Charles Schwab & Co. released the results of its second quarterly Mutual Interest Council survey Feb. 1.
European stock index compiler Stoxx Ltd. is launching a series of index subclasses.
On March 26, Dow Jones Indexes launched without fanfare the first of its Extra Liquid Series indexes to cover the Canadian equities market.
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FT/S&P World Actuaries
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Salomon SSBGEI
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Altamira Investment Services became yet another of the growing number of Canadian investment companies to offer its own series of index funds when it released its Precision family of funds on Nov. 9, 1998.
Malaysia’s sudden imposition of a one-year holding period on foreign investments on Sept. 1, 1998 sent a wave of irritation and angst sweeping over the international investing community.
In a move that could significantly help money managers assess the risks of their fixed-income investments, Standard & Poor’s said it will unveil indexes that measure the credit spreads in various sectors of the U.S. bond market this summer.
So maybe the Internet is the future (see lead story). But it's not the whole future. Wired magazine's editors have created their own 40-stock index intended to reflect their broader vision of the technological world and where it is headed. A considerable number of the index's constituents are in the computer and Internet industries, but companies like DaimlerChrysler AG and Walt Disney Co. firmly set it apart from the proliferation of indexes that focus strictly on the trendiest and highly volatile market sector.
Many of the people watching the Daytona 500 will only see cars going around in circles. But to John Allen and Kim Torrence, those cars are high-speed investment vehicles.
Allen and Torrance are the principles behind the StockCar Stocks Index Fund, a mutual fund made up of 56 publicly traded companies that sponsor Nascar Winston Cup Series stock cars.