Van Eck Global launched trading of the Market Vectors–Coal ETF on the New York Stock Exchange today.
This is the year for the SEC to settle the 12(b)-1 issue. Securities and Exchange Commission Chairman Christopher Cox has pledged to examine the fee system, questioning whether the use of 12(b)-1 fees has moved away from the original intent, which was to cover marketing and distribution expenses.
As 2008 gets under way, publicly traded money manager stocks' ability to hold up to the market pressure that felled other financial services stocks last year is being questioned.
Assets invested in exchange traded funds grew by $32 billion, or 5.5%, to $608 billion in November.
Despite fierce competition, mutual fund net sales will grow at 2% annually, hitting $340 billion by 2012, FRC predicted.
The center features a search functionality that allows customers to identify ETFs that meet certain investment criteria.
European assets in ETFs surged 27% to €89 billion ($131.2 billion) in 2007, according to data released by Deutsche Bank.
Putnam Investments is paying the price for calling the bottom in financial stocks too early.
If advisers haven't heard of extensible business reporting language, or XBRL, they soon will.
The SEC is looking at capping the 12(b)-1 marketing and sales charge fees that fund investors pay and is preparing to issue a proposal early this year concerning the approximately $12 billion a year paid in such fees.
The fund is designed to give investors exposure to investment-grade municipal bonds with a nominal maturity of 17 years or more.
The mutual fund industry will let its hair down this year, introducing ever more exotic, hedge-fund-like products that make even greater use of complicated vehicles such as derivatives, according to some industry experts.
A woman's place is in the House and Senate, said the late feminist and congresswoman Bella Abzug. Today, include the marketplace as well.
The basic premise behind the management of the Managers AMG Essex Small/Microcap Growth Fund (MBRSX) is finding good companies that few other analysts have yet to identify as prospects.
The inflows slowed substantially as investors poured more money into exchange traded funds.
Jackson National Life Insurance Co. today added a pair of new portfolios to its retail mutual fund lineup.
Asset levels hit $13 trillion in December, gaining approximately $1.8 trillion from the beginning of the year.
The Vanguard Group has launched ETFs on the NYSE Arca today, which seek to track three MSCI Indexes.
Evergreen Investment Management has launched three new diversity equity mutual funds.
