RiskMetrics Releases Second Quarter Beauty Pageant Fund List
July 7, 2003 (PLANSPONSOR.com) - The RiskMetrics Group is out with its quarterly equity mutual fund beauty pageant, which lists 20 funds as in the best growth fund...
Investing
Europe Private Equity Fundraising Up; US Down
July 7, 2003 (PLANSPONSOR.com) - Private equity fundraising experienced a precipitous drop in the second quarter of 2003, while European markets showed a slight recovery from earlier losses.
Worldwide Fund Assets Steady Through First Quarter
July 7, 2003 (PLANSPONSOR.com) - Mutual fund investments remained relatively resilient worldwide during the first quarter of 2003 with only a slight asset drop to $11.210 trillion from...
June Transfers Favor Equity Investments – But Not Company Stock
July 8, 2003 (PLANSPONSOR.com) - As US equity markets closed out a strong second quarter, participants continued a slow, but steady shift to equity investments, according to the...
Jobless Claims Spike Higher For Week, Month
July 3, 2003 (PLANSPONSOR.com) - June has been a dismal month for job seekers, with weekly jobless data continuing to hover above the 400,000 mark, while monthly unemployment...
Event-Driven Hedge Fund Index Drives June S&P Returns
July 3, 2003 (PLANSPONSOR.com) - The S&P Event-Driven sub-index led the performance of the S&P Hedge Fund Index in June as the overall index gained 0.47% for the...
UITs Still Flying High in May
July 2, 2003 (PLANSPONSOR.com) - Deposits in unit investment trusts (UIT) savored a 22.3% hike in total assets in May to $911.4 million from April's $745.4 million total.
FRC: May Saw $20.4 Billion in Fund Inflow
July 1, 2003 (PLANSPONSOR.com) - Stock and bond mutual funds continued to pick up assets in May, recording net inflows of $20.4 billion for the month.
June Job Cuts Lowest Since November 2002
July 1, 2003 (PLANSPONSOR.com) - Announced job cuts by US employers dropped for the second straight month in June to the lowest level in 31 months.
S&P 500 Returns 14.98% in Second Quarter
July 1, 2003 (PLANSPONSOR.com) - The Standard & Poor's 500 (S&P 500) has just turned in its best performing quarter in the 18 tries, returning 14.98%.
ICI: Funds Clung to Retirement Market Share in 2002
July 1, 2003 (PLANSPONSOR.com) - Despite a bumpy investment market, mutual funds managed to hang on to its 21% share of the US retirement market last year, some...
Equity REITs Edge Out S&P In First Half
July 1, 2003 (PLANSPONSOR.com) - Equity REITs bested the S&P 500 during the first two quarters of 2003 with a 14.4% return, compared to the S&P's 11.8% first-half...
Personal Income Rises 0.3% in May
June 27, 2003 (PLANSPONSOR.com) - Americans' personal income rose by 0.3%, or $27.1 billion, in May.
S&P To Investors: Hot Sector Funds Cool Off Quickly
June 27, 2003 (PLANSPONSOR.com) - The percentage of new bond funds among all mutual funds issued in 2003 rocketed up to 32% from just 15% in 2000, as...
Jobless Claims Keep Dropping – But Not Below 400,000 Mark
June 26, 2003 (PLANSPONSOR.com) - The number of Americans joining the queue for initial unemployment benefits plunged for the second week in a row - but the total...
Mass Layoffs Down A Bit in May
June 26, 2003 (PLANSPONSOR.com) - US employers underwent 1,699 mass layoffs in May 2003 involving 173,784 people, according to new data from the US Department of Labor's Bureau...
Stock Funds Continue to Draw $$ in May
June 26, 2003 (PLANSPONSOR.com) - Domestic equity mutual funds matched a strong performance with a $12.6 billion inflow of funds in May, according to the Investment Company Institute...
Fed Slashes Rates to Four Decade Lows
June 25, 2003 (PLANSPONSOR.com) - Admitting that the US economy "has yet to exhibit sustainable growth," the US Federal Reserve Wednesday slashed the trend-setting federal funds rate by...
Strategic: Equity and Balanced Funds Record $20-Billion Inflow in May
June 19, 2003 (PLANSPONSOR.com) - Inflows to equity and balanced funds exceeded $20 billion in May, the second month in a row of strong stock market demand.
Jobless Claims Fall But Still Show Sluggish Market
June 19, 2003 (PLANSPONSOR.com) - Fewer people are being forced to join the queue for those needing first-time jobless benefits, but the number of initial unemployment claims has...