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Friday, November 20, 2009
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Mutual Funds & ETFs
The following is the text of an email that Bruce Bond, chairman and CEO of Invesco Powershares, sent earlier this week describing his new role:
Bruce Bond is stepping down as chief executive of Invesco PowerShares Capital Management LLC, the exchange-traded-fund provider he founded in 2003.
ETF OpINion
What's wrong with actively managed ETFs?
Although actively managed exchange-traded funds are just in their infancy, many financial advisers and even some ETF providers have already written them off.
More financial advisers are now using exchange-traded funds than ever, but these investments still have a long way to go before they'll occupy a significant chunk of clients' portfolios.
Pacific Investment Management Co. LLC today launched its first actively managed exchange-traded fund, the second actively managed ETF that's been unveiled this week.
The Pimco Enhanced Short...
Eaton Vance Management and Invesco PowerShares on Tuesday announced new investment products offering exposure to the government's Build America Bonds stimulus program, which seeks to spur construction and repair projects by state and local governments.
New York Life Insurance Co. is looking to acquire one or more fund companies, according to one of the company's top executives.
Caterpillar Inc.'s announcement that it has reached a tentative settlement over the fees it charged its 401(k) plan participants may be bad news for plan sponsors, their advisers and mutual fund companies.
Investors should be careful not to let the “sticker shock” of the latest unemployment data derail them from their long-term investment strategies, according to Uri Landesman, head of global growth at ING Investment Management Americas.
Investors should take a cautious approach to the equity markets at this point in the stock market rally, according to Tim Knepp, chief investment officer of Genworth Financial Asset Management.
John Hancock Funds LLC is looking to double the size of the sales team that targets registered investment advisers to 12, according to Keith Hartstein, the company's president and chief executive.
A number of mutual funds — including one exchange-traded fund expected to launch tomorrow — are betting on a revival of corporate mergers and acquisitions.
Fidelity Investments experienced outflows in its long-term mutual funds in October — the first time the fund behemoth has seen net outflows in months.
Assets in the exchange-traded fund industry totaled about $689 billion as of Oct. 30, down 0.8%, or $5.3 billion, from a month earlier, according to a report last week from State Street Global Advisors.
Van Eck Global today launched its second gold exchange-traded fund, just as the price of gold was surging to a new all-time high.
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