July 7, 2016 |
Turner Investments plans to merge its investment-advisory platform with that of Michael Kennedy 's Radnor-based Veracen L.P ., in a proposal to use the shrunken Berwyn-based mutual-fund group founded by stock-picker Robert E. Turner to build a larger, more automated investment-management firm, according to privately circulated documents obtained by the Inquirer. If the deal goes through as planned later this month, Turner will also seek to raise $12.5 million from private investors to fund rapid expansion, according to an "investor presentation" dated June 30 and shown to potential investors.
December 5, 2013 |
Hard to believe, but as of Wednesday, there are fewer than 20 trading days left in the year. So, if you want to take profits in your stock portfolio, now would be the time. Almost all major asset classes except commodities have posted gains this year: The S&P 500 equity gauge has rallied 26 percent, on pace for its biggest annual gain since 2003, and reached an all-time high on Nov. 27. The 2014 market is unlikely to match 2013's stellar gains. "Equities may post further gains in the year ahead, despite the strong runup this year and the abiding potential for some pullback," notes Sage Financial Group, of West Conshohocken, in its latest note to investors.
March 16, 2013 |
NEW YORK - The Dow Jones industrial average reached another milestone Thursday, recording its longest winning streak since 1996. The index rose for the 10th straight day, gaining 83.86 points to close at 14,539.14. That's an increase of 0.6 percent. The Standard & Poor's 500 index closed within two points of its all-time high, reached in October 2007. The S&P 500 index gained 8.71 points to 1,563.23, a gain of 0.6 percent. The Nasdaq composite rose 13.81, or 0.4 percent, to 3,258.93.
February 1, 2013 |
NEW YORK - The Dow had its best start to the year in almost two decades. The Dow Jones industrial average ended the month up 5.8 percent, its strongest January since 1994, according to S&P Capital IQ data. The Standard & Poor's 500 finished the month 5 percent higher, its best start to the year since 1997. Stocks have benefited as investors put money into equities in January. By one measure, the monthly flow into stock funds was the largest in nine years. Strategic Insight said Thursday that about $51 billion in net deposits was moved into stock funds and so-called hybrid funds, which invest in a mix of stocks and bonds - the most since $56 billion in January 2004.
January 6, 2013 |
The stock market posted impressive returns last year, even with the presidential election and the resulting political gridlock - a welcome change from 2011, when the market rose only slightly. The two top-performing stock mutual funds posted returns greater than 35 percent, more than twice the gain of the broader market. But go back further than last year and their recent strength doesn't look as impressive. Both funds performed dismally in 2011. For long-term investors, it's a reminder of the importance of patience.
December 28, 2012 |
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.
October 7, 2012 |
BOSTON - Index mutual fund investors are a cost-conscious bunch. Rather than seek out managers with a good shot at beating the market, they parse tiny differences in fund expenses. Index funds are cheaper because no one is being paid to pick stocks. Every cent that doesn't end up in someone else's pocket counts, the thinking goes. If that's your mindset, you'll want to pay attention to an aspect of index fund expenses that's drawing greater scrutiny: fees that fund companies pay to license benchmark indexes.
September 13, 2012 |
NEW YORK - The stock market edged higher Wednesday as attention shifted from a German court decision on participation in a European rescue fund to the Federal Reserve, which began a big two-day meeting. Germany's highest court ruled that the country could contribute to Europe's $640 billion rescue fund to help indebted governments, an issue that was "more speed bump than hurdle," Dan Greenhaus, chief global strategist at the brokerage BTIG, told clients. The Dow Jones industrial average climbed 9.99 points to close at 13,333.35, a four-year high.
September 7, 2012 |
NEW YORK - The last time the stock market was this high, the Great Recession had just started, and stocks were pointed toward a headlong descent. But on Thursday, the Dow Jones industrial average hit its highest mark since December 2007, and the Standard & Poor's 500 index soared to its highest level since January 2008 in a rally that seemed destined to mark a milestone: American stocks have come almost all the way back. A long-anticipated plan to support struggling countries in the European Union provided the necessary jolt, and the gains were extraordinarily broad.
June 17, 2012 |
BOSTON — Could the international investments in your mutual fund portfolio be setting you up for a summer of anxiety, rather than rest and relaxation? Recent headlines suggest it's time to stay alert. Now may also be a good time to review whether a lower-risk approach is in order. Consider that stocks lost much more overseas in May than they did here. The 6 percent drop in the Standard & Poor's 500 index was the smallest decline among more than two dozen developed markets around the globe.