With growth-oriented stocks poised to make a comeback, many mutual fund companies may soon be forced to weigh the power of lessons learned from the burst of the dot-com bubble against the allure of growth.
The firm, with $100 million in assets under management, focuses on introducing exchange traded funds.
Agustin “Gus” J. Fleites is now the president of IndexIQ Advisors, a new asset management subsidiary of IndexIQ.
Despite a downturn in private-equity returns, two new exchange traded funds providing investors access to that space may soon be launched. The proposed ETFs — one from PowerShares Capital Management LLC of Wheaton, Ill., and the other from Barclays Global Investors of San Francisco — would join what is the only private-equity ETF in existence: the PowerShares Listed Private Equity Fund.
U.S. ETF assets rose 13% in August, with inflows of $22.2 billion, according to a report by State Street Global Markets.
On average, the securities in the SPDR Lehman Municipal Bond ETF index have a credit quality of AA1/AAA.
The addition of the 26 funds is the result of the recent Bank of America acquisition of U.S. Trust Corp.
The iShares S&P National Municipal Bond Fund from Barclays Global Investors won’t be the last.
The subprime-mortgage crisis, pushed along by the high-profile collapse of two Bear Stearns Cos. Inc. hedge funds this summer, is turning out to be a boon for money managers looking to pick up bargains.
Recent market volatility has been good for ProShare Advisors LLC. The gyrations have drawn attention to its 52 exchange traded funds, all of which use leverage to provide short or magnified exposure to various indexes.
Van Eck Global launched the Market Vectors-Agribusiness ETF on the American Stock Exchange today.
ETF Insider's ETF 50 Index increased by 0.6% in August, following two consecutive months of declines.
PHILADELPHIA — Despite concerns from financial advisers, more mainstream mutual fund companies are spicing up their fund lineups with products that employ strategies long used by hedge funds.
CHICAGO — The seemingly endless quest for cost-effective alternative investments has increased the interest in collective trusts among employee benefit plan sponsors and financial advisers, though concern about transparency remains a hurdle.
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.
