Rethink Mutual Funds, Managed Funds

A U.S. District Court in Philadelphia approved a class-action settlement Wednesday against New York Life Insurance Co. via Daily India

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T here’s going to be a raft of new exchange-traded funds opening the rest of this year, but chances are that investors should ignore most of the new issues. via Boston Herald

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In the late 1960s, The New York Times declared that we had entered the age of “people’s capitalism.” The paper cited the broad increase in mutual fund and stock ownership. via Dallas Morning News

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Talk of the Town brings you the latest in movie, music and celebrity news. * Lisa Marie Presley lashes out at the media * China blacklists an actress * Jackie Chan gives back * Some prehistoric creatures rock … via Reuters Video

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“Lo and behold, the $330 billion market for auction-rate notes ground to a halt in mid-February . . .”

INVESTORS across the nation are finding themselves in Wall Street’s version of the Hotel California: they have checked into an investment they can never leave. via Free Republic

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Economy Bureau Posted online: Tuesday , March 11, 2008 at 0113 hrs IST New Delhi, Mar 10 Barely two months after appointing fund managers for investing in postal funds, the government has proposed to freeze the … via Express India

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“I am very excited to be partnering with Richard again”

Black Creek Investment Management Inc. today announced that international equity fund manager Richard Jenkins will be joining the firm as a co-owner with investment manager Bill Kanko. via Investment Executive

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“The broker selection process on Fidelity’s equity trading desk was compromised when gifts and lavish entertainment swayed the flow of brokerage business”

The US Securities and Exchange Commission announced that it has charged fund manager Fidelity Investments and 13 current or former employees, including legendary portfolio manager, Peter Lynch, for taking … via Investment Executive

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“It follows the Reuters Continuous Commodity Index, which tracks 17 commodities, like corn, soybeans, cattle, hogs, gold silver, platinum, copper cotton, cocoa, OJ, stuff like that.”

The Toronto stock market has made a pretty substantial recovery since the lows it plumbed Jan. via Slam Sports

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“In addition, and in sharp contrast to January, investors have decided once again to look longer term with roughly 50 percent of estimated February inflows going to long-term funds.”

Canadians bought between C$5.9 billion and C$6.5 billion worth of mutual funds in February, a sharp turnaround from January when they bought a fraction of what they normally do for this time of year, … via Sympatico Finance

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