RSSCOMPANIES: INDUSTRIES:
Exchange Traded Funds Offer Low-Cost Diversification
Andrew Leckey
More than $1 trillion is invested worldwide in exchange-traded funds and those assets continue to grow as new ETFs are introduced and investors discover the concept. ETFs replicate indexes or sectors with a goal of low-cost diversification. ETFs are traded on an exchange so you can buy and sell during market hours, unlike a mutual fund in which you trade shares at the end of the day.
Fresh Look at Socially Responsible Mutual Funds
Rob Silverblatt
Most socially responsible mutual funds are born of a desire to help the environment, slow the spread of violence, or boycott certain practices. Parnassus Workplace (PARWX), on the other hand, sprang from the stocks of publicly traded companies that made Fortune's list of the '100 Best Companies to Work For'
Make the Most of Your Mutual Fund Money
Ben Baden
For most investors, the past 10 years have been sobering. Speculation drove growth stocks sky-high culminating in the tech-bubble burst. Later on, once trusted financials companies came to the brink of collapse. Times have changed. In turn, so should your investing habits. Here are some tips on becoming a smarter, more frugal mutual fund investor.
Growth Vs. Value Investing: 2010 Promises to be An Exciting Year
Andrew Leckey
The battle of growth versus value investing rages on in 2010. These distinct investment personalities move in cycles, one dominating for a period before being overtaken by the other. And then it starts all over again. Here's a look at potential growth and value investments.
Are International Investments Still Good Plays
Andrew Leckey
There is still promise abroad in 2010, yet don't get carried away. Dynamic years are often been followed by dismal ones in the quixotic world investment mix. It increasingly makes sense to include international stocks or mutual funds as part of your personal portfolio, but you should do so in moderation.
The 10 Strangest Mutual Funds
Rob Silverblatt
When mutual funds step off the beaten path, there's no telling what will happen. In the past, for example, oddball funds have fought the war on terror, tried to prop up the sky, and fantasized about swinging a presidential election. And although those particular funds failed, others have stepped in to carry the torch and preserve a long and proud tradition of eccentric investing styles. Here are the 10 quirkiest funds we could find
Know Target-Date Fund's Strategy Before Investing
Andrew Leckey
Forget about resting easy. Target-date funds, billed as confidence-building vehicles that gradually shift your holdings into more conservative fixed-rate instruments as their date nears, have caused some sleepless nights. Investors stashed money in these one-stop retirement plans so they didn't have to worry about making their own allocation decisions. But it has become clear they need to better understand the basic
Festive Times for International real estate Funds
Andrew Leckey
Let's get the party started: An overseas run-up in real estate funds is rocking. International real estate funds are up 38 percent in 2009, or about 100 percent above their market bottom in March, according to Lipper Inc. Global real estate funds that also include U.S. companies are up 28 percent this year.
Investing - PIMCO Fund Family Has Excelled During Downturn
Andrew Leckey
The PIMCO fund family gets a gold star for insight and early detection of the housing and mortgage debacles, resulting in strong results throughout many of its funds over the past three years. 'PIMCO and the strength of its bond portfolios has really stood out as a perceived advantage for it during the downturn'
Best Mutual Fund Families
By Katy Marquardt
In a recent survey, more than 3,000 financial advisers weighed in with their picks of the top fund families. Criteria included consistency, ethics, trustworthiness, sophistication, and social consciousness. The survey was commissioned by Horsesmouth, an online adviser community and kasina, a financial services consulting firm. But since straight rankings reveal only so much, We asked a handful of financial advisers which fund families they favor and why.
Mutual Funds Stage a Comeback: Time to Forgive and Forget?
By Katy Marquardt
After spending much of last year in the doghouse, mutual fund managers have now had two quarters in 2009 to regain the faith of investors. Many of last year's losers are now posting solid gains over the S&P 500
Stock Market Roller Coaster Ride
M. Ryder)
The Case Against (Some) ETFs
By Kirk Shinkle
Touted as a revolution in transparency, cost, and access to exotic investments, ETFs are now being slammed for inefficiencies, hidden fees, and opaque structures. Some experts argue that ETFs are just the latest means for investment advisers to hoist flawed products on unsuspecting customers. ...
7 Tips for Picking a Target-Date Fund
Emily Brandon
Many retirement savers think they can put their investment choices on cruise control if they use a target-date fund. These funds offer a mix of stocks, bonds, and cash that the fund manager automatically adjusts to become more conservative over time, based on the retirement date the participant selects. But it's best to take a look under the hood before stashing your nest egg in a target-date fund. Here are some tips for finding a target-date fund that is right for you.
5 Funds That Are Off to a Fast Start in 2009
By Katy Marquardt
Categorywise, large growth, midsized growth, and small growth funds have fared the best so far this year (although small companies have led the rally over the past three months). But not all of the top performing funds fall into one of those categories. Here's a look at some of the front-runners among diversified U.S. stock funds ... But beware ...
Mutual Funds Jobs & Careers Search
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How To Make The Most Of Your 401(k)
Grab your employer match and beware all those high cost mutual funds.
Vanguard's Three Worst Mutual Funds
Vanguard has a well-deserved reputation for quality. You wouldn't know it if you own these three funds.
Active Management Is Uncompensated Risk
The odds are against picking a winning, actively managed mutual fund and the payouts don't justify the poor odds.
Active Managers' Market-Beating Claims Debunked
New, more precise mutual fund style analysis shows active management still underperforms over time.
Why Bargain Trades Are No Bargain
Deeply discounted commissions encourage customers to trade more. Should they?
The Next Generation of REITs
As the dust settles from the crash, some little-known property outfits are coming to the fore.
The Truth About Micro-Cap Index Funds
They don't exist, because micro-caps are too small for index funds and ETFs to invest in.
Forbes Honor Roll
These funds delivered sound results in markets good and bad.
Islamic Fund Star
Nicholas Kaiser got into Islamic investing by accident, but there's nothing haphazard about his Amana funds.
Historical Sector Performance Charts
Performance period charts for the nine types of mutual funds covered in our 2010 Mutual Fund Guide.
A Decent Decade For Index Investors
Disciplined buy and hold strategy and annual rebalancing protected them.
Forbes.com: Mutual Funds News
Mutual Funds News from Forbes.com
Wealthy Still Suckers For Madoff-Style Scams
Social networks continue to trump hardheaded due diligence.
