How Safe Is Your Bond Fund?
By: Jane J. Kim, The Wall Street Journal (Sep 2010)
"How Safe Is Your Bond Fund?" describes the dramatic impact of changes in how Morningstar calculates the average credit quality of bond mutual funds. Morningstar lowered the reported credit quality of more than half the bond funds it covered by at least one whole letter grade with many being reduced by two whole letter grades or more. The change in Morningstar's methodology and FINRA's prior admonishment to the industry to stop using this statistic until its glaring flaws were corrected was prompted by SLCG's study "What Does a Mutual Fund's Average Credit Quality Tell Investors?"
Schwab case shows pain of a bond market's collapse on small investors
By: Walter Hamilton, The Los Angeles Times (Apr 2010)
"Schwab case shows pain of a bond market's collapse on small investors" quotes Craig McCann on the holdings in Schwab's YieldPlus mutual fund portfolio.
About Those Alleged Short-Term Funds... Some Go Long on Bonds, Risk-Study
By: Jane J. Kim, The Wall Street Journal (Apr 2010)
The Wall Street Journal's "About Those Alleged Short-Term Funds... Some Go Long on Bonds, Risk-Study" reports on newly issued SLCG study that shows that losses in 2008 in mutual funds marketed as short term bond funds occurred because the funds in fact held mostly very long term bond portfolios.
FINRA, SEC and state regulators swarm Morgan Keegan with fraud charges
By: Dan Jamieson, Investment News (Apr 2010)
"FINRA, SEC and state regulators swarm Morgan Keegan with fraud charges" quotes Craig McCann on damning internal documents released by regulators as they announce their actions against Morgan Keegan.
SLCG Announces Updated Regions Morgan Keegan Bond Fund Study
By: Securities Litigation & Consulting Group (Jan 2009)
SLCG issued a press release today announcing the distribution of its study of six Regions Morgan Keegan bond funds (RMH, RHY, RMA, RSF, MKHIX and MKIBX) entitled "Regions Morgan Keegan: The Abuse of Structured Finance - Third Draft".
SLCG Announces Regions Morgan Keegan Bond Fund Study
By: Securities Litigation & Consulting Group (Oct 2008)
SLCG issued a press release today announcing the distribution of its study of six Regions Morgan Keegan bond funds (RMH, RHY, RMA, RSF, MKHIX and MKIBX) entitled "Regions Morgan Keegan: The Abuse of Structured Finance".
Buying Index Funds Through Brokers is Costly Study Shows
By: The St. Petersburg Times (Dec 2006)
St. Petersburg Times's "Buying Index Funds Through Brokers is Costly Study Shows" cites research conducted by Dr. O'Neal that shows that brokers tend to push investors towards higher cost index funds.
Excessive fund fees
By: Edward O'Neal (Jun 2006)
Dr. O'Neal was on a panel at the annual Institutional Investor meeting for Mutual Fund Counsel speaking about how to grapple with the issue of excessive fund fees.
Homework Key to Avoiding Investor Pitfalls
By: The Washington Post (May 2006)
The Washington Post's "Homework Key to Avoiding Investor Pitfalls" quotes Dr. O'Neal on the academic research demonstrating that mutual fund managers cannot consistently beat the market.
