retail fund

"The credit should go back to the employee who invested in the retail fund," he said.

Since the securities were first offered, a little more than a year ago, only three retail funds specializing in them have been introduced.

But disappointingly no one from the retail fund management industry would go on the show to refute the research.

By contrast, retail funds have been more prone to stretch beyond their names to reach for better relative returns.

Eaton Vance has nearly $8 billion in three tax-managed retail funds, one of which is almost five years old.

Ramin Arani, an analyst, is picking up the retailing fund.

Low trading volumes and no commission to financial advisers mean the expense ratio is 1.17pc a year - a third less than most retail funds.

Fidelity Investments, for example, offers automatic withdrawal for all but one of its 161 retail funds.

By and large, those customers will now have access only to the Adviser funds, not the no-load retail funds.

Prospectuses warn investors that share prices can fluctuate, although no retail fund has broken $1.

T. Rowe Price estimated that 20 of its 36 retail funds would have distributions.

Assets of institutional funds were up by $1.4 billion and retail funds declined $2.2 billion.

Lately, some retail funds have been mending their ways, trading flexibility for tighter investment mandates.

We would caution against rushing to further enlarge the EU retail fund framework.

Institutional funds have outpaced retail funds in every category except the small-company group.

Lower cost is the biggest reason, he said, with managers of co-mingled accounts willing to handle money much more cheaply than retail funds do.

"Recent months have seen significant net outflows from retail funds, and even if markets pick up this negative sentiment will linger longer," she added.

Total assets of institutional funds fell by $200 million, while retail fund assets grew by $1.2 billion.

"It's our first retail fund marketing center," Mr. Reamer said.

"The retail funds also have a bit more of a conservative charter," Mr. Fetting said.

Those offerings have been combined with Fidelity's retail funds and funds from other companies to give investors more choices in their 401(k) plans.

A. From a return-on-investment perspective, there has not been an incentive for fund firms to launch a retailing fund.

The funding base is mainly short-term, largely sourced from corporate current accounts, while retail funds account for only a small 25% of total deposits.

Neal Litvack, who for four years had charted the rapid growth of Fidelity's retail fund business, has quit.

When we established this fund three years ago, our goal was to provide an all-weather retailing fund for our investors.