Mutual Funds
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S&P Launches Equal-Weighted Version of Its S&P GSCI
By Joyce HansonStandard & Poor's is launching an equal-weighted version of its popular S&P GSCI commodities index. Called the S&P GSCI Equal Weight Select Index, the new index comprises 14 commodities in the world production weighted S&P GSCI.
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.
September 09, 2010
Finance-Sector IPO Pipeline Frozen in Place: Renaissance CapitalSince July 8, when Fortune Bank shelved its $360 million IPO, a total of 11 filings in the finance sector have not gone to market, according to data from Renaissance Capital. Those 11 filings are just a fraction of the total 168 IPOs that have stalled.