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Fidelity Investments of Boston plans to add an open-end floating-rate bank loan fund to its Fidelity Advisor Series II family of funds, according to an SEC filing.
July 31 -
Water Island Capital of New York has filed a registration statement with the SEC to offer the Arbitrage Funds. The funds will invest at least 65 percent of their assets in companies involved in mergers or acquisitions.
July 31 -
The New York Stock Exchange will begin listing exchange-traded funds in the fall, said Richard Grasso, CEO of the New York Stock Exchange. The majority of exchange-traded funds are currently listed on the American Stock Exchange.
July 24 -
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