The Investment Company Institute says it supports the SEC proposal requiring mutual funds to disclose the fund board's basis for evaluating and approving an investment advisory contract. "Making this information more readily available to shareholders may help them better understand
The Dutch financial markets regulator said this week that a watchdog investigation indicated that investment funds in the country failed to sufficiently protect the interests of investor, Reuters reported. The Authority for Financial Markets said in a report that a
Franklin Resources, manager of the Templeton mutual funds, yesterday reported quarterly earnings up 58 percent. But the firm said it was taking a pre tax charge of $60 million to cover costs related to official investigations into improper trading. The
Fitzrovia International's says all collective investment funds in Luxembourg enjoyed growth of 36% in total net assets last year, jumping to $1,199.7 billion from $ 883.2 billion in the year ended Dec. 31, 2003. While part of this growth can
John Wheeler, Vice President and Director of US Equity Trading at the American Century Funds, said at an SEC hearing that, despite their own 'mea culpa' over stock trading abuses last year, mutual funds still face anything but a smooth
BISYS said it had net income of $3.2 million or $0.03 per diluted share in the third quarter, compared to net income of $32.5 million or $0.27 per diluted share for the same period in fiscal 2003. Revenue for the
Aviva Funds, the Luxembourg domiciled fund range of the Aviva group, has obtained authorisation from the Czech Securities Commission to distribute 24 of its sub funds to private investors in the Czech Republic. Aviva Funds has appointed Ceska sporitelna as
Aviva Funds, the Luxembourg domiciled fund range of the Aviva group, has obtained authorization from the Czech Securities Commission to distribute 24 of its sub funds to private investors in the Czech Republic. Aviva Funds has appointed Ceska sporitelna as
The bear market in fund management is over fund managers are no longer focused on cutting costs, but investing in platforms, people and procedures to make sales. Or so suggests a survey conducted by Citisoft, the specialist investment management consulting
BISYS says it has been selected by Atlanta based Trusco Capital Management to provide a full service mutual fund servicing solution. BISYS will support the STI Classic family of mutual funds, which are managed by Trusco Capital Management and represent