51. For the past two years, the returns of the Berger funds have lagged rival fund groups. 52. Franklin Resources Inc., the owner of the Franklin Templeton funds group, is adding a riskier fund to its mix. 53. Franklin, based in San Mateo, California, manages the Franklin Templeton funds group. 54. Fund groups need marketing muscle because competition is increasing as the US bull market shows signs of ebbing. 55. Fund groups reported small net outflowsfrom bond funds so far in March, after seeing small inflows in February. 56. Fund groups such as Fidelity Investments, T. Rowe Price Associates Inc. and Franklin Resources Inc. are already competing for Simple business. 57. Fund groups typically price their shares based on the closing prices in the applicable exchange that day. 58. Gerhard Rosenbauer, money manager at Victoria KAG, the fund group of Bayerische Vereinsbank AG, finds the explosion in new Swiss franc funds a passing fashion. 59. Fund groups said investors put a bigger portion of their assets in low-risk money market funds this month. 60. He also will oversee the international fund group, which is headed by Richard Mace. |