Showing posts with label mutual. Show all posts
Showing posts with label mutual. Show all posts

Eagle asset management combines the heritage of the family funds to offer managed accounts & mutual funds



Eagle, a provider of equity and fixed income investment strategies for institutional and individual investors, today announced that it has completed its integration of family heritage asset management mutual funds. This strategic reorganization improves business separately managed accounts with Eagle line of mutual and money market funds, now known as the Eagle family of funds and increases the firm's assets under management to about 17 billion dollars as of October 31, 2008. Before you start as an investment advisor, asset management many of subadvised heritage Eagle mutual funds. Portfolio management relationships remain the same under the brand name of an eagle. There were no changes in personnel and administrative reorganization.


"Integration is an exciting step forward for an eagle as investors look for more effective ways to access to retail, institutional and products platform for 401 (k)," said Richard Riss, CEO of Eagle asset management, commenting on the statement. "The Restructuring allows us to offer a wide range of institutional and retail investment strategies and funds financial advisers and investors under a single brand name of Eagle. "The combination of immediately expanding Eagle's product line and gives us a broader sales distribution network, allowing our wholesalers offer retail and institutional products in our online brokerage platforms," said Stephen Hill, President of Eagle asset management.


"We believe this move positions Eagle very well for continued success and growth in the future as the industry continues to consolidate." The newly formed Eagle family of funds offers retail, institutional and pension share classes for several strategies, including: Eagle Mid Cap Growth Fund, Eagle large Cap core fund, Eagle Mid Cap Equity Fund Small Cap Growth Fund, Eagle, Eagle Small Cap Core Fund value (which is open November 3, 2008 and subadvised Eagle Boston investment management), Eagle capital appreciation Fund (subadvised, Goldman Sachs Asset Management) and income growth Fund Eagle (subadvised Thornburg investment management) and international equity fund Eagle (subadvised Artio global management). Subadvisory relationships do not change under the Eagle. Heritage cash trust money market fund and Municipal Heritage money market fund has become part of the Eagle family of funds in November 1, 2008, but will keep their existing names until May 1, 2009. At the same time, funds will be renamed Eagle and Eagle money market fund Municipal money market fund.


About Eagle Asset Management
Eagle asset management, founded in 1976, provides a wide range of equity and fixed income investment strategies of the various individual and institutional customers, both domestically and internationally. In November 2008, the Eagle became an investment adviser assets management heritage heritage family of funds, now known as the Eagle family of funds. Eagle currently has more than $ 17 billion under management in individual accounts, mutual funds, variable annuity products and money market funds.


Please consider the investment objectives, risks, charges and expenses of any fund carefully before investing. Contact Eagle fund services at 800-421-4184 or your financial advisor for a prospectus, which contains this and other important information about the funds. Carefully read the prospectus before you invest or send money.


Not FDIC insured. No bank guarantee. May lose value.
Eagle Fund distributors, Inc., Member FINRA
880 Carillon Parkway | St. Petersburg, FL 33716


Eagle Asset Management provides institutional & individual investors with an array of equity, fixed-income products & to meet long-term goals. We deliver superior, risk-adjusted returns through the two separately managed accounts & mutual fund platforms.


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United States stocks, bonds, mutual funds see a net outflow of $ 34 billion in August, 2011, said strategic Insight



In an unusually volatile month, nervous that investors redeemed about $ 34 billion in cash from the United States stock and bond mutual funds in August 2011 (open and closed-end mutual funds, with the exception of ETFs and funds underlying variable annuities). August marked the third straight month of net resource outflows of long-term funds, after net outflows of 16 billion dollars in July, according to Strategic Insight, a provider of business intelligence in the industry worldwide.

Fund shareholders are clearly shaken by the drama last month. August began with a prolonged political battle over the Federal Government's debt ceiling, and a poor decision on standard & 5 August to lower the United States's long-term credit rating from AAA to AA +. S P 500 index & August ended down 5.4%, but experienced severe declines and rebounds along the way.


Mutual funds shares saw a surge of net resource outflows during the second week of August, but then the net outflow slowed to the pace more in line with recent months activity. "Our research over the last two decades shows that the foreclosure spikes after the stock market declines are usually limited in scope and did not last long," says Avi Nachmany, Director of research of the SI. "However, the continuing doubts about the United States economy and European sovereign debt problems reducing investors ' appetite for risk."


Equity mutual funds saw net outflows of 23 billion dollars in August, compared with a net outflow of resources from 24 billion dollars in July. United States equity funds saw a net outflow of 21.4 billion dollars in August, and international/global equity funds saw a net outflow of $ 1.4 billion.


Bond mutual funds saw net outflows of $ 11 billion, compared with a net inflow of 8 billion dollars in July. Taxable bond funds experienced a net outflow of $ 10 billion and Muni Bond funds experienced net outflows of 1 billion dollars. Leading position in net outflows were floating rate and high yield bond funds, both of which are sensitive to fears of a recession. The bright spots were corporate short-term and intermediate maturity of bond funds, which together brought in 6 billion in positive flow as some investors continued to look for alternatives to low-yielding cash.


Bond funds ' net flows seem to turn positive in late August, "said Mr. Nachmany. "Given the expectation of continued instability and the Federal Reserve to keep interest rates extremely low, demand for bond funds should rebound selection."


Money market funds saw a net inflow of 69 billion dollars in August, benefited from a flight to safety. It was a reversal from July, when money was a net outflow of $ 113 billion. In the first eight months of the year 2011 funds suffered a net outflow of total 183 billion dollars.


ETFs: Separately, Strategic Insight said that funds (ETFs), Exchange-Traded US in August, survived a nearly $ 1 billion in net inflows. Leading in net flows were a great mix of ETFs (about $ 5 billion in inflows), leveraged ETFs ($ 3 billion) and bond ETFs ultra-short time $ 2 billion); Diversified markets ETFs saw the biggest net outflows (nearly $ 2 billion).


Through the first eight months of the year 2011 with ETFs (ETNs) saw a net inflow of $ 89 billion, pace that can still produce for the fifth consecutive year, 100 billion dollars or more inflows into ETFs. At the end of August 2011 US ETF assets stood at 1.06 trillion dollars.


Strategic Insight, an asset international company, is a leading research firm for the mutual fund and wealth management, providing customers with in-depth studies, consultation and electronic support systems solutions.


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