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How to avoid the trouble coming to the tech sector

By John Wasik CHICAGO (Reuters) - A resounding shot across the bow has been fired at the tech sector in recent weeks. The tech-heavy Nasdaq Composite Index is down nearly 5 percent in April through Friday's close and the Nasdaq Biotechnology Index is off 21 percent from its record closing high on February 25. Many of the sector's flagships and newcomers have been in the crosshairs. The latest tech stock falterings could be a sign of trouble ahead.

U.S.-based taxable bond funds attract $2.9 billion: Lipper

NEW YORK (Reuters) - Investors in U.S.-based funds committed $2.9 billion in new cash to taxable bond funds in the week ended April 9, marking their fifth straight week of inflows, data from Thomson Reuters' Lipper service showed on Thursday. Funds that hold emerging market bonds attracted $368.3 million, marking their second straight week of inflows, while high-yield bond funds attracted $640 million, marking their biggest inflows in seven weeks.

SEC inches closer to money market fund final rule

By Sarah N. Lynch (Reuters) - U.S. securities regulators are inching closer to completing new rules for money market funds, though no final decision on how to proceed has been made just yet, according to a person familiar with the matter. The Securities and Exchange Commission staff in charge of the rulewriting has been meeting with the agency's five commissioners, circulating some documents that highlight potential courses of actions and sounding them out to get their thoughts, the person said.

U.S.-based taxable bond funds attract $4.5 billion: Lipper

NEW YORK (Reuters) - Investors in U.S.-based funds poured $4.5 billion into taxable bond funds in the week ended March 19, marking the biggest inflows into the funds in five weeks, data from Thomson Reuters' Lipper service showed on Thursday. Funds that mainly hold U.S. Treasuries attracted about $188 million in new cash, marking their first inflows in five weeks. Low-risk money market funds, meanwhile, posted $25.3 billion in outflows, marking their biggest withdrawals in four weeks.

Vanguard seeks SEC permission to issue actively managed ETFs

By Ashley Lau NEW YORK (Reuters) - Vanguard Group, the No. 1 U.S. mutual fund company, on Friday took a step towards offering exchange-traded fund versions of dozens of its well-known actively managed mutual funds. In a March 7 filing with the U.S. Securities and Exchange commission, Vanguard said it was seeking permission to issue active ETFs on existing funds. These could include its Vanguard Explorer Fund, Vanguard Wellington Fund, bond index and municipal bond funds.

U.S.-based stock funds attract $10.3 billion inflow: Lipper

By Sam Forgione NEW YORK (Reuters) - Investors in U.S.-based funds poured $10.3 billion into stock funds in the week ended Wednesday on reassurance that the U.S. economy is on better footing and reduced geopolitical tension, data from Thomson Reuters' Lipper service showed on Thursday. The inflows into stock funds in the week ended March 5 marked the fourth straight week of new cash into the funds. Funds that specialize in U.S. stocks attracted $8.9 billion of the net inflows, marking their biggest inflows since late December.

Ukraine sparks Russian funds selloff, but winners emerge

By David Randall and Ashley Lau NEW YORK (Reuters) - The crisis in Ukraine sent the Russian stock market tumbling on Monday, delivering a blow to already-punished portfolio managers who took outsized bets on eastern Europe this year, but generously rewarding those who had shorted the country.

S&P DJI to review planned changes to Google weightings

NEW YORK (Reuters) - Standard & Poor's Dow Jones Indices on Monday said it will review whether its planned changes to Google Inc's weightings in widely used market indexes could hurt investors, and took the unusual step of asking worried index fund managers to address the potential costs.

U.S.-based stock funds attract $7 billion in latest week: Lipper

NEW YORK (Reuters) - Investors in U.S.-based funds poured $7 billion into stock funds in the week ended February 26, marking the third straight week of new cash into the funds, data from Thomson Reuters' Lipper service showed on Thursday. While stock funds attracted net inflows in the week ended Wednesday, funds that hold emerging market stocks posted outflows of $1 billion, reversing inflows of $361 million over the prior week.

Invesco profit jumps 81 percent on unit sale, strong markets

By Ashley Lau (Reuters) - Invesco Ltd said on Thursday that its fourth-quarter profit jumped 81 percent, boosted by strong markets and the sale of its Atlantic Trust Private Wealth Management unit. The Atlanta-based money manager, which oversees the PowerShares line of exchange-traded funds, said net profit rose to $287.4 million, or 64 cents per share, from $158.7 million, or 35 cents per share, a year earlier.
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