Mutual Funds
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J.P. Morgan Funds Introduces Research Equity Long/Short Fund
By Joyce HansonJ.P. Morgan Funds, the mutual fund arm of JPMorgan Chase & Co., has launched the JP Morgan Research Equity Long/Short Fund, the company announced Friday, September 10.
September 10, 2010
PowerShares to Launch ETFs Using KBW IndexesInvesco PowerShares announced Thursday, September 9, that it had signed an agreement with Keefe, Bruyette & Woods (KBW) to license four KBW indexes.
September 10, 2010
European Fund-of-Funds Market to Surge: CerulliAccording to a report released Friday, September 10, by Cerulli Associates, European fund-of-funds market growth is expected to hit 80% over the next five years, expanding by nearly 250 billion euros.
September 10, 2010
Senate to Explore Expansion of Covered Bonds in U.S.Christopher Dodd (D-Connecticut), Senate Banking, Housing and Urban Affairs Committee Chairman, plans to hold a hearing on Wednesday, September 15, to explore the possible expansion of covered bonds in the United States.
September 10, 2010
Vanguard Introduces Series of Low-Cost Index Mutual Funds and ETFsAs was expected, Vanguard has filed registration statements with the SEC to introduce a broad range of new index mutual funds and ETFs based on Standard & Poor's domestic stock indexes.
September 10, 2010
Bond Boom Good for PIMCO, But Not for Economy, says El-ErianThe bond group also plans more equity funds, as leaders Gross, El-Erian and McCulley give the Obama Administration policy prescriptions for turning the U.S. economy around.
September 10, 2010
Bond Boom Good for PIMCO, but Not for U.S. Economy, El-Erian SaysPIMCO's CEO and Co-CIO Mohamed A. El-Erian says business at the bond shop is "booming," which is not a good sign for the U.S. economy, he told Bloomberg in a radio interview on Friday, September 10.
September 10, 2010
SEC to Expand Circuit Breakers to Russell 1000 Stocks, Some ETFsThe Securities and Exchange Commission (SEC) approved new rules submitted by the national securities exchanges and FINRA on Friday, September 10.