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BUSINESS
March 24, 1996 | By Inquirer staff and Neil Downing, Providence Journal-Bulletin
How can I get the addresses of mutual funds? One source is the reference section of your local public library. Ask for mutual fund directories or other mutual fund references, such as the Morningstar or Value Line mutual fund surveys. These publications include lots of details - including addresses - on hundreds of funds, as well as some easy-to-read commentary about how some individual funds have performed. Another source is an annual mutual fund directory published by the Investment Company Institute, the trade group for the mutual fund industry.
BUSINESS
April 30, 1991 | By Glenn Burkins, Inquirer Staff Writer
The economy may be in recession, but people who buy mutual funds apparently aren't worried. Mutual-fund sales have been astounding this year and show no signs of easing. In March, consumers put $15.8 billion in stock, bond and income funds, the Investment Company Institute, a Washington trade group, reported yesterday. That compares with total sales in February of $13.9 billion. March sales a year ago were $13.6 billion. Though sales figures for April are not available yet, early reports from mutual-fund companies show that the frenzy is continuing.
BUSINESS
June 30, 1989 | By Glenn Burkins, Inquirer Staff Writer
For the second straight month, mutual-fund sales, depressed since the 1987 stock market crash, showed strong signs of rebounding last month as individual investors moved back into stock and bond funds. Sales of stock, bond and income funds totaled $9.5 billion in May, up from $9.1 billion in April and $7.1 billion in May 1988, according to the Investment Company Institute, a Washington trade group. The figures, released yesterday, do not include short-term money market funds and short-term municipal-bond funds.
BUSINESS
January 26, 1990 | The Inquirer Staff
The Securities and Exchange Commission yesterday suspended for 10 days trading in the securities of Bolar Pharmaceutical Co. (AMEX), the generic-drug maker under fire on allegations it falsified safety claims. On Tuesday, a congressional subcommittee disclosed a letter from Bolar's attorneys that indicated the Coppague, N.Y., company apparently falsified documents about safety tests for its version of a popular blood-pressure drug. Bolar's anti-hypertension drug is the only generic version of Dyazide on the market.
BUSINESS
September 27, 1996 | By Cynthia Mayer, INQUIRER STAFF WRITER
Investors are cautiously moving back into stocks after a wild, unpredictable summer, judging by a study of mutual funds released yesterday. According to a monthly survey by the Investment Company Institute, investors put a fresh $17.93 billion into stock mutual funds in August - more than three times their contributions in July - bringing to $1.53 trillion the total assets in stock funds. July was the most volatile month of the year in stock prices, and some investors probably were frightened away, ICI economist John Rea suggested.
BUSINESS
February 10, 1987 | By MARC MELTZER, Daily News Staff Writer
If you think an investment in mutual funds might be worth considering, you're ready to take the next step. Call one of the funds and ask for a prospectus. A good place to start might be a fund from the list of top performers accompanying these articles. Consider selecting from funds that are listed on the five-year or 10-year performance chart and that have investment objectives that appeal to you. Those listed are the best performers for those periods. A prospectus is free.
BUSINESS
February 28, 1991 | By Glenn Burkins, Inquirer Staff Writer
Despite the recession and a war in the Middle East, mutual funds got off to a record-setting start in January, industry officials said yesterday. The amount of money held in mutual funds increased by $59 billion in that month, to $1.129 trillion, according to the Investment Company Institute, a trade association in Washington. Much of that increase was the result of the rising prices of stocks and bonds. Then in February, mutual-fund investors reacted to the stock market surge by jumping back into mutual funds, especially stock funds.
BUSINESS
March 1, 1989 | By Glenn Burkins, Inquirer Staff Writer
Mutual-fund shareholders had reason to smile in January as rising interest rates and a surge in stock prices increased total fund assets by $28.3 billion, the second-largest gain since mid-1987. Total assets in mutual funds rose from $810.3 billion in December to about $838.6 billion in January, according to the Investment Company Institute, a Washington trade group. About half of the increase in assets came from investors who poured money into money market and short-term bond funds.
BUSINESS
March 13, 1991 | by Randolph Smith, Daily News Staff Writer
Mutual funds are hot. Philadelphia-area funds and brokers report near-record levels of mutual fund investment since mid-January when the tide turned in the Persian Gulf. Investors chasing a rising stock market and showing confidence in the economy are pouring billions into equity and bond funds. Many are seeking higher returns as deposit interest rates decline. New investment in all stock funds jumped 31 percent to $9.6 billion in January, the latest month for which national figures are available, according to Lipper Analytical Services Inc., of Summit, N.J., a mutual fund analyst.
BUSINESS
January 28, 1991 | Los Angeles Daily News
Investors are heading for the shelter of money market mutual funds and other conservative investments in response to the Persian Gulf war. They began flocking to money market mutual funds several months ago and are continuing the trend since the outbreak of hostilities last week. Other investors are waiting out the conflict until market volatility dies down. Money market fund assets grew by $24.4 billion to $446.4 billion in the two weeks preceding the Jan. 15 U.N. deadline for Iraq to withdraw from Kuwait, according to the Investment Company Institute, a Washington, D.C., trade group.