Money Milestones
Financial advice for a prosperous future.
Bet On Swiss In Time Of Turbulence
The Swiss franc is one of the more stable currencies in the world. Here's how to play it.
Loving Leverage: Trading Inverse ETFs In Up Markets
When bull markets get extremely overbought, it's time to dip into the arsenal of inverse ETFs for high-probability trades.
Tap Into The Right TAMP
Outsourcing parts of your business require a more strategic approach than just considering cost savings.
Fixed-Income ETF For Income And Gains
This fund kicks out a decent yield and I wouldn't be surprised to see some decent capital appreciation down the road.
Keeping An Edge In A Bull Market
Strong stocks and ETFs on pullbacks are what you're looking for each time the bull pauses.
Airline Stocks Look Set To Soar
Maligned sector in better shape than most investors believe.
Soaring Mortgage Defaults May Kill The Housing Recovery
Delinquencies, foreclosure like to put a damper on 2010 recovery.
Why Bargain Trades Are No Bargain
Deeply discounted commissions encourage customers to trade more. Should they?
A Soaring Housing Market: College Apartments
How to play the boom in upscale student housing.
Forbes.com: ETF News
ETF News from Forbes.com
Water ETFs: A Play on Aging Infrastructure
State and federal studies indicate that thousands of water and sewer systems may be too old to function properly. While it’s well-documented that finding clean water is a challenge in developing countries, water ETFs could benefit from improvements on our home turf, too. Some of the water systems are so old, they were built back during the time of the Civil War. With a pipe break a day in Washington at times, isn’t it time to replace some of the water infrastructure to help maintain and protect what resource we still have?
Tom Lydon (ETF Trends) submits:
Complete Story »
Profiling the Active ETF Landscape
To say opinions on the future of active ETFs are mixed would be a major understatement. Nearly two years after PowerShares launched its first line of active ETFs and a year after the much-publicized launch of the Grail American Beacon Large Cap Value ETF (GVT), active ETFs remain stuck in first gear. Investors have expressed excitement over the development of an investment option combining active management with the benefits of the exchange-traded structure, but have so far been hesitant to put their money where their mouth is. Some analysts doubt that active management will ever really catch on, citing a number of hurdles that may be difficult to overcome. Others think that a surge in activity in the space is inevitable, eagerly anticipating a number of potential “gamechangers” that could accelerate growth. Despite the slow start, active ETFs have gained some momentum in recent months, and there’s reason to believe it’s only a matter of time before these vehicles take off. PIMCO’s foray into the active bond ETF space has been quite successful, as the three active ETFs overseen by the bond fund giant have nearly $200 million in assets.
Michael Johnston submits:
Complete Story »
Position Liquidity Limits for S&P 500 ETFs
Investors who are concerned about the ability to exit a position, as well as to enter a position, and particularly those who use stop loss orders, should be aware of and concerned about the liquidity of the stocks they purchase. We believe that it is unsound to own more than 1% of the average daily Dollar trading volume of any security. We prefer to own less than that — preferably 0.5% as a limit.
Richard Shaw (QVM Group) submits:
Complete Story »
SEA: The Closest Thing We Have to a Greece ETF
Greece’s ongoing budget woes have been one of the major stories of 2010, sending shock waves throughout the euro zone (and global equity markets in general). After months of back-and-forth, some “doomsday” predictions, and even death sentences for the eurozone common currency, recent developments suggest that the risk may finally be abating for the small nation. Greece’s most recent austerity package, valued at more than $6 billion and went into effect last week, is designed to get the budget deficit down to a manageable level as quickly as possible. The package includes cuts to civil servants’ pay, pension freezes, and consumer tax hikes (including a sales tax hike from 19$ to 21% this week.
ETF Database submits:
Complete Story »
Technical Analysis' Fatal Flaw: All Charts Lie
By Matt Hougan The entire pretense of technical analysis, trend-following, moving averages and charting is based on a lie. It’s time to pull the wool back from the eyes of Wall Street.
IndexUniverse submits:
Complete Story »
Two Swiss ETFs for Quality and Value
According to Citi Chief Economist Willem Butler, “More than 40 per cent of global GDP now resides in jurisdictions (overwhelmingly in the advanced economies) running fiscal deficits of 10 per cent of GDP or more. For much of the past 30 years, this fluctuated in the 0-5 percent range and was dominated by emerging economies.” 
Carl T. Delfeld submits:
Complete Story »
SPY's Longest Winning Streak in History
SPY, the ETF that tracks the S&P 500, is on a very long run of positive daily returns, with 13 up days in a row. As you can see, from the chart this is very unusual. There was a run of 12 up days back in 1995. Now, we are officially on the longest run since SPY — the first ETF — was founded in January 1993.
Kurt Brouwer submits: 
Complete Story »
ETFs: Naïve Expectations vs. Actual Performance
Oil futures were up again Wednesday reaching an intra-day high of $83.36 before closing just below $83. This year’s high at $84 is now within arm’s length and could be tested within the next trading session. These price levels also bring back memories of the summer of 2007 when oil started its ascent all the way to the all-time high of $147 in July 2008. Looking at the trend development so far, it is rather tempting to jump on the band wagon in the hope of catching a possible repeat of the triple digit prices. click to enlarge
Clemens Kownatzki submits:
Complete Story »
Why Small-Cap ETFs Are Outperforming
Small-cap and micro-cap ETFs have been following the path woven for them by market history: they have been leaving large-caps in the dust. The outperformance of smaller and lower-quality stocks is typical in the first year of a bull market, and as the global economy struggles to rid itself out of this recession, this trend could remain in place. John Spence for MarketWatch reports that small-caps tend to beat large caps as cyclical sectors outperform defensive ones.Tom Lydon (ETF Trends) submits:
Complete Story »
ETFs Rally as Dow Hits 52-Week High
ETFs finally found some news they can get behind as the Dow hit a 52-week high. President Barack Obama has promised to sign into law a bill that promises to stoke job growth in the United States. The jobs bill would give a temporary payroll tax holiday to companies that hire unemployed workers. There’s lots of skepticism that the bill will actually do much to generate jobs, but optimists think it could lead to as many as 250,000 jobs by year-end. About 8.4 million jobs have been lost since the recession began, however, so it could be just a drop in the bucket.Tom Lydon (ETF Trends) submits:
Complete Story »
Wednesday ETF Wrap-Up: FXI Rises, VXX Continues Slide
After starting the day strong, most equity markets slumped in afternoon trading before finishing the day with a surge. This stretch of positive returns, the sixth in a row for the Dow, came after continued jubilation regarding Federal Reserve monetary policies. “There’s no question the Fed being easy continues to feed this. Easy money is creating massive misallocations everywhere, and that party can continue. As long as you have Ben the bartender manning the tap, anything is possible,” said Peter Boockvar.
