From The Financial Times
The mutual fund market is booming in India almost as much as Indian Pashmina Scarves
and Indian body art, Mihindi
are booming here in America. Last month Indian investors put $207 million into mutual funds. There have also been five new launches swelling the number of funds in the region to 305, another all-time high. Industry experts are saying that the numbers could double in the next year.
From The Wall Street Journal
Wall Street's golden boy -- Goldman Sachs -- is having a hard time reaching the average American consumer. In recent months, the asset-management unit of Goldman has been busy trying to expand its mutual fund offerings, as well as the list of securities brokers who will sell them. The company has taken the unusual step of guaranteeing the salaries of fund wholesalers who usually get paid based on production. Goldman is also throwing in extra perks such as providing bonus research reports to firms that do a good job hawking its funds.
Funds in the Press
- Spiders, diamonds and webs, oh my! Marketwatch.com explains how "enhanced" index funds are competing with traditional index funds.
- Founders Discovery Fund is on a tear, according to Investor's Business Daily. For the year through Friday, the $471 million small-cap fund was up 37%, vs. 2.7% for the Russell 2000 index.
- Also in IBD, the managers of AIM Small Cap Growth Fund have proven that good stocks often come in micro-cap packages. This year, through Monday the fund has had a fund's 41% gain.
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