Latest Mutual funds News

Investing became cheaper, easier during bull market run

Mar. 8, 2019 12:17 PM EST

NEW YORK (AP) — As the bull market for U.S. stocks celebrates its 10th birthday, joining the party has never been cheaper or easier. Investors can buy or sell stocks on their phone with the flick of a thumb, and for a much lower cost than was possible on March 9, 2009, when the S&P 500 finally hit...

Double tap: Investors face taxes for funds that fell in 2018

Feb. 14, 2019 12:34 PM EST

NEW YORK (AP) — As if the worst year for stocks in nearly a decade weren't bad enough, many investors now have to pay a tax bill on top of it. The headache for investors is a result of how mutual funds are structured and how many times the funds' managers bought and sold shares through 2018. Because of the...

'Bond King' Bill Gross to retire from Janus

Feb. 4, 2019 2:40 PM EST

DENVER (AP) — William H. Gross, the famed and colorful bond investor who once controlled the world's largest mutual fund, is closing his professional career of more than 40 years and retiring to focus on managing his personal assets and private charitable foundation. Gross, 74, was nicknamed the "Bond...

40 years after his "folly," Bogle's index funds reign

Jan. 22, 2019 7:49 PM EST

NEW YORK (AP) — Forty years ago, the thought of buying a stock index fund was ridiculed. Why would anyone be satisfied with an investment that promised nothing more than the same return as the market? Later this year, however, U.S. stock index funds may for the first time control more in assets than mutual...

John Bogle, founder of Vanguard, dies at 89

Jan. 16, 2019 9:01 PM EST

VALLEY FORGE, Pa. (AP) — John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89. Bogle did not invent the index fund, but he expanded access to no-frills, low-cost investing in 1976 when...

John Bogle dies at 89; fought for lower fees for investors

Jan. 16, 2019 8:40 PM EST

VALLEY FORGE, Pa. (AP) — When he lost his job running a mutual fund company after stocks tanked in the early 70's, John C. Bogle decided that money managers knew very little about predicting the market — and charged way too much for that lack of knowledge. He founded a new fund company, Vanguard, in...