State Street Global Advisors announced five new fixed-income SPDR ETFs will begin trading on the American Stock Exchange tomorrow.
WASHINGTON — The Securities and Exchange Commission is on a roll in the courts — but not a good one.
RiverSource Funds — formerly American Express Funds — ranked as last year’s third-best-performing mutual fund group by one measure and now is waging a battle to improve its image and reverse investor outflows by sometime next year.
Arbitrageurs looking to profit from the annual reconstitution of the small-cap Russell 2000 Index next month will have a more difficult time of it this year, according to some industry experts.
PHILADELPHIA — First Trust Advisors LP is betting that investors will want exchange traded funds that seek alpha.
One-third of investment management firms will increase their use of outsourcing over the next two years.
Pioneer Investments today has launched the Pioneer Diversified High Income Trust.
Lipper Inc. of New York announced today it has created a suite of target-risk fund benchmarks made up exclusively of exchange traded funds.
Euronext NV today reported a 4.4% profit loss during the first quarter, due to a reclassification of the company’s stake in LCH.Clearnet.
The Vanguard Group Inc. announced it filed a registration statement with the SEC for its fifth international exchange traded fund.
Morningstar Inc. has announced that Claymore Securities Inc. has licensed three Morningstar Super Sector Indexes to create three new exchange traded funds.
The American Stock Exchange today launched trading in the Claymore S&P Global Water Index ETF, the first exchange traded fund to cover the global water industry.
PHILADELPHIA — Mid-cap stocks rank among the best- performing mutual funds, but they remain a tough sell to investors, industry experts say.
DETROIT — The three-year assault on mutual fund style boxes as an evaluation and asset allocation tool has moved to the beta-testing level by a firm that seeks to turn the traditional grid system inside out.
The Securities and Exchange Commission is examining disclosures for 401(k) plans and is looking at ways to provide 401(k) information using interactive software, SEC Chairman Christopher Cox said last week.
After launching 17 exchange traded funds on the American Stock Exchange yesterday, First Trust Advisors LP today moved over to the New York Stock Exchange to list three more funds.
Despite the continued – if slowing – growth of hedge funds, mutual funds will continue to dominate money management for the foreseeable future, said market observers at the ICI annual conference today.
The American Stock Exchange began trading 17 exchange traded funds managed by First Trust Advisors LP this morning.
Van Eck Global launched the Market Vectors-Global Alternative Energy Exchange Traded Fund on the New York Stock Exchange today.
Mutual fund companies are starting to slow the pace at which they hire legal and compliance officers, according to several industry experts. With the mutual fund scandals receding into the past, such a trend was inevitable, they said.
