PowerShares Pulls Plug on 19 ETFs

Invesco PowerShares Capital Management has announced its plan to liquidate 19 exchange-traded funds (ETFs) within its family. The final day of trading for the ETFs listed below will be on May 18, 2009. –PowerShares Dynamic Aggressive Growth Portfolio (PGZ) –PowerShares Dynamic Asia Pacific Portfolio (PUA) –PowerShares Dynamic Deep Value Portfolio (PVM) –PowerShares Dynamic Europe Portfolio […]

Dow Jones Suspends Hedge Fund Index

An index that tracks hedge fund strategies with distressed securities has temporarily suspended publication, Dow Jones announced early Monday.  The Dow Jones Hedge Fund Distressed Securities Strategy Benchmark will remain closed indefinitely, the index provider added in a statement.  It said the “decision to halt publication of the benchmark is a result of market conditions […]

SEI Selected by Global X Management to Provide Turnkey Solution to Support Their Exchange Traded Funds

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 […]

New BGI Program Highlights 401(k) ETF Providers

Financial advisers looking to access exchange-traded funds for their 401(k) accounts may find the search is easier with the launch of a new Barclays Global Investors program that is designed to highlight administrative providers and networks that enable the use of ETFs in 401(k)s.   See Story: Why the Case For ETFs In 401(k) Plans Just […]

Tight-Fisted Investing

Keeping costs low is a top priority of this financial adviser. If you don’t need a lot of advice, he says, why pay for it? Low costs and a blend of stock- and bond-index funds are the hallmarks of the investment philosophy of Richard Ferri, chief executive of investment-advisory firm Portfolio Solutions LLC in Troy, […]

State Street Global Advisors rolls out new ETF

State Street Global Advisors, the investment management arm of State Street Corporation, has launched the SPDR KBW Mortgage Finance ETF. According to State Street Global Advisors, the SPDR KBW Mortgage Finance ETF is the first exchange traded fund (ETF) to provide US investors with precise access to equities in the mortgage finance industry. The SPDR […]

REITs’ Rise Sets Back Day Traders

For months, “day traders” and hedge funds have locked onto real-estate companies’ stocks to make short-term market bets, causing volatility and adding to turmoil in the industry. But after several large stock offerings, the conditions that made such trades profitable may be shifting. A year ago, the day-trading of real-estate stocks might have seemed like […]

Investors see bright future in wind energy ETF

Because many wind energy companies are foreign-based there are always geopolitical and currency risks to weigh. Investors also will want to be wary of emerging companies with unproven ideas. At a minimum, you’ll want to be sure that the company is well capitalized and has a strong business model. When investing in a fund, such […]