The flood of Internet indexes and funds has not yet begun to recede
investment bank is sharpening its definition of "technology-related" to bring in
more Internet-related companies.
The American Stock Exchange has grown to become the king of exchange-traded funds (ETFs), thanks to its SPDRs and WEBS, which have virtually been its salvation
The revolving door has been twirling at warp speed this year at what used to
be Bankers Trust and is now Deutsche Asset Management Americas, and management
has been looking for lots of fresh, new people to go through it.
The following companies were added to the Dow Jones Industrial Average
On October 1, FTSE International launched a new series of multinational
Barclays Global Investors, widely considered the world’s largest manager of
indexed funds, is adding a few more index fund arrows to its quiver.
On November 4, Integrity Global Asset Management, a Wakefield, RI-based
company, began operating its new Internet index fund. The Internet Index Fund
tracks the Dow Jones Internet Index.
Two of the better known proprietors of socially responsible indexes are
considering licensing them to other fund managers.