Select Sector SPDRs, as well as options on them, began trading on the American Stock Exchange on December 22, 1998.
Select Sector SPDRs, as well as options on them, began trading on the American Stock Exchange on December 22, 1998.
Charles Schwab Investment Management, Inc., the investment management branch of Charles Schwab & Co. is courting investment managers with its latest family of index funds.
Ryan argues that pension plan portfolio managers are benchmarking against market indexes when they should be benchmarking against what is happening to the present value of liabilities they eventually have to meet. Infrequent and delayed liability data are part of the problem.
Charles Schwab Investment Management, Inc., the investment management branch of Charles Schwab & Co. is courting investment managers with its latest family of index funds.
On Jan. 5, Dow Jones & Co. and American International Group Inc. launched a new index of commodity prices in a joint marketing agreement.
The Chicago Board Options Exchange began trading options on the "Dow 10" on Jan. 4 under the ticker symbol MUT.
FTSE International added real-time Pan-European sectors to its FTSE Eurotop 300 index with the release of the Euro on January 4, 1999.
The ten broad economic groups and the 39 industry sectors they are divided into were created to accommodate European fund managers in the wake of the EMU. Rather than structuring their portfolios around countries, they will now be basing them on industries. Eventually all the FTSE indices will be organized by a similar system.
| 1999 World Index Returns | In US$ | |||||||
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DJGI
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FT/S&P World Actuaries
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MSCI
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Salomon SSBGEI
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