(Reuters) - Vanguard Group said it was closing its $16.9 billion High-Yield Corporate Fund to most new accounts effective immediately, marking the latest junk bond manager seeking to shut off a flood of cash from investors.
(Reuters) - Vanguard Group said it was closing its $16.9 billion High-Yield Corporate Fund <VWEHX.O> to most new accounts effective immediately, marking the latest junk bond manager seeking to shut off a flood of cash from investors.
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut.
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut.
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut.
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut.
A plunge in Apple's shares, however unlikely right now, would ripple across retirement accounts of millions of investors who thought they were safer investing in mutual funds.
Throughout the financial crisis, large debt loads weighed on company balance sheets and had serious implications for the firms that let their borrowing get out of control. Other companies, however, have a history of operating with low debt levels, and many choose to issue no debt at all. Instead of debt, these companies hold cash and liquid investments in order to make acquisitions and fund other investments.