BOSTON, Dec 11- Capital gains pain has arrived for U.S. mutual fund investors. "In many respects, it's a good news story," said Joel Dickson, a senior investment strategist at Vanguard Group. Fidelity's $16 billion Magellan Fund plans to distribute capital gains of $5.52 a share in 2013. That is up from just 2 cents a share in 2012, according to fund disclosures.» Read More
LONDON, Sept 20- Emerging equity funds have enjoyed their second consecutive week of inflows while hard currency bond funds also posted gains for the first time since mid-May, banks said on Friday, citing data from EPFR Global. The Boston- based fund tracker releases data to clients late on Thursday.
BEIJING, Sept 20- Alibaba Group Holding Ltd's online mutual funds platform, which launched in June allowing customers to buy and sell a single money market fund, is set to attract more than 20 billion yuan by the end of this month.
BRUSSELS, Sept 19- Belgian financial group Dexia has entered into exclusive talks with New York Life Investments to sell its asset management unit, it said late on Thursday. Dexia had initially agreed to sell the asset management arm to Hong Kong- based GCS Capital for 380 million euros, but that deal fell through in July.
NEW YORK, Sept 19- Wall Street often faces a wall of worry, the issues that can halt a market rally, yet the fears that haunt investors now seem to persist far longer than they did in the past, said Ken Fisher, the billionaire investor and author, in an interview. A fight in Congress over increasing the ceiling on U.S. government debt now looms.
PARIS, Sept 19- European shares rose on Thursday, with one benchmark index rising to a five-year high after the U.S. Gold miners also jumped, tracking a sharp rally in the precious metal as the U.S. dollar fell.
Brokerage Macquarie Equities Research raised its price target on the stock to $25 from $23 after the video game publisher racked up $800 million in first-day sales of Grand Theft Auto V, the fifth installment of the lucrative franchise that went on sale across the globe on Tuesday.
Brokerage Macquarie Equities Research raised its price target on the stock to $25 from $23 after the video game publisher racked up $800 million in first-day sales of Grand Theft Auto V, the fifth installment of the lucrative franchise that went on sale across the globe on Tuesday. **TRANSCEPT PHARMACEUTICALS INC, Wednesday close $3.59, up 9 pct after market.
Investment bank revenues were $13.1 billion in the first half of 2013, putting it ahead of Goldman Sachs, Deutsche Bank, Bank of America Merrill Lynch and Citi, which all shared second place in analytics firm Coalition's league table.
Sept 18- Capital Group Cos Chairman James Rothenberg outlined a new effort on Wednesday to promote its American Funds lineup, left sidelined by client withdrawals even as investors edge back to other actively managed equity mutual funds.
NEW YORK, Sept 18- Stocks and gold jumped while the U.S. dollar and bond yields fell sharply on Wednesday after the Federal Reserve surprised investors by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth.
Sept 18- A Japanese investment banking unit of UBS AG was ordered on Wednesday to pay a $100 million criminal fine after pleading guilty to wire fraud in connection with its role in the manipulation of the benchmark interest rate Libor.
NEW YORK, Sept 18- U.S. stocks soared and gold jumped while the dollar and bond yields fell sharply on Wednesday after the Federal Reserve surprised investors by keeping its economic stimulus in place on concerns tighter financial conditions could slow the economy.
*Wall Street hits new highs as Fed keeps stimulus intact. NEW YORK, Sept 18- U.S. stocks jumped while the dollar and bond prices fell sharply on Wednesday after the Federal Reserve put off trimming its stimulus to the economy, saying the tightening of financial conditions could slow the pace of economic improvement.
Sept 18- Goldman Sachs Group Inc Chief Executive Lloyd Blankfein made his most public commitment to the bank's commodity trading business on Wednesday, even as regulators consider measures that may push Wall Street out of physical markets.
NEW YORK, Sept 18- The U.S. dollar was little change against the euro and lower against the yen as investors placed their last bets before any decision by the Federal Reserve to trim its stimulus program. Chairman Ben Bernanke will hold a news conference one half hour after that.
*Aberdeen Asset Management fall on MS earnings cut. LONDON, Sept 18- European shares traded at five-year highs by midday on Wednesday as investors kept their nerve ahead of an expected first cut to the U.S. The latest Reuters poll forecast a $10 billion reduction, although there is speculation among traders it could be even less.
DUBAI, Sept 18- Bahrain- based Islamic investment firm Arcapita has become the first Gulf company to emerge from U.S. bankruptcy under Chapter 11 rules, in a move that could help clarify how Islamic finance is treated in Western courts.
Sept 17- Investment bank Jefferies Group LLC, part of Leucadia National Corp, reported an 83 percent drop in quarterly profit as revenue in its fixed-income business fell sharply. Net earnings fell to $11.7 million for the third quarter ended Aug. 31 from $70.2 million a year earlier.
"The staff will be closely monitoring and collecting data on this new market to see how it in fact operates... and accessing whether and to what extent changes in the private offerings market may lead to additional fraud or not," SEC Chair Mary Jo White told an advisory panel of experts convened at SEC headquarters on Tuesday.
LONDON, Sept 17- Four of Britain's largest institutional investors are part of a group considering suing state-owned Royal Bank of Scotland over a share offer under disgraced former Chief Executive Fred Goodwin. Prudential and Universities Superannuation Scheme were named in court on Tuesday, alongside fund majors Standard Life and Legal& General.