ETF Database submits: 
Meanwhile, the Senate passed a $17.6 billion jobs bill that will exempt businesses from paying 6.2% payroll taxes on new employees that had previously been out of work. The measure is designed to lower the 9.7% unemployment rate ahead of November’s midterm elections, and may have also helped to buoy markets.
Complete Story »
Five ETFs With the Highest Expense Ratio
The rise of the ETF industry is often attributed (in large part at least) to a shift in investor preference from pricey active management to low-cost indexing strategies. ETFs burst on to the investment scene by offering fees equivalent to only a fraction of those charged by traditional actively-managed mutual funds, and have continued to attract assets as investors frustrated with the inability of active management to consistently generate alpha seek out more cost-efficient alternatives. But not all ETFs offer bargain basement expense ratios. As the product offerings have become increasingly specialized and targeted in recent years, average fees have been on the rise. This trend isn’t necessarily attributable to issuer greed (the low end of the expense ratio range has expanded as well), but rather to increasing complexity and granularity of exposure available through ETFs.
Michael Johnston submits:
Complete Story »
Increasing Dividend Yield Part III: About Preferred Stock
This is the third installment in a multi-part series that looks at various options used by income investors to boost their yield while waiting for dividend growth to lift their portfolio’s overall yield-on-cost. Last week we looked at REITs. This week we are looking at Preferred Stock.
Dividends4Life submits:
Complete Story »
The Top 10 Most Actively Traded ETFs
It’s often been said that the top 10 exchange traded funds make up more than 50% of all ETF trading volume. Here are the 10 most actively traded long-only ETFs trading right now. SDPR S&P 500 (SPY). SPY is one of the go-to ETFs for exposure to the broader market. No wonder: the S&P 500 is the index that is most watched by professional traders because the large-cap index is considered one of the broadest measures of the state of the U.S. economy. [Indexes ETF Investors Should Know.]Tom Lydon (ETF Trends) submits:
Complete Story »
Playing the Big Mac Index With Currency ETFs
The Economist is out with an update to its famous Big Mac index. For those of you unfamiliar with the index, it is based on PPP (purchasing-power parity), suggesting that foreign exchange rates should equalize the price of a basket of goods across different countries. The Economist tracks the price of a Big Mac in various countries against its price in dollars, suggesting an over- or under-valued relationship with the dollar.
Tom Schumacher submits:
Source: The Economist
Complete Story »
3 ETFs for Playing a Cheap Yen
The Japanese yen has long been famed for its cheapness, making it the key ingredient in any carry trade recipe. While the yen is still weak, the currency and its exchange traded fund might have some resilience in its back pocket. Then yen took some lumps over the last 15 years. Japan has a huge trade surplus and its citizens would rather save than spend. One top of that, exports from the country boomed and the carry trade took off and sent the yen down another 45% between 1995 and 2007, reports Stephen Gallo for The Financial Times. [How to Play the Carry Trade With ETFs.]Tom Lydon (ETF Trends) submits:
Complete Story »
Playing the Irish Economy With ETFs
Happy St. Patrick’s Day! Here’s hoping that the luck o’ the Irish blesses your exchange traded fund portfolio today and that you stumble upon a pot of gold by the day’s end. Barring that, there are ways to play the Irish economy. While you’re unlikely to find a pot of gold, the St. Patrick’s Day celebration is still going to happen. The party has been going on in Ireland all week, and they surely need a reprieve from their troubles. Charlie Price for Seeking Alpha reports that Ireland has been among the nations hardest hit by the global recession. Unemployment is way up, while retail sales have gone off a cliff. [Ireland's CEF Has Gotten Beat Down by the Recession.]Tom Lydon (ETF Trends) submits:
Complete Story »
3 Reasons to Like Healthcare ETFs Despite Reform Uncertainty
Over the last month, the single worst performing S&P Sector ETF was the SPDR Select Health Care (XLV). It picked up a mere 3% whereas the S&P 500 (SPY) picked up 7%. The reasons may be two-fold: (1) Health care is a defensive segment, and typically produces both smaller declines in corrective phases as well as smaller surges in recoveries, and (2) Health care legislative reform uncertainty has everyone tied in knots. It’s this latter reason that pundits differ on what will happen next.
Gary Gordon submits:
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Thai ETF Makes Gains Despite ‘Red Shirt’ Protests
Ongoing protests in the capital of Thailand have left many investors wondering if the country will grind to a halt due to political turbulence caused by the Red Shirt movement. The Red Shirters are protesting what they believe is an illegitimate Abhisit government, which came to power via a December 2008 parliamentary vote after a controversial court ruling ousted former Thai leader Thaksin’s allies. Another court decision last month confiscated close to two billion dollars from the former leader, enraging his followers who are largely from the poor rural north and fervently support the populist policies he introduced before being ousted in a 2006 coup. This movement has literally spilled onto the streets of Bangkok; over 100,000 protesters filled plastic bottles with blood and smearing it on properties throughout the capital, demanding new elections to replace the current government.
ETF Database submits: 
Despite the protests, which have been primarily non-violent, Thai equity markets have proved resilient in recent sessions, as many investors apparently believe that Abhisit and his government will survive the current crisis. This optimism has translated into big gains for the iShares MSCI Thailand Index Fund (THD), which posted a gain of 3.5% yesterday and nearly 1.5% today. Abating fears over the impact of the protests, as well as a continuation of record low interest rates in the U.S. have combined to push up demand for Thai securities. “Investors have been buying the baht and stocks as nothing serious has happened,” said Tetsuo Yoshikoshi, a senior economist at Sumitomo Mitsui Banking Corp. in Singapore. “Asian currencies and stocks advanced on the U.S. interest rate story and Thailand is not an exception.”
