Mutual Funds
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Global X Hits $500 Million AUM; BlackRock Ranks It Fastest-Growing ETF Firm
By Joyce HansonWith 14 exchange traded funds (ETFs) brought to market in the last 20 months, Global X Funds reached the $500 million threshold in AUM. BlackRock says Global X Funds is the fastest-growing ETF provider in the U.S., up 318% year to date.
September 13, 2010
Schwab Targets Gen Y With New Facebook PageTo engage Gen Y'ers where they spend their time, Charles Schwab has launched a Facebook page that focuses on helping 20-somethings improve their everyday money behaviors.
September 10, 2010
J.P. Morgan Funds Introduces Research Equity Long/Short FundJ.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
S&P Launches Equal-Weighted Version of Its S&P GSCIStandard & 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
U.S. Global Investors Reports Earnings2010 revenues, earnings and cash flow improve over 2009 levels.
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.