News

MADISON, Wis. - If consumers continue to purchase big-ticket items such as homes and cars - the main contributors to the U.S. economy's "modest" level of growth - low interest rates and tax cuts may be around the corner for 2003, this according to MEMBERS Capital Advisers economic outlook for...

VALLEY FORGE, Pa. - Vanguard Group has edged Fidelity Investments to become the nation's biggest mutual-fund company. According to Competitrack Inc., an advertising tracking firm, Vanguard spent more than any other company on mutual-fund advertising. Vanguard has nearly half a trillion dollars in stock and bond funds and is "one...

YONKERS, N.Y. - As the Securities and Exchange Commission recently approved a new rule that requires mutual funds to disclose important information about their proxy voting policies and the votes they cast for the shares of stock owned by the funds, Consumer Reports identified five things mutual funds should tell...

CAMBRIDGE, Ontario Canada, - Meritas Financial Inc. announced the launch of four new socially responsible investment (SRI) mutual funds that will be available through Group Retirement Services, a division of Great-West Life Assurance Company and London Life Insurance Company. The funds include one balanced fund and three equity funds. Of...

KANSAS CITY, Mo. - Roughly 62% of all investors - nearly 35 million - now access the Web for research and information, news, and financial services, a three-fold increase in use over the past four years. According to a survey by American Century Investments, investors doing their homework when they...

WASHINGTON - Credit unions that implement individual development accounts (IDA) programs may be eligible for a $550 annual tax credit. The Senate Finance Committee has approved the tax section of the Charity Aid, Recovery, and Development Act of 2003, which allows financial institutions a tax credit for each IDA account...