Complete Story »
Crude Oil ETFs Surge Following OPEC Decision
The Organization of Petroleum Exporting Countries (OPEC) has seen its influence over the global energy market wane in recent years, as a prolonged economic downturn caused demand for oil to plummet, limiting the effectiveness of the group’s once eagerly-anticipated supply decisions. But with a seemingly stable recovery underway and many emerging markets demonstrating an insatiable thirst for raw materials and energy, OPEC once again finds itself in a position of power. The bloc of oil rich nations didn’t hesitate to flex its muscles on Wednesday, showing that its decisions are still capable of impacting oil markets. Despite calls from several members (including Africa’s two largest producers) to raise production ceilings, OPEC announced on Wednesday that it would hold its production quota steady. The decision means that oil supplies will remain relatively constant while demand is expected to strengthen as the global economy continues to emerge from the most recent recession. OPEC’s quotas have never been a true cap on production, as several members regularly exceed the stated thresholds. Still, the decision to leave the existing quota in place indicates that OPEC is intent on raising supplies methodically, and interested in sustaining a certain price level.
Michael Johnston submits:
Complete Story »
ETFs News and Commentary from Seeking Alpha
'ETF' Tag RSS Syndication from SeekingAlpha.com
Barclay CTA Index gains 0.19 per cent in February
Managed futures gained 0.19 per cent in February, according to the Barclay CTA Index compiled by BarclayHedge.
Direct Access Partners forms marketing unit
Prime broker Direct Access Partners has formed a marketing practice.
Survey shows strong recovery in European repo market
The European Repo Council of the International Capital Market Association has released a survey which sets the baseline figure for the European repo market size at EUR5,582bn, representing an increase of 14.7 per cent on the figure of EUR4,868bn for the previous survey in June 2009.
EFX Prime Services appoints hedge fund team
EFX Prime Services, a division of First New York Securities, has appointed its hedge fund client service team.
Multi-prime model transcends hedge fund size, says Pershing
Driven by the need to diversify in order to mitigate their counterparty risk and increase transparency, an ever-growing number of hedge funds of all sizes are leveraging multi-prime relationships to adapt and seek new ways to grow their businesses.
Eurex Clearing introduces real-time risk management for all customers
Eurex Clearing has launched a real-time risk data distribution service called Enhanced Risk Solution.
Broadcort expands clearing and execution business
Broadcort, a clearing division of Bank of America Merrill Lynch, has expanded its clearing and execution business for institutional broker-dealers by attracting more than a dozen new clients in the second half of 2009, and six additional new clients already in 2010.
Hedge funds start the year with modest performance
Hedge Funds posted a modest return of 0.17 per cent for January, below December’s monthly return of 0.88 per cent, according to the Credit Suisse/Tremont Broad Hedge Fund Index.
Twin appoints Kevin Gahwyler director of business development
Twin Capital Management has appointed Kevin S. Gahwyler as director of business development.
NorthPoint launches multi-asset order management solution
NorthPoint Solutions, a business and technology consulting firm serving the alternative investments space, has launched a multi-asset order management solution.
Hedgeweek
Thoughts on Actively Managed ETFs
I have written in the past that actively managed ETFs may be the game changer in the battle between mutual funds and ETFs.  When I have written such posts, I had equity ETFs in mind as opposed to bond ETFs. But it seems that these actively managed bond ETFs are picking up steam. Why? There are several challenges that actively managed equity ETFs face that go beyond this post (e.g., holdings disclosure, track records), but more and more fund companies are launching actively managed bond ETFs. Eaton Vance is the latest to join this space --  joining Pimco, Blackrock , Grail, and others. In the past, perhaps, more of the new bond funds would have been created under a "closed-end fund" structure as opposed to an ETF structure? This question cannot be answered, but we can make assumptions. It makes sense that the advantages of an ETF (e.g., features that allow new share creation that may reduce the impact of "discounts to NAV") may outweigh the advantage of a closed-end structure -- particularly with respect to bond funds. Read More About ETFs vs. Mutual Funds ETFs vs. Mutual Funds: An Active vs. Passive Debate Thoughts on Actively Managed ETFs originally appeared on About.com Mutual Funds on Sunday, March 14th, 2010 at 15:41:09.
Sell Mutual Funds and Buy ETFs
"Should I sell my mutual funds and buy ETFs?" I have had this question posed to me on multiple occasions. Unfortunately, the answer is not simple and clear cut. The question of selling mutual funds in order to buy ETFs has been a fairly common question, but, in most cases, the question is asked for the wrong reasons. The question may be asked for the following (wrong) reasons: "I heard that ETFs outperform mutual funds." "I heard that ETFs are cheaper that mutual funds."  "ETFs are more liquid than mutual funds. I can sell them and avoid a market crash." I have tackled the above issues in previous blog posts and articles. I believe the overriding reason for these continued questions and comments is due to the grinding of axes. In other words, the $1 trillion dollar ETF industry has much to gain from the $10 trillion mutual fund industry. To quantify, they have $10 trillion to gain. If you want to learn more about mutual funds vs. ETFs read: Do You Understand the ETFs vs. Mutual Funds Debate? 5 Disadvantages of Mutual Funds Sell Mutual Funds and Buy ETFs originally appeared on About.com Mutual Funds on Sunday, March 7th, 2010 at 11:27:45.
Morningstar Weighs In at About.com
Why do you have to pay those 12b-1 fees? Some folks think these fees are no good, hidden fees that are unnecessary. Others will argue that they deserve to make a living, so keep 'em coming (think: the person who sold you the fund). The truthful answer is probably somewhere in the middle. There's been so much press on these so-called hidden fund fees lately that I posed a few questions to Morningstar. I asked Russel Kinnel, director of fund research at Morningstar, to weigh in on the argument. Lee McGowan, Guide to Mutual Funds at About.com: "12b-1 fees have been a hot topic on blogs, in the media and in the courtroom. Will the recent court cases coupled with the SEC's 'rethinking' of 12b-1 fees lead to lower fees?" Russel Kinnel of Morningstar: "It's possible, but very hard to predict. There are some parts of the fund sales chain that prevent true competition on costs. Will the court or SEC unleash competitive forces? Probably not enough to have a big impact." Lee: "Individual investors may not understand the need for these fees. Many investors simply don't see the value of this ongoing fee that many feel is a hidden fee. They see the 12b-1 fee as a simple reduction of their net returns." Russel Kinnel: "The SEC is taking a long look at them. They are messy for a couple of reasons. First, the stated reason for collecting them is often different from the real reason. Second, there are no breakpoints in it based upon volume. That said, there are legitimate account services being provided in exchange for 12b-1s, so simply killing them off isn't the answer, tempting though it may be." More from the interview with Russel Kinnel of Morningstar Morningstar Weighs In at About.com originally appeared on About.com Mutual Funds on Thursday, February 25th, 2010 at 21:31:37.
