One strategy out of the nine that currently make up Univest Ltd, Norshield’s flagship fund of hedge funds, is a Tactical Trading model that assesses risk in the US equity market.
As the equity markets rallied throughout 2003, every US equity-focused ETF ended the year in positive territory.
Barclays Global Investors launched its iShares Lehman Treasure Inflation Protection Bond Fund (TIP) on the New York Stock Exchange in early December 2003.
It’s a popular new exchange-traded fund with a catchy nickname to match its ticker symbol, and the new US dividend tax law seems tailor-made for its marketers.
Funds listed on XTF (the Deutsche Börse’s electronic trading platform launched in April 2000 for ETF trading and actively managed funds) showed a substantial increase in volume in 2003.