Tag: Investing

Clients Expected to Increase Donations to Offset Tax Hikes

The majority of financial advisers (87%) expect income taxes to increase for most of their clients in the next 12 to 18 months, with one in four advisers (26%) predicting that their clients will increase charitable giving in order to offset tax hikes, according to a recent study by the Fidelity Charitable Gift Fund. 

Federated Investors to Acquire RidgeWorth Assets

SunTrust Banks, Inc. announced it has reached a definitive agreement for Federated Investors, Inc. to acquire approximately $17 billion in managed liquidity assets of its RidgeWorth Capital Management subsidiary.

ETF Assets Fall in June

State Street’s latest ETF Snapshot reveals assets in the U.S. exchange traded fund (ETF) industry totaled approximately $772 billion as of June 30 – down $11.7 billion or 1.5% during the month.

Hartford Cuts Funds’ Expense Ratios

The Hartford Mutual Funds has announced permanent fund expense reductions, effective July 1, 2010, on 36 funds covering institutional and retirement share classes as well as the retail share classes of six funds. 

Americans Report Economic Concerns

A Bloomberg National Poll found that more than seven out of 10 Americans (71%) believe the economy is stuck in recession, and another 13% expect a backslide from the past year’s economic growth.

Virtus Launches New AlphaSector Fund

Virtus Investment Partners has launched the Virtus Premium AlphaSector Fund (Class A: VAPAX), an extension of Virtus' AlphaSector product suite that is subadvised by quantitatively-based investment firm F-Squared Investments, Inc.