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

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

Rating:Ninety-three Million Own Funds Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, October 04, 2001

Ninety-three Million Own Funds

Reported by Sean Hanna, Editor in Chief

Alger's alumni continue to come home in the wake of the terrorist attack that killed many of the New York fund firm's team of analysts. The latest to return is Amy Ryan who was until now an analyst at Prudential Securities. Ryan last worked at Alger from 1987 to 1992. Also rejoining the firm was OppenheimerFunds portfolio manager David Hyun.

* * *


Vanguard is closing in Fidelity as the largest direct seller of mutual funds, according to Financial Research Corp. Through August, Vanguard held $484.9 billion in stock and bond fund assets compared to $486.5 billion at Fidelity Distributors. Pushing Vanguard's sales is that it holds the top spot as the nation's largest seller of bond funds.

* * *


Despite the slump in the value of equities, the proportion of Americans using mutual funds has now grown to more than half, according to an Investment Company Institute survey. Another third have employer-sponsored retirement accounts. The ICI estimates that 52 percent of U.S. households now own shares in mutual funds. That measn that 54.8 million U.S. households and 93 million individuals now have accounts compared to 51.7 million households last year.  

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

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use