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Warburg Pincus will invest $230 million in Primerica, the mutual fund and life insurance sales unit of Citigroup, in return for a 23% stake, filings show.
March 3 -
AdvisorShares and Peritus Asset Management have just filed with the Securities and Exchange Commission to offer the Peritus High Yield ETF, an exchange-traded fund that will invest in senior and subordinated corporate debt and loans across various industries and maturities with the goal of delivering both capital appreciation and high current income.
March 3 -
ProShares is planning to offer four international sector and three U.S. regional banking exchange-traded funds, which will bring its stable of ETF offerings to 99.
March 3 -
Direxion has launched a pair of long and short exchange-traded funds linked to the performance of short-term U.S. Treasuries, the Direxion Daily 2-Year Treasury Bull 3x Shares and the Direxion Daily 2-Year Treasury Bear 3x Shares. The funds are linked to the one-security NYSE Current 2-Year U.S. Treasury Index.
March 3 -
Ten of Vanguard’s index funds and corresponding exchange-traded fund share classes are now linked to updated MSCI 25/50 sector indexes that have expanded their concentration of holdings to comply with IRS diversification rules.
March 3 -
Direxion, in conjunction with sub-advisor IPOX Capital Management, has launched the Direxion Long/Short Global IPO fund, which will provide retail investors with institutional-style access to investment opportunities in the global initial public offering and spin-off market. The long portion of the portfolio will invest in promising IPOs one year old or less, and the short portion will seek out stocks in their second to fourth year that are expected to underperform.
March 3 -
Total assets in exchange-traded funds fell 5.8%, or $45 billion, in January from a month earlier, according to monthly data from State Street.
March 2 -
Mutual funds brought in $377 billion in assets last year, while exchange-traded funds attracted $104.1 billion and separately managed accounts garnered $80 billion, according to Morningstar’s Fund Flows and Investment Trends 2009 Annual Report.
March 2 - Money Management Executive
529 college savings plans have attracted $100 billion in 11 million accounts, roughly a quarter of the money parents in the U.S. have set aside for their child’s education. But that’s far short of the hundreds of billions of dollars asset management firms expected them to attract.
March 2 -
Hedge fund assets grew last year to $1.96 trillion, levels not seen since the pre-crisis days of 2007, according to Hennessee Group LLC, an adviser to hedge fund investors.
March 2