Articles (1,609)


Featured Article

John Spence

Class Action Suit Filed Against Merrill Lynch HOLDRs

by John Spence
Wednesday, October 10, 2001

Investors who got burned by the dot-com bust may have a chance to reclaim some of their lost money, even if the tech rebound many of them are holding out for fails to ...Read More

Article Library

  • Will McClatchy

    On the Lighter Side

    by Will McClatchy — Tuesday, October 9, 2001

    "There are three kinds of people in the world. Those who can count and those who can't!." - J.R. Dicks... Financial Advice in Tough ...Read More

  • Jim Wiandt

    Passive Investing Trends:

    by Jim Wiandt — Friday, October 5, 2001

    Index funds are on the rise. Assets flowing into index mutual funds have been rapidly growing both in absolute terms and relative to inflows into actively-managed funds. The million-dollar question is whether these inflows have resulted from investors ...Read More

  • Federal Reserve Rates at 39-Year Low

    by Staff — Tuesday, October 2, 2001

    The Federal Reserve today lowered the Fed Funds rate to a Japanesque 2.5%. The announcement came as consumer confidence plummeted and the economy continued to show signs of weakness. The Fed rate is the lowest it has been since 1962. ...Read More

  • The American Way of Life

    by Herb Blank — Wednesday, September 26, 2001

    The greatest threat to the American way of life, at this point in time, comes from America. There is no question about the magnitude of the atrocities. There is no justification for the attacks, regardless of the attackers motives. It was an heinous act ...Read More

  • Larry Swedroe

    Do You Believe That Your Fortune Is In The Stars?

    by Larry Swedroe — Tuesday, September 25, 2001

    The brand that has emerged as dominant in the 1990s is not Fidelity, Putnam, or even Merrill Lynch-but instead is Morningstar.[/:Author:] —R. Pozen, The Mutual Fund Business, 1998, p.75 Perhaps the most popular approach to selecting mutual funds is to ...Read More

  • The ETF vs. Open-End Index Fund Shootout

    by William Bernstein — Monday, September 24, 2001

    I have to admit I've been dubious about the exchange-traded fund format. I just couldn't figure out the why of these things, aside from fees, commissions, and sending financial journalists' kids to private school. My first encounter with them—the WEBS ...Read More

  • Will McClatchy

    Panic sellers did not profit on Monday

    by Will McClatchy — Monday, September 17, 2001

    After watching today's low closing prices, US equity investors who held onto stocks out of patriotism today might have felt a bit foolish. In reality they did just fine. Everyone in the US market got hit today, and selling on the morning the markets ...Read More

  • Will McClatchy

    Democracy and Markets under Attack

    by Will McClatchy — Tuesday, September 11, 2001

    Attacking a democracy will only make it rally in unity. Attacking a physical icon of capital management will only disperse the administration of capital flows. Americans have rallied defiantly against cowardly attacks on civilians by a hidden group. The ...Read More

  • From Our Canadian Bureau: Barclays Helps Retirees With New ETF

    by Dan Hallett — Sunday, September 9, 2001

    New Barclays RSP-Eligible EAFE ETF Barclays Global Investors Canada Limited has finally announced the launch of the much anticipated fully RSP-eligible EAFE ETF it has been promising for several months. This offering, originally planned for a February ...Read More

  • ProFunds Launches Six New Index Funds

    by Staff — Wednesday, September 5, 2001

    Maryland-based fund shop ProFunds yesterday launched six index funds based on the following indexes: S&P Midcap 400, S&P Midcap 400/Barra Value, S&P Midcap 400/Barra Growth, Russell 2000, S&P Smallcap 600/Barra Value, and S&P Smallcap 600/Barra Growth. ...Read More

  • ETF Assets Fall in Weak Market

    by Staff — Monday, August 27, 2001

    Exchange-traded fund (ETF) assets fell slightly in July, underscoring the current climate of soft equity prices. The slim $40 million decline occurred despite the fact that issued shares exceeded redeemed shares by $2.58 billion, according to Investment ...Read More

  • John Spence

    SEC Denies ICI Petition to Regulate Folios

    by John Spence — Friday, August 24, 2001

    Chalk one up for do-it-yourself investors. The Securities and Exchange Commission (SEC) released a letter yesterday denying an Investment Company Institute (ICI) petition filed in March to regulate online stock baskets, or folios, as mutual funds. ...Read More

  • The $500 Billion Hedge Fund Folly

    by Forbes — Monday, August 6, 2001

    Mediocre returns, outrageous fees and a whiff of scandal have not stopped the hedge fund business from enjoying explosive growth in the past decade. Because these ...Read More

