
You’re right, Jim: These ETFs are providing price discovery and testing all those mythical investment claims you here about.
ETF Marketing Race Heats Up
The battle for ETF assets is heating up. Investment News reported that State Street Global Advisors (SSgA) raised wholesaler compensation for ETF sales and lowered the amount it pays for mutual fund and separately managed account (SMA) sales, as it looks to chip into BGI’s dominant position in the ETF industry.
Socially responsible investing (SRI) has existed at the edges of the finance world, acknowledged by but rarely a part of the financial mainstream. Rising awareness of topics like global warming and violence in Sudan, however, have coincided with the explosive growth of ETFs to give both individual and institutional investors new choices...
New research from Morgan Stanley found that inflows into U.S.-listed ETFs topped $11.6 billion in the first three months of 2007, bringing total ETF assets in the U.S. to approximately $480 billion. That actually represents a significant slowdown in asset growth, as it calculates out to just 10 percent annualized growth. In comparison, the industry grew 40 percent in 2006.
PowerShares further expanded its line-up of international exchange-traded funds (ETFs) this week with the launch of five new products on the American Stock Exchange (AMEX).
Van Eck has joined the race to capitalize on the growing interest in alternative energy. The company, which has its roots in commodities management, launched the Market Vectors Global Alternative Energy (NYSE: GEX) in early May. It is Van Eck’s sixth exchange-traded fund (ETF).