More on "Hidden Fund Fees"
My previous blog post attracted some attention - both positive and...constructive. I will add a few points to my previous post. The important point is that we all may benefit from reading research, such as the Lipper study that is mentioned, but be cautious of how the research is used for another's benefit. The more than $10 trillion mutual fund industry is a target for those looking to gather assets. Suggested Reading Mutual Fund Class B Shares: Good Buy or Goodbye? 3 Pitfalls of Mutual Funds and How You Can Avoid These Pitfalls Hope You Like Paying 12b-1 Fees More on "Hidden Fund Fees" originally appeared on About.com Mutual Funds on Sunday, February 21st, 2010 at 13:09:11.
The Fund Fee Debate Goes On
The Wall Street Journal ran an article a couple of days ago regarding mutual fund fees. The WSJ outlines the topic quite well. I recommend reading the Mutual Fund Fee Debate Heats Up. The article discusses the debate of total fund fees. Many industry observers, advisors and individuals believe that mutual funds carry unnecessarily high hidden fees. Investors deserve to understand fund fees, and they should try to get their arms around these so-called hidden fees, but they deserve to understand the truth about fund fees with no embellishment from folks who have an ax to grind. Let's take a closer look at the total fees of mutual funds as discussed in this debate. On one side of the debate is KaChing. The assertion by KaChing that actively managed mutual funds cost 3.37% per year is simply not useful. Why? Well, for starters, if you have money to invest, you will not invest across all actively managed funds (there are more than 8,000 mutual funds including index funds). Instead, investors will screen for mutual funds based on several factors including expenses. Hopefully you get my point that averages do not matter. Would you base your decision on buying a car on the average cost of available cars in the universe? No, you might ignore the cost of a Bugatti Veyron (you can pick one up for $1.7 million), among others. There are many, many inexpensive mutual funds that one can buy. Investors should not be swayed from mutual funds due to this so-called average fee. Also, if you own mutual funds within a tax-deferred retirement account (e.g., 401k, IRA), then you can ignore the 3.37% total fee. The study quotes that .94% of the 3.37% is a result of "embedded tax liabilities." Retirement plan investors can ignore this .94%. They are not affected by these embedded tax liabilities. There are several other problems with assuming such a high cost of these embedded tax liabilities. Tax-loss harvesting, the addition to your tax cost of cap gain distributions, planning for cap gain distributions, and investing in tax-efficient funds are a few reasons we should dismiss this assertion. Several other numbers stand out. The marketing fee (12b-1 fee), front-end loads and back-end loads total 1.07%. An informed investor can easily avoid these sales-type charges. So, with these expenses taken out of the equation, and excluding the embedded tax liabilities, average mutual fund fees stand at 1.36%. The 1.36% might be a number that is closer to a starting point, but, then again, the economies of scale are not taken into consideration (as pointed out by ICI in the WSJ article). Tell me what you think about the WSJ article and fund fees. You can email me or leave a comment below. The assertions made by various product pushers (and industry groups in favor or not in favor of mutual funds) deserves more attention and more critique. Articles of Interest The Fund Fee Debate Goes On originally appeared on About.com Mutual Funds on Sunday, February 14th, 2010 at 16:37:42.
Will Vanguard Introduce a Hedge Fund?
Morningstar has reported that Vanguard has filed "...an exemptive relief application with the SEC seeking the OK to launch an absolute return fund..." I won't rehash Morningstar's article for you, but it's worth a read if you are a Vanguard investor -- or so-called "Bogle Head."  I have a mixed reaction to the possibility of the new fund (which would use traditional securities such as stocks and bonds, but which could also venture into futures contracts, currencies and other derivatives and non-traditional mutual fund strategies). My initial reaction (particularly due to Morningstar's headline mentioning "Vanguard" and "hedge fund" in the same sentence) was that Vanguard filed for the fund as pressure to introduce sexier products to its mix of passively and actively managed funds (I tend to like the ho-hum, conservative fund strategies). Maybe they were chasing hot dollars that might migrate from the traditional relative return products to absolute return products; maybe Vanguard was attempting to broaden their investor base to more aggressive investors. After putting Morningstar's article aside, I decided to read Vanguard's exemptive relief application. Here comes the mixed reaction (the application didn't necessarily offer new information that Morningstar didn't report, but going straight to the source is always helpful). It appears Vanguard is brainstorming on how to build (and improve upon existing products) a more "endowment-like" strategy that may solve the income needs of retirees -- which is not only a huge market opportunity for fund companies, but a much needed product for investors.  In other words, Vanguard is looking to add an additional strategy to their already existing Managed Payout Funds (look for more coverage on this product in a future article and blog post). This hedge fund we are mentioning would be owned across the three Managed Payout Funds (up to 20% of the Managed Payout Funds) as well as to private, high net worth investors. Moving back to the Morningstar article, they quote Vanguard CEO Bill McNabb as saying, "We have been doing a ton of work to see whether it's something we can deliver in a consistent manner, and the jury is very much out at this point. It's not something we're going to do until we feel really great about it." So, after spilling my initial reactions, I would sum it up as a plus that Vanguard is attempting to improve upon their line-up of products, meet investor needs and take it slow (referring to Bill McNabb's comments).  Related Blog Post: Be Cautious of Absolute-Return Funds Will Vanguard Introduce a Hedge Fund? originally appeared on About.com Mutual Funds on Sunday, February 7th, 2010 at 12:04:31.
Guns and Gambling and Beers. Oh, My.
