Vanguard CIO Gus Sauter on How Firm Keeps Costs Low, Works With Advisors: ETF Leader Interview
Vanguard's CIO talks about how the firm keeps costs low, why broad-based commodity exposure is prudent, and the confusion regarding economic growth and investment returns.
S&P Puts Bank of America and Citigroup on "Negative" Outlook
Standard & Poor's has revised the outlook for Bank of America Corp. and Citigroup Inc. to "Negative" from "Stable." For both companies S&P affirmed ratings.
Barclays Launches Single-State Muni ETFs
Barclays Global Investors has announced the rollout of California and New York state-specific municipal bond ETFs, which are listed on the American Stock Exchange and began trading on October 5. New York and California are two states with high state income taxes and many high-income residents, which my make these...
S&P Changes Sector Weightings For Materials, Utilities
Standard & Poor's Equity Strategy has changed two sector recommendations and now advises a marketweight position in the utilities sector, previously underweight, and an underweight position in the materials sector, previously marketweight.
Market Wizards Earn AA S&P Rating
LONDON (HedgeWorld.com)--Standard & Poor's gave the Market Wizards Fund a AA rating for fund management following a qualitative evaluation of the fund's investment process and its management by the British firm Fortune Asset Management. The S&P report on the fund noted its "disciplined process, experience of the key team members...
Financial Services At The Center Of M&A Party
With private equity giant Blackstone Group taking over Equity Office Properties Trust, Nasdaq Stock Markets bid for the London Stock Exchange, and Bank of America's plan to buy Schwab's U.S. Trust division, financial services are in the thick of the merger-mania that is sweeping global markets.
Bob Shearer of Merrill Lynch Equity Dividend Fund
S&P Rank: 5 Stars Dividends Help Smooth The Ride
Eileen Rominger of Goldman Sachs Mid-Cap Value Fund
S&P Rank: 5 Stars August 4, 2003 Quality Helps Check Risk Quick Take: Eileen Rominger, manager of Goldman Sachs Mid-Cap Value/A (GCMAX), stresses attractively priced stocks of quality...
BOTCC's Flirtation with Eurex Cost It CBOT Clearin
CHICAGO (HedgeWorld.com)--Ending a 78-year-long relationship with the Board of Trade Clearing Corp., the Chicago Board of Trade announced April 16 that it will hereafter clear...
GE to Axe Three Funds
Dec. 17, 2002 -- Genl Electric (GE) plans to eliminate three retail mutual funds because they have failed to attract investments. The company's GE Asset Management...