The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Reuters Spotlights Two New Total Return Offerings Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 22, 2012

Reuters Spotlights Two New Total Return Offerings

News summary by MFWire's editors

Strange but true: In the midst of a stock rally, the two new mutual funds with the largest inflows so far this year are total return funds. The Wells Fargo Advantage Absolute Return fund has taken in $1.3 billion this year, and the Russell Multi-Strategy Alternative fund has seen $699 million in flows.

This fact prompted Reuters reporter David Randall to investigate the popularity of total return. He thinks "painful memories of the financial crisis and lingering skepticism about Wall Street" have pushed investors into the apparent safety of total return.

Even though these funds are usually more expensive than vanilla stock funds -- average total return fees are 1.35 percent, compared to 80 basis points for stock funds, according to Reuters -- and they generally haven't posted the returns that the S&P has this year, they're getting love from advisors. The story highlights Atlanta-based advisory firm Brightworth, which has steered $20 million in client assets into the Wells Fargo Advantage fund.

The full Reuters story is here

Edited by: Chris Cumming

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use