  • Three ETFs Begin Trading on Big Board

    by Staff — Thursday, August 2, 2001

    Three prominent exchange-traded funds (ETFs) began trading on the New York Stock Exchange (NYSE) on Tuesday, July 31 - the Nasdaq-100 Tracking Stock (QQQ), SPDR 500 (SPY), and Diamonds (DIA). They managed to attract 11%, 20%, and 29% of trading for the ...Read More

  • Larry Swedroe

    How The Price You Pay Impacts Returns

    by Larry Swedroe — Thursday, July 26, 2001

    When forecasting investment returns, individuals often make the mistake of simply extrapolating historic returns into the future. In addition, investors make the mistake of "recency." Bull markets lead investors to expect higher future returns, and bear ...Read More

  • News From the Week

    by Staff — Wednesday, July 25, 2001

    The Vanguard Group said it will jack up the minimum initial investment for its Selected Value Fund from $3,000 to $25,000, effective July 23. Vanguard also indicated that a 1% redemption fee would be assessed to shares redeemed within five years of ...Read More

  • John Spence

    Who Wants to Run a Mutual Fund?

    by John Spence — Tuesday, July 24, 2001

    I cringe when I hear comparisons between investing and sports, but I can't resist this time. When it comes to stock-picking, we're a nation of Monday morning quarterbacks. ...Read More

  • New iShares Based on Russell Mid-Cap Indexes

    by Staff — Friday, July 20, 2001

    Barclays Global Investors launched three iShares on the American Stock Exchange today. The new exchange-traded funds (ETFs) are tied to the Russell Midcap index, Russell Midcap Value index, and Russell Midcap Growth index. ...Read More

  • AMEX Beefs Up ETF Development

    by Staff — Wednesday, July 18, 2001

    The American Stock Exchange (AMEX) today announced the creation of a new business unit that will specialize in ETF development to leverage its position as a global leader in exchange-traded funds (ETFs). AMEX was instrumental in the development and ...Read More

  • John Spence

    ICI Urges SEC Not to Force More Frequent Fund Disclosures

    by John Spence — Tuesday, July 17, 2001

    Investment Company Institute (ICI), the mutual fund industry's trade group, yesterday released a statement outlining why it believes average investors would actually be harmed by more frequent holdings disclosures by mutual funds. Additionally, ICI ...Read More

  • John Spence

    Bank of New York Has ADR Index ETFs in the Works

    by John Spence — Monday, July 16, 2001

    Many institutional and retail investors like exchange-traded funds (ETFs) for cheap exposure to foreign markets. Bank of NY wants to drive costs down even lower, and has filed an exemptive application with the Securities and Exchange Commission (SEC) to ...Read More

  • Three New iShares for Tech Junkies

    by Staff — Thursday, July 12, 2001

    Barclays Global Investors (BGI) will launch three iShares ETFs tied to the following Goldman Sachs technology indexes: Networking, Semiconductors, and Software. They will begin trading on the American Stock Exchange (AMEX) starting July ...Read More

  • John Spence

    E*Trade Gets Dinged by NASD for Tech Index Fund Ad

    by John Spence — Monday, July 9, 2001

    Remember those online broker television ads of yesteryear that led you to believe that stock picking was so easy that even ADD-afflicted office punks and altruistic truck drivers could point-and-click their way to fabulous wealth in their spare time? ...Read More

  • Eugene F. Fama Jr, Vice President DFA

    What Makes an Asset Class?

    by Eugene Fama Jr. — Sunday, July 1, 2001

    Sometimes NASDAQ is referred to as an asset class, but it's not. It's an exchange that contains several asset classes. A partial index of NASDAQ stocks might proxy for a tech stock "asset class"—but there's little theoretical reason to think tech stocks ...Read More

  • Vanguard Files to Launch Extended Market ETF

    by Staff — Friday, June 29, 2001

    Indexing giant Vanguard today filed with the SEC to launch an extended market exchange-traded fund (ETF) tied to the Wilshire 4500 index. As with the recently-released Total Stock Market VIPERs (Vanguard Index Participation Equity Receipts), the extended ...Read More

  • Jim Wiandt

    NYSE-listed ETF to be Tied to Broad Chinese Index

    by Jim Wiandt — Thursday, June 28, 2001

    How's this for a macroeconomic play: short the declining superpower (U.S.A.) and go long on the up-and-comer (China). Until now it hasn't been possible. Coming soon, though, to a broker near you: an NYSE-listed ETF that tracks 25 of the most liquid stocks ...Read More