Last month, I highlighted a fund that made me go, "Huh?" This month, I highlight a fund that makes me go, "Oh, my." Before you read on, if you are a socially responsible investor, I will kindly direct you to About.com's Socially Responsible Investing site. As for the rest of us, if you want to invest in your vices, or, uh umm, invest in other people's vices, there's a fund for you. As the name suggests, the Vice Fund (VICEX) invests in sin stocks.  Directly from the summary prospectus, the Vice Fund will invest "...a significant portion of their revenues from alcoholic beverages, tobacco, gaming, and defense/aerospace. "  The majority of the fund's holdings will naturally end up in the consumer goods sector, but narrowly focused at that. Why would any fund company create a fund such as the Vice Fund? Is it as odd, or interesting, as it may seem? Not really. It's not a novel idea.  It has been a long-held belief that sin stocks are recession proof. Why? Well, the thematic investors (investors looking to invest under a particular theme) will say that when the economy goes through a rough patch, people will turn to their vices -- creating a good investment opportunity for those who want to profit. A combination of the sector concentration and the focus on sin stocks made me say, "Guns and gambling and beers. Oh, my." And since the line that came to my head was taken from The Wizard of Oz, let's take another line from the movie. The Scarecrow said, "Come along Dorothy. You don't want any of those apples." Guns and Gambling and Beers. Oh, My. originally appeared on About.com Mutual Funds on Wednesday, January 20th, 2010 at 06:00:25.
How to Save 42,000 Trees
I have been told by many investors that the mutual fund prospectus is a colossal waste of trees. Others think that the prospectus is a waste of mailbox space, has a massive amount of difficult to understand information, and is, simply, something that is immediately tossed in the circular file. Now, as of January 1, 2010, we will have relief of these unnecessarily long, complex statutory prospectuses. Mutual funds will now give investors a printed, short-form summary prospectus, written in plain English, along with the traditional full-length prospectus, available online. So, rather than receiving three full-length prospectuses for that Vanguard 500 fund that you own in three different accounts, you will have the option of receiving email notifications that the prospectus is available online. Aite Group has estimated that these new rules may save 42,000 trees, and more that $65 million in printing and postage. Â The summary prospectus will satisfy the confused readers of the traditional prospectuses, the penny pinchers, and the environmentally aware. Read More: A Prospectus: The Owner's Manual to Your Mutual Fund How to Save 42,000 Trees originally appeared on About.com Mutual Funds on Monday, January 18th, 2010 at 11:54:03.
The Top Post of 2009
In a previous blog post, I asked what you thought was the most popular blog post of 2009.  As you can see below, posts with Vanguard in the title got the top two spots. The biggest surprise to me was the post that generated the fifth most interest on the blog.  Maybe I can creatively link the last movie I watched to mutual fund investing? Then again, it may be more difficult to find the same inspiration from Alvin and the Chipmunks: The Squeakquel. 1. Vanguard Raises the Yellow Flag 2. Vanguard's New Funds -- Not for You 3. Game On: Mutual Funds vs. ETFs 5. The Curious Case of Benjamin Button The Top Post of 2009 originally appeared on About.com Mutual Funds on Friday, January 8th, 2010 at 19:21:42.
Contango Anyone?
Contango might sound like the next bop on Dancing with the Stars, but it's more closely related to mutual funds and investing than it is to song and dance. As I have studied the CFA curriculum over the past several years, there were more than a few concepts that were less than interesting to me -- and a plethora of concepts that I thought were not pertinent to my day job. I have to admit that understanding more about contango and related concepts and calculations than I already knew, was simply something that I thought I could do without.  But over the past year, fund managers (both mutual funds and ETFs) have been discussing a subtle risk for their funds. This risk is known as contango. This week you might want to get your arms around the definition of contango (the boiled down version vs. the in-depth version) and over the next few weeks I will highlight why the concept should be of interest to mutual fund investors -- particularly investors who appreciate diversification. Contango Anyone? originally appeared on About.com Mutual Funds on Sunday, January 3rd, 2010 at 20:23:08.
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Mutual Funds
FundWatch: Money-market fund assets hit new lows
Total assets in money-market funds have fallen below $3 trillion for the first time since late 2007, as higher federal funds rates coaxed investors back into the broader market.
Mutual Understanding: Money-market fundholders could see fee hikes
With interest rates at historic lows, the money-market mutual fund industry has lost hundreds of millions of dollars in waived fees. But some of these funds are likely to want that money back.
FundWatch: Global fund managers prefer U.S., Japan stocks
Fund managers around the globe prefer to take their chances with corporate risk in the U.S. and Japan, rather than chance sovereign risk with Europe, according to a BofA Merrill Lynch survey.
Chuck Jaffe: View of funds depends on where you stand
Fund critics can use the last decade to say that fund investing doesn't work, and fund supporters can use the last two decades to show the opposite. Both sides have valid points, and your view depends mostly on when you started or peaked.
ETF Investing: Muni-bond ETFs are risky, but in demand
Investors starved for yield continue to stuff cash into exchange-traded funds that target municipal bonds, even as the prospect of higher interest rates and credit downgrades loom over the sector.
Mutual Funds Weekly: Lessons from two stock-market milestones
It's been a year since the stock market started to rebound, and 10 years since the Internet bubble burst. Investors can learn good lessons from both milestones.
FundWatch: Mutual fund investors still wary of stocks
New money coming to stock mutual funds has been negligible even as returns have been among the best on record. An influx into stocks in the coming months would suggest investors once again have waited too long.
Mutual Understanding: Former Internet-fund stars 10 years after the bust
They were masters of a parallel universe, the soul-mates of a new technology. Then the real world intruded on mutual fund managers who'd been Poseidons astride the Internet-stock wave.
John Prestbo's Indexed Investor: Bull's first year holds lessons for investors
What a difference a year makes. I last wrote those words on Oct. 8, 2008, one year after the U.S. stock market peaked. This time, the occasion is happier.
Chuck Jaffe: Don't be fooled by funds' shiny short-term gains
You may not be celebrating the one-year anniversary of the stock market bottom this Tuesday, but mutual fund executives are, because their worst 12-month period in recent history is closer to becoming a bad memory.
MarketWatch.com - Mutual Funds
MarketWatch, a leading publisher of business and financial news, offers users up-to-the minute news, investment tools, and subscription products.
The wrong way to pick funds
Photographer friends tell me that if you're picking out a point-and-shoot camera you shouldn't focus much on the megapixels. That measure of a camera's resolution is hyped by manufacturers, but most cameras on the market give you all the pixels you'll need.
Mr. Distress is ready to buy
Whether it's steel, textiles, or auto manufacturing, Wilbur Ross has built a lucrative career finding gold in industries left for dead.
Why diversification will work again
Diversification, the notion of spreading your investments among different baskets of assets that don't rise and fall in unison, has long been considered one of the safest and surest moves you can make with your portfolio. After all, if any one basket falls apart, most of your brood should remain intact.
Can Vanguard Wellington keep running?
