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In Past Decade, American Funds Created Most Wealth
Tweet Share on Facebook March 5, 2010 Comment (2)In a decade with two bear markets and lackluster returns for many investors, American Funds created the most wealth for investors, while Janus destroyed the most wealth, according to a survey released by Morningstar.
For the survey, Morningstar looked at the 50 largest mutual fund families and their total net assets at the end of 1999. Then the fund tracker subtracted each fund company's total cash flows over the decade and deducted their total net assets at the end of 2009. Numbers were calculated in dollar terms so that any funds that were liquidated during the decade would also be included.
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Investors Say Environment is Key For Economic Turnaround
Tweet Share on Facebook March 3, 2010 Comment (1)According to a recent survey from Allianz Global Investors, everyday investors believe that environmental technology will drive future economic growth in the U.S. and that the Obama administration isn't doing enough to promote these initiatives. Some 70 percent of respondents said policies that promote green practices and technologies will have a positive impact on economic growth, while 57 percent believe that a major push to create green jobs will help turn the economy around. From Dec. 28, 2009 to Jan. 12, 2010, Allianz polled more than 1,200 adults who hold primary or shared responsibility for investment decisions in households with financial assets of at least $100,000.
