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.
In an effort to catch industry leader Barclays Global Investors, State Street Global Advisors has raised the wholesalers’ compensation for effecting the sale of exchange traded funds and lowered the amount it pays for effecting sales of its mutual funds and separately managed accounts.
The SEC plans to decide by the end of the year whether to reform 12(b)-1 fees or eliminate them altogether, and proponents of both alternatives are poised to try swaying its decision.
Wachovia Corp.’s planned $6.8 billion purchase of A.G. Edwards Inc. could make an already competitive sales game even tougher for U.S. mutual fund firms, some analysts said.
WASHINGTON — The Senate Finance Committee has taken the unusual step of asking for public comment on a legislative proposal for a bill that would require brokers and mutual funds to report the cost bases of their customers’ securities transactions.
BOSTON — Thanks to a banner year on Wall Street, the 2006 bonus increase for employees at The Vanguard Group Inc. could be the biggest in more than a decade.
PHILADELPHIA — In a further sign of how exchange traded products are chasing more exotic strategies, Barclays Bank PLC of London has unveiled an exchange traded note that provides investors with exposure to a covered-call-writing strategy.