Vanguard Wellington is a throwback. Before mutual funds became specialized, so-called balanced funds like this -- which invests in both stocks and bonds -- were core holdings you could feel comfortable putting most of your money into.
3 ways to find value in a pricey market
A year ago, when all sorts of investments -- stocks, bonds, commodities -- were being tossed on the scrap heap, dyed-in-the-wool bargain hunters who had the courage to sift through the market's ruins were richly rewarded.
Digging for opportunities in gold
Having lived through bubbles in technology stocks and real estate, many investors have grown nervous lately about gold. Its price quadrupled in the past decade to a record $1,227 an ounce in December, before falling back near $1,100. Hedge fund legend George Soros, for example, recently warned that "the ultimate asset bubble is gold." Others, by contrast, cling to it as the ultimate safe haven in a period of wrenching economic uncertainty.
A banner year for hedge funds
It looks like risk is back. The hedge fund industry had a phenomenal 2009, with a return of 18.6%, for its greatest rebound in 15 years, says a report from industry research firm Credit Suisse Tremont.
The $61 billion man
In an era of specialization, world allocation funds take on a challenge that verges on hubris: All it requires is deep expertise in stocks, bonds, and other securities in virtually every market on the face of the earth.
Do we have the right investment mix?
Richard and Cheryl Ebers began their married life together just nine years ago. She was divorced and raising two sons (now adults); he was a widower with a young boy of his own (Eric, now 13 ).
Can you outsmart the market?
As you try to figure out how to put your money to work in a market that veers from depression to mania, you're confronted with two opposing facts that lead to opposing investing strategies.
Can I retire early?
Kevin ford has worked as an engineer in the Detroit auto industry for more than three decades - currently for the car company that best suits his name. His wife, Janice, is also a veteran of the field, a fellow engineer who even ran her own dealership for a few years before leaving the industry in 2005 to do part-time business development consulting. Kevin hoped to follow her into retirement at age 55, and two years ago that seemed doable. The family had nearly $1 million saved, plus a hefty pension; they had no debt besides a $300,000 mortgage; their son, Darrell, was out of college and daughter, Kimberly, would be done in 2011.
Top picks from top pros
Money tapped the brainpower of the lead managers of six top-performing mutual funds in every major category. Here's what they're buying.
Is our big debt doing us in?
Marc and Sharon LeRoux always dreamed of opening a business together. They took the plunge in 2006, tapping home equity to buy a franchise selling pre-made meals to busy families. Alas, the business failed, and last year the couple closed it down.
Money 70: Best funds through thick and thin
For the Money 70, 2009 was a year of vindication. After the vast majority of the funds on our recommended list suffered steep losses in 2008's credit crisis, almost all rebounded strongly last year -- with many posting double-digit gains. But short-term returns aren't the point. It's far more important for you to focus on long-term results.
The wide world of index funds
Select from our sampling of the largest passive portfolios that track either U.S., foreign, or specialty markets.
Catch a high-flying fund - up 56%
When the herd of investors heads in one direction, count on Don Yacktman to steer his fund the other way.
3 reasons not to ditch Dodge & Cox International
Last fall Dodge & Cox International made big bets in the emerging markets and in economically sensitive stocks it considered undervalued, such as financials. By the end of 2008 the portfolio had sunk 47%, making it one of the worst-performing foreign large-value funds last year.
Why you should buy health care stocks now
With health care stocks cheap compared to the rest of the market, Tom Forester thinks that a bad-case scenario health care bill is already priced into the sector.
How to be an emotionless investor
It's one of the truths of mutual fund investing: You buy the manager as much as the prospectus. So it pays to have someone you trust.
Living on Chinese stocks
Third Ave. Value Fund: (TAVFX) Manager: Marty Whitman Return since 12/01/08: 56%
Mutual fund advice and news - CNNMoney.com
From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
FundWatch: Money-market fund assets hit new lows
Total assets in money-market funds have fallen below $3 trillion for the first time since late 2007, as higher federal funds rates coaxed investors back into the broader market.
Mutual Understanding: Money-market fundholders could see fee hikes
With interest rates at historic lows, the money-market mutual fund industry has lost hundreds of millions of dollars in waived fees. But some of these funds are likely to want that money back.
FundWatch: Global fund managers prefer U.S., Japan stocks
Fund managers around the globe prefer to take their chances with corporate risk in the U.S. and Japan, rather than chance sovereign risk with Europe, according to a BofA Merrill Lynch survey.
Chuck Jaffe: View of funds depends on where you stand
Fund critics can use the last decade to say that fund investing doesn't work, and fund supporters can use the last two decades to show the opposite. Both sides have valid points, and your view depends mostly on when you started or peaked.
ETF Investing: Muni-bond ETFs are risky, but in demand
Investors starved for yield continue to stuff cash into exchange-traded funds that target municipal bonds, even as the prospect of higher interest rates and credit downgrades loom over the sector.
Mutual Funds Weekly: Lessons from two stock-market milestones
It's been a year since the stock market started to rebound, and 10 years since the Internet bubble burst. Investors can learn good lessons from both milestones.
FundWatch: Mutual fund investors still wary of stocks
New money coming to stock mutual funds has been negligible even as returns have been among the best on record. An influx into stocks in the coming months would suggest investors once again have waited too long.
Mutual Understanding: Former Internet-fund stars 10 years after the bust
They were masters of a parallel universe, the soul-mates of a new technology. Then the real world intruded on mutual fund managers who'd been Poseidons astride the Internet-stock wave.
John Prestbo's Indexed Investor: Bull's first year holds lessons for investors
What a difference a year makes. I last wrote those words on Oct. 8, 2008, one year after the U.S. stock market peaked. This time, the occasion is happier.
Chuck Jaffe: Don't be fooled by funds' shiny short-term gains
You may not be celebrating the one-year anniversary of the stock market bottom this Tuesday, but mutual fund executives are, because their worst 12-month period in recent history is closer to becoming a bad memory.
MarketWatch.com - Mutual Funds
MarketWatch, a leading publisher of business and financial news, offers users up-to-the minute news, investment tools, and subscription products.
