Research Magazine November 2008

Cover Story

Features

News

  • Replacing Stocks

    If the government won't give you a tax break, then create one for yourself. This is a philosophy I believe more financial advisors and their...

  • Bear Stearns Liquidates ETF

    Just months after being launched, the plug has already been pulled on the Bear Stearns Currency Yield Fund (YYY). The fund, which gained infamy for...

  • Has Gold Lost Its Mojo?

    After breaking the $1,000 an ounce barrier during the spring, gold's seemingly invincible run has hit a brick wall. Has gold lost its mojo? The price...

  • Pimco to Enter ETF Business

    The reputation of Pacific Investment Management Company (Pimco) as a shrewd bond fund manager has served the company well. Soon, everyone will learn if that...

  • Mutual Fund Converts to ETF

    It's been a rare occurrence, but some closed-end mutual funds are opting to become exchange-traded funds. To that end, Claymore Advisors announced that the shareholders of...

  • Claymore Launches Global Shipping Fund

    Claymore Securities, known for its narrowly focused exchange-traded funds, has just launched the Claymore/Delta Global Shipping Index ETF (SEA). The ETF tracks companies from the...

  • Bad News Inspiring Bearish ETFs

    The financial crisis that accelerated when Lehman Brothers Holdings (LEH) was pushed into bankruptcy protection sent chills through stock markets around the world. Exchange-traded funds...

  • Reflections on Finance's 'Revolution'

    By now, the snowballing financial crisis has gotten everyone's attention. With the damage approaching $1.4 trillion and counting, it is still too early to weigh...

  • How Target-Date ETFs Are Holding Up

    Target-date or life-cycle funds have been available on a mutual fund chassis for decades. In theory, this breed of a balanced fund automatically adjusts the...

  • The ETF 'Safety Net'

    Ford's Model T was the car that "put America on wheels". ETFs were the vehicle that brought sector investing from Wall Street to Main Street. Sector...

  • ETFs vs. Mutual Funds

    Earlier this year, during April, May and June, ETF Providers were busy launching new ETFs. Close to 110 new ETFs were unveiled in this three-month...

  • Looking Ahead

    We all know we live in a fast-paced world, but very few 12-month periods have seen as much change and commotion as the recent year....

  • New Horizons

    Hennessy Advisors President Kevin Rowell knows the mutual-fund industry inside and out, after work at Pioneer, Safeco, Putnam and other firms. He gave Research some...

  • Equity Funds Suffer, Bond Funds Mixed

    As the markets went through further volatility in reaction to the deepening crisis of confidence in the banking system, many mutual fund investors decided to...

  • Vanguard Mulls Fed Program

    Vanguard says that, as of September 30, it has yet to decide whether it will participate in the U.S. Department of the Treasury's program to...

  • Putnman Closes One Fund; Federated, Feds Step In

    Putnam Funds is participating in the U.S. Treasury's Money Market Guaranty Program, the company announced October 1. The program provides coverage to shareholders of Putnam's...

  • Ameriprise, TD Ameritrade Move to Protect Clients

    Ameriprise Financial is committing up to $33 million to protect clients who have invested in the Primary Fund, a money market mutual fund managed by...

  • The Changing Landscape

    As part of Bank of America's planned purchase of Merrill Lynch, BofA Chairman and CEO Ken Lewis has said that Merrill Lynch Chairman and CEO...

  • Q&A: Wirehouses Are Down, But Not Out

    Research spoke with Chip Roame, head of Tiburon Strategic Advisors in Northern California, about the latest news affecting the wirehouse firms and the industry. Research: What...

  • View from Wall Street: 'A Challenging Time'

    Paul Santucci, head of Field development and talent acquisition for wealth management U.S. at UBS, says that advisors are not leaving UBS "in droves," as...

  • AIG Advisors: What's Next?

    In early October, American International Group said it would "refocus the company on its core property and casualty insurance businesses, generate sufficient liquidity to repay...

  • Time for a Deep Breath

    These are interesting times, indeed, notes Jeff Testerman of www.brokerhunter.com in his latest employment report. The economy recently suffered its worst job loss since March...

  • Workers Nervous About Retirement

    If you've sensed increased concern about retirement income from your middle-aged clients, you're right, according to the results of a phone survey done for the...

  • IRAs: An Untapped Resource

    Individual retirement accounts (IRAs) have been around for years, but many taxpayers still fail to take advantage of the accounts, according to a recent study...

  • Balancing Predictability and Volatility

    The market's volatility has reinforced the need for diversification among income sources in retired clients' portfolios, and a recent study, "Four Strategies for Retiring Clients,"...

  • Five Questions for the Retirement Advisor

    What retirement issue has hit you or your clients out of left field, and how did you resolve it? Medical premiums. They can approach $1,200 a...

  • Selective Strength

    Insurers with better capital and assets, as well as superior underwriting and growing earnings, offer investors good opportunities at this time, analysts say. --- Jukka Lipponen, CFAKeefe,...

  • Research Revolution

    For years, Dennis Gallant was a well-known director at Cerulli Associates, leading the firm's consulting and new business development efforts. He was also responsible for...

  • Iron Man

    It was always James D. Nagengast's plan -- after eighty-sixing a teenage notion to be a doctor, lawyer or computer scientist -- to turn a...

  • Models and Reality

    Discussions with Retirement Income Industry Association board members, such as Tom Johnson from MassMutual, often start with this question: What are the core discussions that...

Voices/Columnists

  • The Undead Rise Again

    Chances are you will have this copy of the magazine in hand on or about Halloween, with its various ghostly phenomena. I would suggest that...

  • The Green Thing

    Green has always been the favorite color of financial advisors. Back in the early 1800s, when I was studying for my Series 7 exam, visions...

  • Global Observation

    In my last two articles, I laid out the patterns of globalization that are affecting the financial planning profession. In this final installment, I will...

  • Blueprint for Success

    When I was the chief marketing officer for an investment company, an up-and-coming manager requested an interview to pick my brain and get to know...

  • The Big Picture

    There used to be a commercial for kosher franks which checked off all kinds of chemicals, dyes, meat byproducts and other additives the government allowed...

  • Russian Lesson

    Earlier this year, when it became clear that the U.S. economy was at risk of a recession, some economists claimed that the global repercussions of...