The 10 international-sector SPDR ETFs are use as benchmarks a series of the S&P World ex-U.S. broad market indexes.
There will be conintued stresses "until the housing market stabilizes further," said Treasury secretary Henry Paulson.
The SEC has released its second ComplianceAlert aimed at providing guidance to chief compliance officers.
Wachovia reported a second-quarter loss of $8.9 billion, or $4.20 per share, while slashing its dividend by 87%.
Although financial advisers are the key drivers in the generation of hedge fund sales, it appears the hedge fund industry and advisers aren't connecting as well as they might, according to a new study.
Stung by media and union criticism that their proxy votes are in the pockets of corporate management, the mutual fund industry is fighting back.
Compliance costs rose 65%from January 2007 through March 2008 for more than 400 investment advisory firms surveyed by four organizations involved in the advisory business.
The Charlotte, N.C.-based bank booked second-quarter net income of $3.41 billion compared to $5.76 billion in the year-ago period.
A growing number of investors are looking beyond conventional office buildings and shopping malls, and parking their cash in the infrastructure that surrounds them — in particular, toll roads, bridges, electrical transmission lines, communication lines and pipelines.
