Prudential Investments is launching a new mutual fund, the Prudential Tax-Managed Equity Fund. This new fund will seek to defer the realization of capital gains distributions. Over the past three years, tax-managed funds have out-performed the average growth fund.
The Hartford Financial Services Group will use the massive number of viewers of the Super Bowl to expand their current humor-based "Bring It On" ad campaign to grow the brand recognition of their stag deer logo. They intend the campaign to show the company's corporate culture to be less stodgy than the industry as a whole is perceived to be.
Wilshire Associates will launch the first official Wilshire 5000 Index fund on Feb. 1, seeking to capture the performance of small, mid, and large cap stocks. The expense ratio is expected to be 0.35% , and there will be a 0.20% 12-b 1 fee.
Anthony Dean will retire on May 1,
The John Nuveen Company announced, after almost 25 years with the company. He said that he is retiring early as president and coo to "spend more time with my family and pursue my other interests and enthusiasms."
Boston-based Financial Research Corp. reports that while record amounts of money are flowing into mutual funds, investors are becoming more impatient as well with poor performance. In 1998, a total of 2,046 funds (of 5600 studied) had net outflows of $141.7 billion, up from $106.9 billion in 1997, with 2,020 funds suffering net outflows.
 
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