Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:2009 Claims More Fund Casualties So Far Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 11, 2009

2009 Claims More Fund Casualties So Far

by: Armie Margaret Lee

Not surprisingly, 2009 has so far killed more mutual funds compared to the same period last year. Data from Morningstar show that 40 mutual funds had at least one share class liquidated this year through March 9. This compares to 34 in the same period in 2008.

For the whole of 2008, 617 share classes from 314 distinct funds were liquidated, according to Morningstar. The tally did not include funds that were merged.

This year, firms including Ziegler Capital Management and E*Trade have announced their exit from the mutual fund management business. In Ziegler's case, it inked a deal last month to move eight of its mutual funds to HighMark Capital Management and plans to liquidate two other funds (see The MFWire, 02/17/09). As for E*Trade, the online broker last month revealed plans to liquidate four index funds and one actively managed fund (see The MFWire, 02/25/09). 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use