PIMCO Plans Foreign Currency Strategy ETF
PIMCO has plans for another actively managed ETF. The new ETF will be the PIMCO Foreign Currency Strategy ETF, to add to its current roster of 13 other ETFs. PIMCO announced earlier this year an ETF version of their massive Total Return Fund is also in the works. For original article, click here.
ETF Securities – Potential Billion Dollar IPO
ETF Securities is reportedly considering the option of a potential $1 billion dollar IPO. Investment bankers have said that Citigroup and Bank of America Merrill Lynch have been retained to discuss strategic options, although both banks and ETF Securities have declined comment. Last month Millennium Technology Value Partners announced an investment of $70 million in [...]
iShares MSCI New Zealand Investable Market Index Fund
BlackRock, Inc. (NYSE: BLK) today announced that the iShares Exchange Traded Funds (ETFs) business, the world’s largest provider of ETFs, launched the iShares MSCI New Zealand Investable Market Index Fund (ENZL) on the NYSE Arca today.
iShares Opens ETFs to Eager 401k Investors
iShares’ new “Shares in 401(k) Program” is making a splash with 401k investors. The program, which is designed for financial advisors, makes it easier for advisors to direct 401k investments into exchange-traded funds. iShares has accepted a variety of Preferred Partners and a group of other partners through its Preferred Network. It has plans to [...]
CurrencyShares Exchange Traded Products Declare Monthly Distributions
Rydex Investments today announced the distribution declarations for seven CurrencyShares exchange traded products: CurrencyShares Australian Dollar Trust (NYSE: FXA), CurrencyShares British Pound Sterling Trust (NYSE: FXB), CurrencyShares Canadian Dollar Trust (NYSE: FXC), CurrencyShares Euro Trust (NYSE: FXE), CurrencyShares Mexican Peso Trust (NYSE: FXM), CurrencyShares Russian Ruble Trust (NYSE: XRU), and CurrencyShares Swedish Krona Trust (NYSE: [...]
