In the Margins
Some mutual funds have been getting weighed down so far this year by poor-performing financial stocks. Current valuations on large U.S. banks are factoring in “pessimistic, dire” scenarios that are unlikely to come true, says Emory Sanders, co-manager of the John Hancock Fundamental Large Cap Value Fund. Financial stocks in the S&P 500 declined 12.5% this year through Tuesday, while the broader index was down 6%. Read the original story from The Wall Street Journal.
Most Read
Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
The Securities and Exchange Commission this week said it found "deficiencies" and "weaknesses" in mutual funds' governance practices during examinations over the past four years. The ...