The First Trust Dow Jones STOXX Select Dividend 30 Index was launched as an exchange traded fund.
Investment companies will now be able to invest in the company’s ETFs beyond the limits of Section 12(d)-1.
Despite a surge in popularity among investors, target date mutual funds continue to operate without adequate benchmarks to help financial advisers evaluate whether their performance is up to snuff.
Institutional investors have put more money into global strategies since the start of the year, but retail investors and their financial advisers so far seem to be behind the curve.
PHILADELPHIA — After years of looking after the back-office needs of its mutual fund and exchange traded fund clients, ALPS Fund Services Inc. is itself getting into the advisory business.
IRVINE, Calif. — Market turmoil could create some pretty unhappy closed-end-fund investors and put a damper on the closed-end-fund-underwriting business. At the same time, professional closed-end-fund investors said that they are still buying their favorite issues, which now trade near historically large discounts to net asset value.
Claymore has launched three ETFs based on Morningstar Super Sector Indexes on the New York Stock Exchange.
The Securities and Exchange Commission has begun its voluntary electronic filing program for mutual funds.
The lack of a benchmark is impeding the growth of target-date funds, according to The Vanguard Group.
Total assets under management globally in ETFs are expected to top $2 trillion by 2011, up from $669 billion as of June 30, according to a report by Morgan Stanley.
XShares filed a registration statement with the SEC to offer ETFs in AirShares EU Carbon Allowances Fund.
Some ETF providers are asking the SEC for exemption from a part of Regulation NMS, CCH Wall Street reported.
PHILADELPHIA — Morgan Stanley’s plans to take its MSCI Inc. index unit public is raising concerns about conflicts of interest that may arise when an index company must answer to shareholders.
Van Eck Global announced that it will launch an exchange traded fund based on nuclear energy.
Barclays Global Investors today launched the first iShare ETF to invest in international real estate via real estate investment trusts.
Claymore Securities Inc. has launched an exchange traded fund designed to profit off of companies in the luxury goods-and-services market.
The new ETF tracks the Morgan Stanley Capital International Europe, Australasia and Far East index.
PHILADELPHIA — Morningstar Inc., the mutual fund research company, is backing off its long-held position that fund boards that oversee multiple funds are less effective stewards than those responsible for just a few funds.
BOSTON — Say goodbye to the Green Mountain Boy. As part of an ambitious growth strategy designed to get its mutual funds noticed by distributors, Montpelier, Vt.-based Sentinel Asset Management Inc. is retiring its decades-old icon.
PHILADELPHIA — An exchange traded fund that invests in municipal bonds is expected finally to become a reality — a prospect that excites some financial advisers.
