May 4, 2009: SEI (Nasdaq: SEIC) today announced that it has been selected by Global X Management Company to provide a fully integrated, turnkey solution to support the firm's global exchange traded funds (ETFs). SEI's integrated ETF solution is designed to help investment managers meet the emerging market demand for launching new ETF products, while supporting greater transparency and efficiency. It also provides an efficient way for managers to enter the market quickly with limited investment.
Under the terms of the agreement, SEI will provide a complete outsourcing solution that includes fund administration, accounting, investor servicing, distribution and authorized participant (AP) processing for Global X's ETFs in a straight-through electronic processing environment. SEI was selected following a thorough search process that included the major providers in the ETF space. The company's best-in-class approach, scalability, and straight-through processing environment were pointed to as key factors in the decision.
"SEI's fully integrated solution provides a comprehensive, single source environment that isn't possible when working with multiple vendors," said Bruno del Ama, CEO of Global X Management. "We are launching funds in different countries and SEI's experience and knowledge in the ETF business is a big advantage for us. We know that they have the depth to service us now and, more importantly, they have the ability to scale this offering with us as we grow - and that's critical." SEI is the leading processor for ETF trades for authorized participants. With the first family of ETFs, Global X is launching global ETFs focusing on the Nordic region, Colombia, Argentina, Peru, Philippines, and Egypt.
Full Story: http://www.cnbc.com/id/30558284/site/14081545
No one knows if 2008 was an anomaly or the beginning of a prolonged missile attack similar to the 1930s. Investors need to realize that sticking to their investment plan is essential, and that the investment principles of diversification, tax efficiency, and cost containment will work over the longer term.
It is true that investors who purchased equities at the peak in1929 weren’t made whole until 1949, but those investors who abandoned equities for cash after the crash waited much longer to break even. For investors owning equities at the nadir of the decline in 1932 experienced the best returns ever for equities over the ensuing 5, 10, and 20 year periods.
Even the current yield on equity instruments should calm investors nerves. Today, investors could guarantee their return for the next 10 years by purchasing a Treasury bond. They would earn roughly 2.8% for the next decade. Or, investors could buy an equity ETF and capture a much higher yield.The high yielding WisdomTree Total Dividend Fund (NYSEArca: DTD) currently yields 4.24%. The PowerShares International Dividend Achievers Index (NYSEArca: PID) boasts a 5.26% yield while the iShares Dow Jones Real Estate (NYSEArca:IYR) provides investors a 12.5% yield.