New Credit Suisse/Tremont Commentary Offers Insight Into February Hedge Fund Performance
NEW YORK, March 18 /PRNewswire-FirstCall/ -- The Credit Suisse/Tremont Hedge Fund Index Gained 0.68% in February as Hedge Funds Navigated Divergent Global Markets.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091204/CSLOGO)
A new monthly commentary offers insight into February hedge fund performance
Cambridge Retirement System Selects Alger for Large Cap Growth Mandate
NEW YORK, March 18 /PRNewswire/ -- Fred Alger Management, Inc. has announced today that the Cambridge Retirement System has awarded Alger a $45 million Large Cap Growth mandate. The portfolio will be managed by Patrick Kelly, CFA, Executive Vice President and Portfolio Manager, along with the
Cohen & Steers Closed-End Funds Declare March 2010 Quarterly Distributions
NEW YORK, March 17 /PRNewswire-FirstCall/ -- The board of directors of each of the following Cohen & Steers closed-end funds has declared a quarterly distribution payable on March 31, 2010 to shareholders of record as of March 24, 2010. The ex-dividend date is March 22, 2010. Details for each fu
S&T Bank and S&T Financial Services Recognized by Investment Professionals Inc. at 2010 National Sales Conference
INDIANA, Pa., March 17 /PRNewswire-FirstCall/ -- S&T Bancorp, Inc. (Nasdaq: STBA), a full-service financial institution with office locations in 10 Pennsylvania counties, is pleased to announce that the bank's investment team recently received a host of awards from Investment Professionals Inc.
The China Fund, Inc. Reports First Quarter Results
NEW YORK, March 17 /PRNewswire-FirstCall/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for the first quarter ended January 31, 2010. The Fund is a closed-end management investment company seeking long-term capital appreciation primarily through investments in equit
RidgeWorth Highlights Value of Short-Term Bonds in White Paper
ATLANTA, March 17 /PRNewswire/ -- RidgeWorth Investments announced today that it has published a white paper highlighting that for more than 30 years short-term bonds have offered a much better risk-adjusted return than long-term bonds. "Many bond investors are aware that moving from short bon
1st Global Engages Dr. Harry M. Markowitz as Consultant and Advisor
DALLAS, March 17 /PRNewswire/ -- 1st Global, the wealth management and business development partner to leading CPA, tax and estate planning firms, announces that Dr. Harry M. Markowitz, Ph.D., recipient of the 1990 Nobel Memorial Prize in Economic Sciences for his dissertation on Modern Portfolio Th
ING Infrastructure, Industrials and Materials Fund -- Underwriters Exercise Purchase of Additional 1,300,000 Shares of the Fund; Total Raise-up Increases to $396 Million
SCOTTSDALE, Ariz., March 16 /PRNewswire-FirstCall/ -- ING Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the Fund) announced today that Citigroup Global Markets Inc., as a representative for the Fund's underwriters, has notified the Fund that it is exercising its right to purchase an ad
AGNC Declares $1.40 First Quarter Dividend
BETHESDA, Md., March 16 /PRNewswire-FirstCall/ -- American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared a cash dividend of $1.40 per share for the first quarter 2010. The dividend is payable on April 28, 2010 to common s
ITG Takes Asian Trading to Next Level With Launch of New Type of Dark Pool - POSIT Marketplace(TM)
NEW YORK, March 16 /PRNewswire/ -- Investment Technology Group (ITG), a leading independent broker and financial technology firm, today launched POSIT Marketplace, a new type of dark pool for Asia. The first of its kind, POSIT Marketplace will combine institutional liquidity from POSIT®,
Vantagepoint Milestone Funds(1) Change Investment Strategy
WASHINGTON, March 16 /PRNewswire/ -- Vantagepoint Investment Advisers, LLC (VIA) has announced investment strategy changes to the Vantagepoint Milestone Funds. All Vantagepoint Funds invested through ICMA-RC 401 or 457 plans are held through VantageTrust.
The Milestone Funds are target-date funds th
Fortigent Continues to Focus on Growth
ROCKVILLE, Md., March 16 /PRNewswire/ -- Fortigent, LLC, a leading provider of outsourced wealth management solutions for financial advisors and institutions targeting high net worth clients, announced today that it is reinforcing its commitment to growth with the hiring of 15-year sales veteran Cha
Eaton Vance Closed-End Enhanced Equity Income Funds Declare Monthly Distributions
BOSTON, March 15 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of two of its closed-end equity funds (the "Funds"). The record date for the distributions is March 24, 2010, and the payabl
Innovest Systems Platform Utilized to Administer $1.2 Billion in Common Trust and Pooled Investment Funds
NEW YORK, March 16 /PRNewswire/ -- Innovest Systems, LLC, a financial technology firm specializing in trust accounting and wealth management solutions, announced that its clients are now processing valuations for over 370 common trust funds and pooled income funds with a $1.2 billion market value ut
March Update: CSLS Exchange Traded Note Linked to the Credit Suisse Long/Short Liquid Index (Net)
NEW YORK, March 16 /PRNewswire-FirstCall/ -- The Credit Suisse Long/Short Liquid Index (Net) ETN (NYSE Arca: CSLS) is designed to correlate to the historical performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index by tracking the performance of non-hedge fund, transparent market
RiverNorth Capital Launches Closed-End Fund Index
CHICAGO, March 16 /PRNewswire/ -- RiverNorth Capital, a leading investment management firm specializing in closed-end funds, announced today the launch of the RiverNorth Closed-End Fund Index ("RiverNorth CEF Index"). The index is designed to track the performance and average discount of taxab
Eaton Vance Closed-End Equity Funds Declare Monthly Distributions
BOSTON, March 15 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of three of its closed-end equity funds (the "Funds"). The record date for the distributions is March 24, 2010, and the payable da
Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions
BOSTON, March 15 /PRNewswire-FirstCall/ -- Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of two of its closed-end bank loan funds (the "Funds"). As portfolio and market conditions change, the rate of future distribution
Eaton Vance Short Duration Diversified Income Fund Declares Monthly Distribution
BOSTON, March 15 /PRNewswire-FirstCall/ -- Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG), a closed-end management investment company, today declared a monthly distribution of $0.09 per common share. As portfolio and market conditions change, the rate of future distributions may chan
Eaton Vance Tax-Advantaged Dividend Income Fund Annual Meeting of Shareholders
BOSTON, March 15 /PRNewswire-FirstCall/ -- At a meeting held on March 15, 2010, the Board of Trustees of Eaton Vance Tax-Advantaged Dividend Income Fund (the "Fund") (NYSE: EVT), a closed-end investment company, voted to hold the Annual Meeting of Shareholders of the Fund on Friday, June 25, 2010 at
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