News

CFSB Tech Index Options Trading

The Nasdaq-Amex Market Group began trading options on The CSFB Technology Index (Amex: CTN) on June 23.

Listed on the American Stock Exchange, this new equity index consists of 75 actively traded companies including 50 of the largest U.S.-listed technology stocks plus 25 technology stocks selected by the Credit Suisse Technology Group to add diversification by sector.

Articles

The Case for Currency Overlay

The author argues that the need for increased foreign investment exposure means increased exposure to potential currency losses, but also potential increases in total return of up to 190 basis points per year from more sophisticated management of currency risk. To Lindahl, that means pension funds and other large investment managers can no longer afford to leave their currency exposure unmanaged or passively hedged.

News

If Indexes Are Proliferating, Can Index Funds Be Far Behind?

Recent months have seen the launches of a plethora of new funds, as well as the announcements of an equally large number of impending launches.

News

STOXX Offers Nordic Indexes

Stoxx Ltd. launched two new tickers to cover the Scandinavian and Nordic markets on July 1 in an exclusive pact with Helsinki's stock exchange.

The Dow Jones Stoxx Nordic covers 118 companies in Finland, Sweden, Norway and Denmark. All stocks in the broad index are taken directly from those currently in the Dow Jones Stoxx index of 620 companies.

News

Don’t Look Back, Magellan, Somebody’s Gaining On You

In mid-July Fidelity Investments' Magellan Fund sailed serenely past the $100 billion mark in assets.

As the largest existing mutual fund, Magellan is bigger than all stock mutual funds combined were in 1984 and bigger than the entire fund industry in 1979. Its assets are larger than the gross domestic product of Ireland and every state budget in the U.S.

Stats

1999 World Index Returns

1999 World Index Returns In US$
 
DJGI
FT/S&P World Actuaries
MSCI
Salomon SSBGEI

News

Hong Kong Launches Property Options

The Hong Kong Futures Exchange introduced options on the Hang Seng Properties Sub-index (PSI) on June 9. On the same day, it also reintroduced futures on the PSI. Both the futures and options are traded on the Hong Kong Automated Trading System.

The PSI tracks the performance of the 12 property-related stocks in the 33-stock Hang Seng Index.

Articles

Active Countries, Passive Stocks

Can a series of indexed country portfolios be actively managed at the allocation level and outperform the sum of the indexes?