ETF Report

 Misunderstood ETFs: debunking some common myths

As with any novel product or concept, misconceptions will flourish. Exchange-traded funds are no exception. Although they have been around since 1993 when the American Stock Exchange introduced the Spider, an investment vehicle that tracks the S&P 500 and trades intraday, ETFs have only recently achieved limited recognition among the investing public.

ETF Report

 Setting the Stage for Actively Traded ETFs

Exchange-traded funds have caught on fast, expanding from $33 billion in December 1999 in assets on the American Stock Exchange to more than $50 billion in September this year.

Journal Of Indexes

J.P. Morgan's European Credit Approach

J.P. Morgan Securities Ltd. launched an index for European credit default swaps,
known as the ECSI, on March 1.

Journal Of Indexes

Swapping Your Way Into European Credits

J.P. Morgan has introduced an index of credit exposure to Europe based on credit swaps. It is intended to solve a difficult problem for traditional bond investors: How to build a balanced investment in the European fixed-income market. It achieves much broader diversification than existing credit indexes that track outstanding bond issuance. The principle may be applicable to other credit markets.

Journal Of Indexes

Dealing With The Active

Granted that active managers cost more for many reasons than passive managers and on average have performed worse, what can you do about it?

Journal Of Indexes

Here, At The S&P 500

The stocks in the index most widely used by the financial industry are determined by a combination of general guidelines and the human judgment of a nine-person committee.

Journal Of Indexes

What Kind of Portfolio

The author draws on his portfolio management experience and passes along his thoughts on
approaches to the problem of managing large-scale equity diversification.

Journal Of Indexes

Internet Indexes — The Beat Goes On