  • John Spence

    Paradise Lost? - S&P 500 Gets Ripped

    by John Spence — Wednesday, June 27, 2001

    A recent Money magazine article by mutual fund columnist Jason Zweig ("Is the S&P 500 rigged?") has managed to put a fright into at least a few of the investors who have an estimated $1 trillion in index funds pegged to the broad market benchmark. And ...Read More

  • From Our Canadian Bureau: iUnits Distributions

    by Dan Hallett — Thursday, June 21, 2001

    Barclays Global Investors (BGI) announced this week estimated distributions for its Canadian based exchange-traded funds (ETFs), known as iUnits. Unitholders of record as of June 27, 2001 will receive the distribution on June 28. ...Read More

  • AMEX and Tokyo Exchange to Cross-List ETFs

    by Staff — Tuesday, June 19, 2001

    The American Stock Exchange (AMEX) and the Tokyo Stock Exchange inked a deal today to cross-list and trade U.S. and Japanese exchange-traded funds (ETFs). The alliance is the latest move by AMEX to set up a global trading platform for ETFs. The exchange ...Read More

  • Barclays Global Investors to Rebalance MSCI iShares Early

    by Staff — Thursday, June 14, 2001

    Barclays Global Investors (BGI) says it will rebalance its iShares exchange-traded funds (ETFs) pegged to MSCI indexes by the end of August 2001. MSCI is adjusting its equity indexes for free-float weighting and broader market coverage, and will complete ...Read More

  • S&P Launches Global Sector Indexes in Australia

    by Staff — Wednesday, June 13, 2001

    Standard & Poor's (S&P) will begin live dissemination of real-time global sector indexes in Australia on June 25. S&P will launch 12 sector indexes from the broad Australia S&P/ASX 200 index, which covers approximately 89% of the total market ...Read More

  • Standard & Poor's to Design Stock Baskets for E*Trade

    by Staff — Monday, June 4, 2001

    In a development that underscores the growing popularity of stock baskets offered by online brokers, index provider Standard & Poor's (S&P) has inked a letter of intent with E*Trade to create custom "folios." S&P will create baskets that reflect broad ...Read More

  • State Street Launches Amsterdam ETF

    by Staff — Friday, June 1, 2001

    An exchange-traded fund (ETF) based on the the AEX Index, a cap-weighted index comprised of 25 leading stocks traded on the Amsterdam Stock Exchange, began trading Wednesday, 5/30/2001. The new ETF, called the streetTRACKS AEX Index ETF, is managed by ...Read More

  • Jim Wiandt

    Cross-Listed Equities Arrive

    by Jim Wiandt — Thursday, May 31, 2001

    The Deutsche Boerse and Eurex announced plans to cross-list 200 of the most liquid U.S. equities and derivatives. Trading is scheduled to begin in September on the Xetra platform. ...Read More

  • Dow Jones and Russell to Perform Annual Index Rebalancing

    by Staff — Friday, May 25, 2001

    Dow Jones Indexes today announced that it will release the results of its annual update for the Dow Jones Titans index family on June 1, after the close of U.S. markets. Stocks in the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, and the Dow ...Read More

  • From Our Canadian Bureau: New iUnits S&P 500 ETF

    by Dan Hallett — Thursday, May 24, 2001

    After a long delay, Barclays Global Investors officially announced the launch of its much anticipated fully RRSP-eligible exchange-traded fund (ETF) tracking the S&P 500 index. One might wonder why all the fuss, given the wide availability of U.S.-based ...Read More

  • John Spence

    Start Your Engines! - MSCI to Release New Index Constituents

    by John Spence — Friday, May 18, 2001

    The starting gun is cocked and ready for the biggest overhaul of an equity index series in history. Tomorrow, May 19, at 7:00 a.m. Eastern Daylight Time, Morgan Stanley Capital International (MSCI) will release the constituents of the MSCI Provisional ...Read More

  • Jim Wiandt

    Vanguard Poised to Move on VIPERs Launch

    by Jim Wiandt — Thursday, May 17, 2001

    Despite a jarring legal defeat that has left the launch of its S&P 500 VIPERs in doubt, the Vanguard Group intends to move forward in launching its Total Stock Market VIPERs. Vanguard plans to commence trading on its Total Stock Market VIPERs on May 31. ...Read More

  • John Spence

    ETF Based on Dow Begins Trading on European Exchange

    by John Spence — Thursday, May 17, 2001

    Dow Jones Indexes announced that it has licensed Paris-based Lyxor Asset Management to issue the first ETF in Europe based on the Dow Jones Industrial Average. The fund began trading today on the Euronext exchange, and has an annual expense ratio of ...Read More