Features and News

First Trust Head Acquires Control

First Trust LP’s President James Bowen acquired control of the Wheaton, Ill.-based money management firm, and while the transaction won’t affect the day-to-day operations of any First Trust funds, the change of ownership means shareholders will have to approve the new management.

Journal Of Indexes

AROUND THE WORLD OF ETFs

Schwab Slashes Fees
Charles Schwab announced in mid-June it was cutting expense ratios on six of its eight ETFs, raising the stakes in its competition with other fund purveyors.

Schwab said its fees are now lower than those on any competing funds.

Features and News

McCall’s Call: Transport ETFs Create Choices

Trains, ships and planes are a great way to ride the fortunes of the economy, and the four transportation ETFs now available allow investors to pick their spots in an uneven recovery.

ETF Report

 SEA Sets Sail Again …

Early June featured a rather déjà vu moment with the "relaunch" of Claymore's well-known shipping ETF.

Journal Of Indexes

AROUND THE WORLD OF ETFs

Vanguard Offers Commission-Free ETF Trading
In early May, Vanguard raised the stakes on competitors by offering its brokerage customers commission-free trading on all 46 of its ETFs, joining the list of ETF providers that offer a way for investors to purchase funds free of charge.

Features and News

Claymore’s New ‘SEA’ ETF Sets Sail

Claymore delivers on its promise to relaunch its shipping-industry ETF ‘SEA’ after it was forced to close a previous version of the fund because of a sparsely attended shareholder vote.

Features and News

Claymore’s New ‘SEA’ To Set Sail Soon

Claymore’s first shipping ETF ‘SEA’ was sunk by a sparsely attended shareholder vote, but it’s on the verge of christening the new SEA, and hoping it sets sail right back into investors’ portfolios.

ETF Report

 SEA’s Strange Shutdown

Claymore Securities was forced to close its shipping-industry ETF in late April because a shareholder vote on a proposed change in the fund’s investment advisory agreement didn’t attract enough voters to establish a quorum. The company, acknowledging that this may be the first time in the history of ETFs that a fund has closed for this reason, said all its other ETFs and closed-end funds reached quorums within allowable periods and successfully approved new investment advisory agreements.