressure easing on mutual funds, with inflows in Nov (The Hindu)
We don’t resort to borrowing easily and we do so only in case of severe problems and usually only to meet investor payments. — Mumbai, Nov. 19 The mutual fund industry, which only a few weeks ago was strapped for funds, appears to be in a turnaround phase and is witnessing inflows. | Do hedge funds and mutual funds invest in commodities in high inflation environments? (Investopedia)
Do hedge funds and mutual funds invest in commodities in high inflation environments? | (AFX UK Focus) 2008-11-19 16:18 BRIEF-US SEC requires summary prospectus from mutual funds (Interactive Investor)
WASHINGTON, Nov 19 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday: * Voted to adopt a rule requiring mutual funds to provide a summary prospectus. | Putnam plans to cut 47 jobs, merge some mutual funds (The Indianapolis Star)
BOSTON Putnam Investments said Monday it will cut 47 jobs, including 12 portfolio managers, and merge six of its stock mutual funds into larger funds under a restructuring by the company's new top executive. Robert Reynolds, a former Fidelity Investments executive named Putnam's president and chief executive in June, said he also will assign more responsibility to individual fund managers rather ... | SEC Approves New Disclosures for Mutual Fund Investors (Fox News)
The Securities and Exchange Commission on Wednesday voted unanimously to require mutual funds to provide investors with a concise summary written in easily understood language of each fund’s methods and goals. | Plunging stocks lead to start of layoffs at mutual funds (USA Today)
Faced with a soul-searing bear market and record outflows, funds are starting to lay off workers. And, although few have been sent packing lately, many mutual fund managers will be scanning the want ads soon, too. | SEC improves disclosure for mutual fund investors (Investment Executive)
The U.S. Securities and Exchange Commission has voted unanimously to alter mutual fund disclosure rules, requiring that mutual funds provide investors with a concise, plain English prospectus summary, and reforming delivery requirements, the regulator said Wednesday. |
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