The battle for market share in ETF trading heated up in March as Instinet and Island, the dominant electronic communication networks, declared war by cutting fees associated with trading ETFs and boosting rebates for adding volume in ETF share trading.
To be or not to be? That was the question the Securities and Exchange Commission put to proponents and detractors of actively managed ETFs.
Exchange-traded funds managed to rebound from a devastating third quarter to finish 2001 with their collective coffers enriched by about $17 billion.
Financial planners are a crucial element in the marketing schemes of most participants in the multitrillion dollar mutual fund industry.
Against the backdrop of an intransigent bear market in Japan—in December, the central bank lowered its assessment of the Japanese economy for the seventh straight month, noting that it is deteriorating amid slumping exports, investment and private consumption—the MSCI iShares Japan fund has continued to find a home with investors who hold both optimistic and pessimistic views on Japan.
While exchange-traded funds haven’t crossed the radar of many professional money managers who primarily put together portfolios of mutual funds for retail investors, a firm in Canada is set to change their thinking.
Sharpen your pencils. The Securities and Exchange Commission on November 15 issued its long-anticipated concept release for actively managed exchange-traded funds.
Exchange-traded funds faced one of the toughest markets ever in the third quarter, and lost close to $12 billion in market capitalization, largely because of the market meltdown following the terrorist attacks in New York and Washington DC on September 11.
Though the growth of exchange-traded funds has been driven by a few strong products, a dramatic reversal of fortunes in US equity markets is casting a spotlight on smaller ETFs in sectors and strategies that have been gaining favor with investors.