TITLE

Dreyfus Plans to Cut Two Florida Muni Mutual Funds, Merge Two Others

AUTHOR(S)
Posner, Matthew
PUB. DATE
August 2007
SOURCE
Bond Buyer;8/22/2007, Vol. 361 Issue 32697, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Dreyfus Corp. to cut two Florida-specific municipal bond mutual funds. The plan, which includes the Florida Premier State Municipal Bond Fund, has been depicted following the company's filings with the Securities and Exchange Commission (SEC). The reasons behind the cut are reportedly tax changes in the state and poor performance. Aside from cutting, the company has also planned to merge the Florida Municipal Money Market and the Municipal Money Market Fund.
ACCESSION #
26383566

 

Related Articles

  • Losses Reach $1.5 Billion in October, the Worst Since 2000. Fine, Jacob // Bond Buyer;12/2/2002, Vol. 342 Issue 31523, p7 

    Reports on the loss suffered by municipal bond mutual funds in the U.S. during October 2002 which was the worst since 2000. Level of volatility experienced by the municipal bond market in twenty years; Statistics of shareholder redemptions from municipal funds and net inflow; Status of assets...

  • With '04 Behind Them, Muni Funds Gain $870M in January. Johnson, Matthew // Bond Buyer;3/2/2005, Vol. 351 Issue 32081, p6 

    The article reports that, according to Investment Company Institute data, municipal bond mutual fund inflows grew to $870 million in January and equity fund inflows slowed to $8,718 billion. The sizeable inflows into municipal funds contrasted with a dismal 2004, in which the funds experienced...

  • Weekly Reporters Post $639M of Net Inflows. Scarchilli, Michael // Bond Buyer;5/7/2007, Vol. 360 Issue 32623, p6 

    The article reports on the $639 million net inflow of the weekly reporting municipal bond mutual funds for the period ending in May 2, 2007 in the U.S. The reported net inflow is up from $602 million that was reported in the previous week and AMG Data Services says that it represents the 41st...

  • Fortunes Turn for Munis, With $538 Million Inflow. Briggs, Amanda // Bond Buyer;4/2/2004, Vol. 348 Issue 31855, p7 

    Focuses on the municipal bond mutual funds market in the U.S. Recovery in net inflow experienced by the market in February 2004; Factors affecting the market; Outflow suffered by the tax-exempt money market funds.

  • Ask Russ.  // Morningstar FundInvestor;Mar2008, Vol. 16 Issue 7, p48 

    The article provides answers for several questions related to mutual fund investments including municipal bond, fund ownership in the Morningstar's 401(k), and about Harbor Real Return HARRX and PIMCO Real Return PRRDX.

  • Munis, Tax-Free Money Markets Tick Up Amid Overall May Decline. Albano, Christine // Bond Buyer;7/5/2006, Vol. 357 Issue 32416, p7 

    The article reports on the slight increase in municipal bond mutual funds and tax free money market funds in their combined total net assets in the U.S. for May 2006. The tax-free money market funds included in the report also saw a slight 1.7 percent rise in the total net assets, increasing to...

  • Muni Bond Fund Report $212.2M Outflow. Flynn, Hillary // Bond Buyer;3/28/2014, Vol. 123 Issue F313, p1 

    Statistics are given regarding inflows of municipal bond funds of 212.2 millions and 1000.8 millions of high-yield funds in the U.S. as of March 26, 2014.

  • New CEO: Dreyfus Can Be Top Long-Term Player. Garmhausen, Steve // American Banker;4/28/2008, Vol. 173 Issue 81, p7 

    This article discusses the plans of Jon Baum, the chief executive of Dreyfus, an investment bank specializing in money market funds. The financial problems faced by the fund between 2002 and 2008 are discussed. Investment strategies at the firm were discussed in terms of their compatibility with...

  • Muni Inflows Grow in July; Assets Up $423 Billion Year to Date. Fine, Jacob // Bond Buyer;9/2/2005, Vol. 353 Issue 32210, p6 

    Reports that municipal bond mutual fund inflows in the U.S. have reached their highest level so far in 2005 during July, according to the Investment Co. Institute. Exclusion of reinvested dividends and money market fund data in the totals, which apply only to open-end funds; Decline in the sales...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics