In the Margins
In the last quarter of 2015, American Funds cut by 7% its Amazon.com holding, according to research performed by Todd Rosenbluth, director of mutual fund research at S&P Global Market Intelligence. The mutual fund firm also pared back Alphabet (formerly Google), by 18%. At Fidelity, fund managers added shares in Facebook, Alphabet, Microsoft, and Salesforce in the fourth quarter, while the firm reduced its share count in Gilead Sciences by 6.9%. Read the original story from Barron's.
Most Read
When the Securities and Exchange Commission announced earlier this month it was charging a mutual fund adviser, some of its officers, and two independent fund directors ...
Independent mutual fund directors, on average, took home more pay in 2022 than they did the year prior, according to new figures from Management Practice Inc. ...
The Securities and Exchange Commission on Friday said it has charged an investment adviser, its CCO, its fund's president, and two independent fund directors with "aiding ...
William Birdthistle, director of the SEC's Division of Investment Management, delivered keynote remarks at a mutual fund industry conference this morning but failed to address a ...