Schwab pushing unproven H&Q fund
TheStreet examines the Schwab practice of pushing specific funds to brokers through its supermarket in exchange for cash payments. In particular, Schwab is giving a higher profile to Hambrecht & Quist's new IPO fund and receiving a bonus ranging from 20 up to 50 basis points for assets gathered. Critics say that this practice makes Schwab more resemble the typical full-service brokerage and brings up conflict of interest issues but supporters say that both sides ultimately benefit.
Farrell touts his latest SuperStars
From CBS MarketWatch
MarketWatch's Paul Farrell weighs in with his quarterly update of the hottest and solidest funds out there. While he does like some hot funds in riskier sectors like the Internet and International sectors, he still leans toward a more conservative strategy, weighted with large-cap equity stock funds, "relatively boring funds that nevertheless keep performing year after year after year."
Stay ahead of the news ... Sign up for our email alerts now