Plus, SEC addresses soft dollars, Gabelli settles, and more.
Plus, Fairholme's new fund bets big on MBIA, and more.
Active funds that deviate only slightly from the index may not be worth it.
For a change, fund investors have the edge on stock investors.
The phrase "tax-managed" is death for marketers. Nothing seems to scare away investors more than those words. Although the idea of managing a portfolio in order to maximize returns after taxes makes all the sense in the world, investors don't want to hear about it. Last week, a tax-managed fund, ...
Plus, news on Salomon Brothers Capital , Gabelli, Janus, Vanguard, and more.
These funds look better after taxes than a lot of funds before taxes.