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The Fortune Group has licensed State Street Global Advisors of Boston to manage two exchange-traded funds based on the Fortune 500 and Fortune e-50 stock indexes. SSGA filed a registration statement with the SEC last week for both of the exchange-traded funds, the Fortune 500 Index Tracking Stock and the Fortune e-50 Index Tracking Stock, according to Fortune.
July 24 -
If funds want to offer exchange-traded funds, they might be wise to follow SSB Citi Asset Management Group of New York and Whatifi.com of San Francisco and start by launching traditional index funds, according to some industry analysts.
July 24 -
Fund companies are increasing their efforts to provide advice to 401(k) plan participants in order to develop a relationship that will steer a greater percentage of the assets rolled over from 401(k) plans to them, according to industry analysts.
July 24 -
Exchange-traded funds are variously seen as new products that will radically change the mutual fund industry or the latest novelty that will fleetingly appeal to fickle investors and then be forgotten.
July 17 -
With the volatility of the equity market showing no sign of lessening, some fund companies are taking steps to protect investors from that volatility.
July 17 -
MutualFunds.com of Boston will launch its website this fall as a mutual fund site targeting three audiences - investors, mutual fund companies and financial advisors.
July 3 -
Waddell & Reed of Overland Park, Kan., will add two new share classes to its Waddell & Reed fund family in order to target supermarkets, 401(k) plans and wrap programs, the company announced last week.
July 3 -
NEW YORK - Discretionary, separately- managed accounts have been commanding growing attention as alternatives to traditional mutual fund investing for wealthy individuals.
June 26 -
Although exchange-traded funds will not supplant mutual funds in the near future, they will be the driving force behind industry changes in the next decade, creating opportunities for some firms and threatening others, according to a recent study.
June 19 -
Fidelity fund customers will be able to gain access to their accounts and buy and trade fund shares through wireless devices by late summer, making Fidelity the first fund company to both provide fund customers information and enable them to gain access to their accounts over wireless devices, according to Fidelity Investments of Boston.
June 19