, is a subsidiary of Thomson Reuters, and provides mutual and hedge fund data, analytical tools, and commentary covering over 213,000 share classes and more than 117,000 funds located in over 60 countries.
Investors in the top 10 countries pulled $1.1 trillion from stock mutual funds in the five years after the crisis, or 10 percent of their holdings at the start of that period, according to Lipper Inc.
, which tracks funds.
Nationwide Financial, which is based in Columbus, Ohio, will buy 19 of UnionBanCal's mutual funds, which have USD4bn (EUR3.1bn) in assets, according to research firm Lipper Inc.
Reich & Tang, a unit of France's Natixis Global Asset Management SA, will take over the remaining five funds with USD4.2bn in assets.
Nationwide Financial, which is based in Columbus, Ohio, will buy 19 of UnionBanCala[euro](tm)s mutual funds, which have USD4bn (EUR3.1bn) in assets, according to research firm Lipper Inc.
Reich & Tang, a unit of Francea[euro](tm)s Natixis Global Asset Management SA, will take over the remaining five funds with USD4.2bn in assets.
The average expense ratio of Vanguard's funds is 0.20 per cent, or about one-sixth the 1.19 per cent industry average expense ratio (Lipper Inc.
Growth funds had flows totaling $10.6 billion in the first two months of 2006 compared with $1.3 billion for value funds, according to the issue of Windows, which culled data from Strategic Insight Simfund MF, Lipper Inc.
Multi-cap growth led the growth fund flows with $10.9 billion compared with $1.5 billion for mid-cap growth funds, $718 million for small-cap growth funds and an outflow of $2.5 billion for large-cap growth funds, data in the newsletter states.
At Putnam Investments, for example, mutual fund data firm Lipper Inc.
estimates that assets fell $32 billion, or 12 percent, last November, and another $1.65 billion in December in its non-institutional accounts despite a sharp run-up in the stock markets.
To increase your odds of choosing stocks that will vigorously bounce back after market routs, BLACK ENTERPRISE asked Lipper Inc.
, a global provider of mutual fund information and analysis, to evaluate sectors that performed best after bear markets began (see chart).
The portfolio manager of the $500 million Evergreen Utility and Telecommunications fund (EVUAX) reaped a 7.4% total return in 2000, in line with its peers, according to Lipper Inc.
, a mutual fund rating service.
Funds such as Fidelity Magellan, which don't tilt in either direction, are called "blend" funds by Morningstar, or are denoted "core" funds by Lipper Inc.
, a New York-based firm that also rates mutual funds.