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Keyword: bondfunds

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  • Angry Schwab bond-fund customers win in court

    04/11/2010 7:17:36 AM PDT · by george76 · 4 replies · 560+ views
    cnn ^ | April 10, 2010 | Lisa Gibbs
    Charles Schwab lost a big court decision last week in a case that has significance for investors in mutual funds. A federal judge ruled that Schwab violated the law when its YieldPlus (SWYSX) ultra-short bond fund failed to get shareholder approval before loading up on mortgage-backed securities. When the market for those securities collapsed, the fund lost 36% — a nasty surprise for investors who believed that YieldPlus was a safe alternative to cash. Left to decide is the amount of damages the investors should receive; lawyers say California investors alone lost about $170 million, the rest about $800 million....
  • Environmentalists target bond funds to buy boats, ocean land

    04/05/2004 6:26:21 AM PDT · by NormsRevenge · 7 replies · 178+ views
    Sac Bee ^ | 4/5/04 | Jim Wasserman - AP
    <p>SACRAMENTO, Calif. (AP) - Environmentalists who successfully tapped taxpayer money to buy thousands of acres of California coastline to stop development are now targeting the Pacific Ocean, with a plan to curb human activity by buying boats, fishing permits and possibly underwater land.</p>