The ETF 50 Index increased 4.7% in September, marking its largest monthly gain this year.
New legislation is being written as congressional interest in 401(k) fee disclosure rules heats up in advance of a round of hearings set for this week.
The Vanguard Group today filed for a new series of mutual funds designed to provide monthly payments to retirees.
The PowerShares International Listed Private Equity Portfolio has generated quite a lot of buzz.
Total assets of the 546 ETFs listed in the U.S. rose 3.7% to $507.11 billion in August.
Assets in Asia-based mutual funds—excluding those based in Japan—hit a high of $652 billion in 2006, according to a report from Boston-based Cerulli Associates.
The Vanguard Group yesterday filed with the Securities and Exchange Commission to offer three index funds.
Envestnet Asset Management Inc. is bringing the PMC brand name back and giving the unit its own sales force.
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.
