Amid the financial accounting frauds and Wall Street's investment banking-analyst scandal, mutual funds
stood out as an industry that played by the rules.
with high turnover rates are less efficient than those with low turnover rates; the disposal of securities causes the fund
to recognize gain on appreciation.
Perkins, who has placed most of his 401(k) savings into Vanguard funds
, is "still fairly comfortable" with mutual funds
because be hasn't lost money as a result of the current scandals.
are perhaps the single most important ingredient in the quiet revolution of the U.
The enormous impact Frances Clark and Louise Goss of New Jersey have made on modern piano teaching is recognized through this endowment, which funds
Teacher Enrichment Grants.
In addition, many of the hedge funds
most commonly employed by institutional investors were dubbed "market-neutral," purporting to out-perform traditional conservative U.
Socially responsible mutual funds
are a relatively recent phenomenon, but now there are a number of options for people who wish to invest according to their values.
In the five years ending November 1998, only 14 diversified equity funds
have beaten the S&P 500's annual return of 23 percent, the rating agency said.
The diversification of stocks in the funds
would reduce risks (though of course the risks are scarcely eliminated), and the small army of stock researchers at the fund
companies would help the fund
managers make money with our assets.
The Federal Reserve does not regulate hedge funds
and does not have comprehensive information on their size or activities.
The Board of Trustees have approved in principle plans to merge five tax-exempt closed-end Funds
as follows: Putnam Investment Grade Municipal Trust (NYSE: PGM) and Putnam Municipal Bond Fund
(NYSE: PMG) would be merged into Putnam Municipal Opportunities Trust (NYSE: PMO), and Putnam High Yield Municipal Trust (NYSE: PYM) would be merged into Putnam Managed Municipal Income Trust (NYSE: PMM).
ARE SUCCESSFUL ONLY IF THEY MAKE money in both up and down markets.