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Although the State Street Investor Confidence Index is still below 100, indicating institutional investors’ appetite for equities and other risky assets is neutral, the index jumped significantly by 6.7 points to a reading of 96.7 in October—underscoring marked and continued improvement in institutional investors’ outlook.
October 25 -
State Street Global Advisors, the asset management business of State Street Corporation, has announced changes to the indices and names of five financial industry SPDR ETFs.
October 24 - Money Management Executive
PowerShares QQQ has signed on as the title sponsor of the Champions Series national tennis circuit in a multi-year contract that costs seven figures a year—significantly upgrading its event sponsorship solely in Chicago. The agreement kicks off with a 12-city tour featuring tennis icons Andre Agassi, Pete Sampras, John McEnroe and Jim Courier.
October 24 -
Having made changes to the fund’s investment capacity, the $6.6 billion Eaton Vance Macro Absolute Return Fund is reopened to additional investments.
October 24 -
The Department of Labor on Monday issued final rules on investment advice in 401(k) plans, largely in line with its initial definition of advice.
October 24 -
The Securities and Exchange Commission is warning financial firms that following the spirit of the law is just as important as the letter of the law.
October 24 -
A Bank of America Merrill Lynch survey of global fund managers makes it abundantly clear that just about everyone is sure Greece will default on its foreign debt obligations. And while this isn’t good news, the view from top money managers is that this eventuality has already been priced into the market and most are more optimistic about the global economy than they were last month.
October 24 -
Announcing changes that will likely affect wealth managers helping clients with tax planning, the IRS said earlier this week that many tax benefits for the 2012 tax year will increase due to inflation adjustments.
October 24 -
Putnam Investments is addressing the need for customized retirement income withdrawal strategies through the launch of the Putnam Retirement Income Lifestyle Funds, a suite of three income-oriented mutual funds, and a Retirement Income Analysis Tool.
October 24 -
The Securities and Exchange Commission has designated the Financial Industry Regulatory Authority as the agency to develop and maintain the system for hedge fund advisors to receive new registration forms for hedge fund advisers, for a filing fee of $150.
October 24