Tag Archives: funds
U.S.-based stock funds have $7.3 billion outflow – Lipper
By Sam Forgione NEW YORK (Reuters) – Investors pulled $7.3 billion out of U.S.-based stock funds in the latest week, the most since July of last year even as U.S. stock markets recovered from a sharp selloff, data from Thomson Reuters' Lipper Service showed on Thursday. The big outflow was a result of investors pulling $8.4 billion out of stock exchange-traded funds in the week ended April 24, also the most since July of last year. Continue reading
Anti-Euro Party a Wildcard in German Elections
By Frank Jordans BERLIN — It’s a spectacle that Germans are getting tired of: southern European protesters burning their flags and waving placards comparing Chancellor Angela Merkel to Nazi leader Adolf Hitler, all in reaction to Berlin’s insistence on reforms and austerity in return for bailout funds. And it’s enough to make people such as Berlin businessman Horst Freiberg, who never felt much love for the euro currency, pine more than ever for the return of the German mark. … Continue reading
Mutual funds attract record amount of cash in 1Q
The stock market hit a record high during the first quarter, and so did the flow of cash into mutual funds. Stock funds and bond funds attracted a combined $193 billion in the first three months of 2012, … Continue reading
Peru’s Central Bank Raises To 36% Limit on Pension Fund Investments Abroad
The Central Reserve Bank of Peru on Sunday increased the limit on foreign investments made by Peru’s private pension funds, or AFPs, to 36% from 34%. Continue reading
Instant View: S&P 500 ends at new closing high
(Reuters) – The S&P 500 index posted a new closing high on Thursday, surpassing the previous record of 1565.15 set in October 2007, as investors continued a strong run that has seen the index rise nearly 10 percent in the first three months of the year. COMMENTS: BRIAN JACOBSEN, CHIEF PORTFOLIO STRATEGIST, INVESTMENTS GROUP, WELLS FARGO FUNDS MANAGEMENT IN MENOMONEE FALLS, WISCONSIN: “I don’t get too excited about new highs Continue reading
Banks Win Dismissal of Most Rate-Rigging Claims
By Steve Rothwell, AP Markets Writer NEW YORK — A group of banks including Bank of America and JPMorgan Chase have won dismissal of most of the claims in private lawsuits alleging that they rigged a key interest rate. U.S Continue reading
Matrix Tax Deferred Income Fund & Matrix Tax Deferred Income Trust Pool
TORONTO, ONTARIO — (Marketwire) — 03/22/13 — Matrix Funds has received the recent Federal Budget provisions with respect to character conversion transactions. The budget proposes new rules that … Continue reading
Cyprus Bank Limits Cash Withdrawals Amid Crisis
MPs delay a vote on a bank restructuring deal and other measures needed to raise funds to qualify for a 10bn euro bailout. Continue reading
S&P 500 ends down, but off day’s low after Cyprus vote
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 fell for a third day on Tuesday but pared losses late in the day after the parliament of Cyprus rejected a proposed tax on bank deposits. The proposed tax on savings in banks had been a condition of a European bailout. When the Cypriot parliament rejected the tax, the decision eased worries that savers will begin withdrawing funds Continue reading
