Schwab Cuts Fees on 24 Mutual Funds, Plans ETFs

Schwab told investors last month it expects to lose as much as $200 million in revenue this year from reducing fees on money market funds because of a drop in interest rates. Those fees may be reinstated once the Federal Reserve raises interest rates from their current near-zero level, Merk said. Schwab lost 15 cents […]

WisdomTree and Dreyfus Launch Emerging Currency Fund (CEW)

NEW YORK–(BUSINESS WIRE)–WisdomTree (Pink Sheets: WSDT), a leading ETF sponsor and index developer, and The Dreyfus Corporation, part of BNY Mellon Asset Management, announced today the listing of the WisdomTree Dreyfus Emerging Currency Fund (CEW) on the NYSE Arca with an expense ratio of 0.55%. Bruce Lavine, WisdomTree President & COO commented, “Our new Emerging […]

SSgA Files For A Third Preferred Stock ETF; The SSgA ETF would compete head-to-head against two others already on the market.

State Street Global Advisors has filed to launch an exchange-traded fund that would invest in nonconvertible preferred stocks. It would trade on the NYSE Arca and seek to replicate the Wells Fargo Hybrid and Preferred Securities Aggregate Index. No cost information was supplied in the filing. Full Story: http://www.indexuniverse.com/sections/newsinfocus/5803-ssga-files-for-another-preferred-stock-etf-.html

3 Ways To Earn Your Future Back

……Take a moment to visualize the pervasive atmosphere of 2007. Predominantly good news and overly optimistic news coverage made the future look bright. The Dow Jones (NYSEArca: DIA – News) crossed 14,000 for the first time ever, producing the general consent that the bull market was here to stay. Rather than giving the stock market […]

Are ETF’s Scaring Investors?

Large investors like hedge funds and pension funds have embraced ETFs, and Wall Street is now wondering if that’s good for business. Since the credit crisis sent the stock market on its wild ride, ETFs — baskets of stocks that trade on exchanges — have grabbed a bigger and bigger share of overall stock trading […]

Is Your ETF On DEATHROW?

The number of exchange-traded products on Deathwatch decreased for the second month in a row.  It would be premature to declare that the peak is now behind us, because I would not be surprised to see additional recession-related declines in trading activity for some ETFs in the months ahead.  This month’s list contains 155 names, […]

Fidelity investments adds IQ ALPHA Hedge Strategy Fund to mutual fund platform

The IQ ALPHA Hedge Strategy Fund – the first no-load, open-end mutual fund to bring hedge fund-style investing to retail investors – has been added to the Fidelity Investments mutual fund platform. The no-transaction fee Investor Class Fund is available through Fidelity Investments with a minimum required investment for first-time shareholders of USD2,500. The Institutional […]

Stocks surge; S&P 500 turns positive for 2009

NEW YORK (AP) — The Standard & Poor’s 500 index is up for the year. And for once, it was the housing market that sent stocks soaring. The S&P 500, considered Wall Street’s most important indicator, bounded up 3.4 percent Monday and erased the last of its losses for 2009. And the Dow Jones industrials […]