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NEWS
December 28, 2012 | ASSOCIATED PRESS
NEW YORK - Andrew Neitlich is the last person you'd expect to be rattled by the stock market. He once worked as a financial analyst picking stocks for a mutual fund. He has huddled with dozens of CEOs in his current career as an executive coach. During the dot-com crash 12 years ago, he kept his wits and did not sell. But he's selling now. "You have to trust your government. You have to trust other governments. You have to trust Wall Street," says Neitlich, 47. "And I don't trust any of these.
BUSINESS
August 8, 2006 | By Benjamin Y. Lowe INQUIRER STAFF WRITER
A bill to be signed by President Bush would give mutual-fund companies a greater ability to help shape individuals' investment decisions, just as baby boomers become eligible to tap an estimated $1.7 trillion in retirement savings. A provision of the pension bill that Congress approved last week would roll back limits on investment advice that companies such as the Vanguard Group can offer 401(k) plan members. Those limits were put in place to assuage conflict-of-interest concerns.
BUSINESS
July 21, 2002 | By Joseph N. DiStefano INQUIRER STAFF WRITER
In a test of the popular faith that U.S. stocks grow more in value than bonds, property, or any other investment over time, believers are starting to fall away. It's as if, this summer, thousands of investors opened yet another quarterly loss statement, contemplated a third straight year of losing money, and finally decided to dump some or all of their shares into a market where buyers have all but vanished. Mutual-fund net redemptions approached $20 billion in June, and could top $40 billion for the month of July, eclipsing last September's record $30 billion, according to Mutual Fund Trim Tabs, a newsletter which estimates weekly fund investments.
BUSINESS
May 25, 1999 | By Miriam Hill, INQUIRER STAFF WRITER
The mutual-fund industry is rolling in cash. Its assets grew 24 percent last year to $5.5 trillion. So why was all the talk at the industry's recent national conference so gloomy? "As we stand at this peak, are we really standing at the peak of the golden age?" OppenheimerFunds' Bridget Macaskill asked in a speech to the Investment Company Institute, the fund industry's trade organization. "What would happen if the bulls stopped running for more than three weeks or three days?" But the possibility that the market may finally cool off is far from the only fear bugging industry leaders these days.
BUSINESS
May 16, 1998 | FROM INQUIRER WIRE SERVICES
Wall Street's top regulator yesterday gave the mutual fund industry a tongue-lashing for not doing enough to make sure investors understand the risks they take and the fees they are being charged. Securities and Exchange Commission Chairman Arthur Levitt told nearly 2,000 mutual fund industry leaders attending a conference in Washington that the small steps some firms have taken merit a failing grade from his agency. "We are not looking for a little bit of window dressing," Levitt said in a speech prepared for the Investment Company Institute's annual conference.
BUSINESS
September 27, 1996 | By Cynthia Mayer, INQUIRER STAFF WRITER
Investors are cautiously moving back into stocks after a wild, unpredictable summer, judging by a study of mutual funds released yesterday. According to a monthly survey by the Investment Company Institute, investors put a fresh $17.93 billion into stock mutual funds in August - more than three times their contributions in July - bringing to $1.53 trillion the total assets in stock funds. July was the most volatile month of the year in stock prices, and some investors probably were frightened away, ICI economist John Rea suggested.
BUSINESS
July 26, 1996 | By Cynthia Mayer, INQUIRER STAFF WRITER
Investors cut short their love affair with mutual funds last month, slashing their new contributions to funds by 73.7 percent, according to the Investment Company Institute, a mutual-fund trade group in Washington. Contributions to stock funds were down 42.3 percent to $14.48 billion in June, said the institute. Meanwhile, investors were taking out more money from bond funds and money-market funds than they were putting in. Overall, the public put just $7.85 billion in new money into all funds, a fraction of May's total of $29.85 billion and earlier months' totals, the institute said.
BUSINESS
July 21, 1996 | By Cynthia Mayer and Michael L. Rozansky, INQUIRER STAFF WRITERS
Wall Street shuddered last week, but Main Street shrugged. Despite the stock market's wild gyrations - the Dow Jones industrial average zigzagged in a 328-point range before ending the week only 84 points lower - novice investors took it in stride. "What happens one day may not happen the next," suggested a 40-year-old secretary from South Philadelphia who gave her name only as Marge. Marge has $2,500 invested in a mutual-fund retirement account. "I don't have that much in there right now, and I'm still young," she said, emerging from the Vanguard Group mutual-fund office on Market Street.
BUSINESS
March 24, 1996 | By Inquirer staff and Neil Downing, Providence Journal-Bulletin
How can I get the addresses of mutual funds? One source is the reference section of your local public library. Ask for mutual fund directories or other mutual fund references, such as the Morningstar or Value Line mutual fund surveys. These publications include lots of details - including addresses - on hundreds of funds, as well as some easy-to-read commentary about how some individual funds have performed. Another source is an annual mutual fund directory published by the Investment Company Institute, the trade group for the mutual fund industry.
BUSINESS
February 18, 1996 | By Andrew Cassel, INQUIRER STAFF WRITER
The climb was exhilarating, the view spectacular, but with the Dow Jones industrial average bouncing around above 5,500, the air is getting mighty thin. There has been no lack of oxygen apparent, however, in the behavior of mutual-fund investors, who have been pouring record amounts of cash into the stock market since the beginning of the year. In January alone, investors plowed an estimated $24.5 billion into stock mutual funds, a figure that eclipsed the next heaviest stock-investment month on record by more than 33 percent, according to the Investment Company Institute, the mutual-fund trade group.
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