Claymore Securities Inc. has launched an exchange traded fund designed to profit off of companies in the luxury goods-and-services market.
The new ETF tracks the Morgan Stanley Capital International Europe, Australasia and Far East index.
PHILADELPHIA — Morningstar Inc., the mutual fund research company, is backing off its long-held position that fund boards that oversee multiple funds are less effective stewards than those responsible for just a few funds.
BOSTON — Say goodbye to the Green Mountain Boy. As part of an ambitious growth strategy designed to get its mutual funds noticed by distributors, Montpelier, Vt.-based Sentinel Asset Management Inc. is retiring its decades-old icon.
PHILADELPHIA — An exchange traded fund that invests in municipal bonds is expected finally to become a reality — a prospect that excites some financial advisers.
WisdomTree Trust will launch a new dividend-weighted exchange traded fund tomorrow on the NYSE.
ETF assets fell to $478 billion in June from $480 billion in May, according to State Street Global Advisors.
Mutual funds will now be subject to a new rule that prohibits fraud in hedge funds and other private investment pools.
Claymore Securities Inc. has teamed up with Zacks Investment Research to launch two exchange traded funds on the American Stock Exchange today.
PHILADELPHIA — Although iPath exchange traded notes have amassed more than $2.6 billion since making their debut more than a year ago, their appeal remains a mystery to some industry experts.
BOSTON — Fidelity Investments and American Funds lagged behind The Vanguard Group Inc. in stock and bond mutual fund sales for this year through May as investor appetite for low-cost index and exchange traded funds increased.
Forget expense ratios. Portfolio trading costs can be an even bigger drag on mutual fund performance.
Old Mutual of London is planning to significantly expand its asset-management division in the U.S., according to MarketWatch.
Robert Lyon, former CEO and CIO of Institutional Capital Corp., died earlier this week at the age of 57.
Ameristock Corp. today announced the launch of trading in five new U.S. Treasury exchange traded funds on the American Stock Exchange today.
Fund managers are keeping their powder dry, saying "nothing is really cheap" right now.
Fidelity has bought back preferred shares from stockholders, possibly paving the way for a new ownership structure.
Claymore Securities has launched two exchange traded funds on the American Stock Exchange today, themed on brokerages to vaccines.
On average, every dollar that funds spend on trading costs translates into a roughly 42-cent reduction in fund value, Virginia Tech Professor Gregory Kadlec said today.
