ETF Report

 Portfolio Company Sues Merrill Over Inclusion in HOLDR

"Defendants reap profits, companies shoulder the expenses"

Journal Of Indexes

Bloomberg Enters Index-Licensing Business

Bloomberg LP has raised a large family of indexes for years, including U.S. state and regional stock indexes and its Bloomberg European 500 Index. However, it hadn’t moved to capitalize on the index-investing trend of the 1990s as many other index providers, including Dow Jones, Morgan Stanley Capital International and Standard & Poor’s, have done.

ETF Report

 The art of arbitrage

When the Spider was launched, its success and appeal derived in part from its ability to be arbitraged. The arbitrage mechanism, attending ETFs in general, was designed into that original product in 1993, and attracted the attention of the Securities and Exchange Commission.

ETF Report

 Room to share: Stretching the S&P 500 thin

It’s true that almost every mutual fund company offers some sort of index fund based on the S&P 500 benchmark, often attracting a fair share of the pie for index products. But the mutual fund industry is a multitrillion-dollar industry with plenty of room for products that appear to be very similar.

ETF Report

 ETFs May Change, but HOLDRs are Forever

Though they are often set aside or excluded in discussions about exchange-traded funds, the assets under management for Merrill Lynch’s Holding Company Depositary Receipts, or HOLDRs, have been growing steadily right alongside standard ETFs.

Journal Of Indexes

Diversifying Via Sectors

New Sector Indexes Offer Some Advantages

ETF Report

 The Rise of Global Sector Investing

The last month has seen the launch of tradable blue chip global sector indices by FTSE and Dow Jones. Introduced on February 12 and developed in consultation with Merrill Lynch, the FTSE global sector indices cover 11 sectors.

ETF Report

 ICF: Barclays’ new REIT iShare

Some in the ETF industry think that Barclays’ new iShares Cohen & Steers Realty Majors Index Fund, launched February 2 with an undisclosed amount of startup capital, will appeal to institutional investors; others consider it a retail product. Barclays says it has appeal in both spheres.