Products January 19, 2010

NAPFA Advisers Available at Free Event

Kiplinger’s Personal Finance magazine and the National Association of Personal Financial Advisors (NAPFA) are offering free financial planning services as part of a two-day event.
Reported by

A news release said the “Jump-Start Your Retirement Plan Days” event is scheduled for January 22 and January 26 from 9 a.m. to 6 p.m. ET and will involve NAPFA members making themselves available to offer a variety of types of financial planning information at no charge.

The NAPFA advisers can be reached toll-free at 888.919.2345 or by logging on to www.kiplinger.com/links/jumpstart/ for an online conversation.

“Volunteer advisers from across the country are prepared to help as many people as possible during these challenging times,” said NAPFA CEO Ellen Turf, in the release.


The Markets January 19, 2010

Global Fund Flows Reach 2007 Level

Progress in November helped bring year-to-date net flows worldwide to $825 billion—reaching full-year gains made in 2007, according to data from Strategic Insight (SI), an Asset International company.
Reported by

During the month of November, investors deposited $100 billion net globally into equity/mixed, bond and other long-term mutual funds, SI said in an announcement. Fixed-income products continued to dominate and accounted for two-thirds of the total year-to-date contributions, mostly driven by U.S. investors switching to higher-yielding investments (see “Bond Funds See Record Inflows in 2009”).

SI’s Global FlowWatch shows stock funds also attracted net new commitments of $225 billion through November 2009, according to the announcement.

Money-market programs experienced net redemptions in all regions except for Asia during this period, totaling $590 billion of outflows worldwide.

The full report is available to registered users at www.sionline.com.

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