PHILADELPHIA — A mutual fund company is taking a chance on the burgeoning market of infrastructure investments.
WASHINGTON — Disclosures of 12(b)-1 fees should be made clearer and easier to decipher, but the fees themselves should not be abolished, officials from the mutual fund and brokerage industries said at a Securities and Exchange Commission round table last week.
State Street Global Advisors said that its SPDR Standard & Poor's BRIC 40 ETF will begin trading on the American Stock Exchange today.
Investors who won big during China’s stock market rise are looking to cash in on its possible decline, the Wall Street Journal said.
The SEC voted to allow mutual funds to submit data on their risks and returns in an interactive electronic format.
The London Stock Exchange has launched a new electronic trading system which promises to execute trades in 10 milliseconds.
Noted academic Frank J. Fabozzi will serve as senior adviser to ETF and index research firm IndexIQ Inc.
Pyramis Global Advisors, a Fidelity Investments Co. subsidiary, has appointed Daniel E. Crowe as a portfolio manager of mid-cap growth equities for institutional clients.
Bear Stearns Broker-Dealer & Investment Advisor Services has expanded its mutual fund platform.
The cost of owning mutual fund shares fell to the lowest levels in more than a quarter century last year.
Compensating brokers for servicing mutual fund shareholders was anticipated by the SEC when it first adopted12(b)-1 fees in 1980.
The American Stock Exchange has begun trading in First Trust Value Line 100 exchange traded fund, an ETF converted from a closed-end fund.
PHILADELPHIA — Rydex Investments is emphasizing its exchange traded funds in talks with firms interested in acquiring the company, according to sources.
Barclays Global Investors of San Francisco has launched the iShares Dow Jones EPAC Select Dividend Index ETF on NYSE Arca today.
Columbia Acorn has increased the minimum initial investment for Columbia Acorn Select accounts from $50,000 to $100,000.
Taxing some private equity firms as corporations could result in the funds themselves being taxed the same way.
Marsico Capital Management founder and chief executive Thomas F. Marsico has agreed to buy back management firm from Bank of America.
The Vanguard Group Inc. today said it has added AXA Rosenberg Investment Management LLC to the advisory teams of the $12.8 billion Vanguard Explorer Fund and the $1.6 billion Vanguard U.S. Value Fund.
Wachovia Securities has been added to a lawsuit challenging the legality of firms’ bank deposit sweep programs.
PowerShares will launch five new internationally focused ETFs on the American Stock Exchange tomorrow.
