MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 29, 2000 November 29, 2000 Merrill Lynch and Schwab, So Happy Together? From Boston Globe MerrillLynchSchwab.com? You read it right, Merrill Lynch now owns the URL after taking it from a cybersquater, according to the paper. The name is not a clue to a possible blockbuster merger, it adds. Cyveillance, a domain-name watching service, tipped off Merrill's legal eagles to the registration a month or two ago. Interestingly, the paper reports that Merrill has not yet informed Schwab that it seized the name, although it is reported to be ready to place a call "soon." American Funds' Slide Continues From CBS.MarketWatch.com What's happening to Capital Research & Management? Sales of its American Funds are off by more than half -- or their lowest levels in ten years. Total inflows into the funds are at $3.4 billion through October down from $6.8 billion through the same period a year ago, says Financial Research Corp., leaving the firm in nineteenth place among fund complexes. One reason for the slowdown is the middling returns of its funds. Still, the article points out that the complex's sales peaked at $13 billion in 1996 and have gone downhill ever since. Printed from: MFWire.com/story.asp?s=26002 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |