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John Spence

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

6,257
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

Article Library

  • Eugene F. Fama Jr, Vice President DFA

    What Makes an Asset Class?

    9,324
    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

    6,403
    by IndexFunds.com 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

    6,477
    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

    6,331
    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

    6,742
    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

    5,927
    by IndexFunds.com 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

    6,337
    by IndexFunds.com 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

    5,999
    by IndexFunds.com 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

    6,231
    by IndexFunds.com 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

    7,039
    by IndexFunds.com 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

    6,756
    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

    6,578
    by IndexFunds.com 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

    6,285
    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

    5,739
    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

    6,427
    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

    6,217
    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

  • Holy Land Gets Its First Index Fund

    6,547
    by Aviya Kushner — Wednesday, May 9, 2001

    "Profits in the Land of the Prophets." That's the catchy slogan plastered across ads for the first-ever Israel index fund, Amidex 35, which was launched in June 1999. But can it actually be true? For many investors, Israel is not only a country of ...Read More

  • SEC Conducts Online Investor Survey

    6,497
    by IndexFunds.com Staff — Wednesday, May 9, 2001

    The Securities and Exchange Commission (SEC) is performing an online survey to learn more about how investors are utilizing the Internet as an information resource when making important investment decisions. ...Read More

  • Vanguard to Implement New Online Tools

    6,501
    by Sharon Rockey — Monday, May 7, 2001

    Vanguard's online brokerage service is set to include "Consolidated View," a one-stop simple approach where shareholders can manage all their financial assets online. The account aggregation tool was developed by CashEdge, and allows investors to view all ...Read More

  • John Spence

    Japan Gives Green Light On ETFs

    6,077
    by John Spence — Wednesday, May 2, 2001

    Japan has finally given the official go-ahead on exchange-traded funds (ETFs). Exchange-traded funds have experienced explosive growth in the ...Read More

  • Jim Wiandt

    S&P Prevails - Vanguard Loses Landmark Lawsuit

    7,885
    by Jim Wiandt — Thursday, April 26, 2001

    The judgment is in. Standard & Poor's prevailed over The Vanguard Group in a closely-watched lawsuit. According to a statement released by Standard & Poor's parent company, McGraw Hill Companies, U.S. District Court Judge Alvin K. Hellerstein ruled that ...Read More

  • Why Invest Overseas At All?

    6,439
    by Sam Henry — Wednesday, April 25, 2001

    Before you buy an international index fund, you might ask whether it makes sense to invest overseas at all. Although this is a complicated question, it seems pretty clear that the increased diversification and opportunity provided by overseas equities ...Read More

  • John Spence

    Upcoming Retail HOLDRs Look Familiar

    5,921
    by John Spence — Monday, April 23, 2001

    More and more individual investors are recognizing the benefits that exchange-traded funds (ETFs) and HOLDRs offer as a cheap way to gain exposure to different sectors of the economy. However, as with traditional mutual funds, it's important to examine ...Read More

  • Netfolio: New Kid on the "Do-It-Yourself" Block

    6,565
    by Sharon Rockey — Friday, April 20, 2001

    When the mutual fund industry's key lobbying organization kicks up a fuss with the SEC about those newfangled investor-managed stock portfolios, you can bet it's because somebody's feeling threatened. Netfolio is the most recent threat. ...Read More

  • FXI Launches New Index for China

    6,406
    by IndexFunds.com Staff — Friday, April 20, 2001

    More news out of Asia. Yesterday we told you about the Hong Kong exchange announcement to cross-trade exchange-traded funds (ETFs) on May 2, just two days before the Singapore exchange will cross-list ETFs with the American Stock Exchange (AMEX). ...Read More

  • John Spence

    ETFs to Cross-Trade in Hong Kong

    6,744
    by John Spence — Thursday, April 19, 2001

    The American Stock Exchange (AMEX) has taken another step toward its vision of a fungible global trading platform for exchange-traded funds (ETFs). Next stop: Hong Kong. ...Read More

  • The Expected Return One-Step

    10,456
    by William Bernstein — Wednesday, April 18, 2001

    After any particularly wrenching period in the markets, I usually get a few calls and messages in the following vein: "You saw how the Nasdaq just got cut off at the knees on no fundamental news… do you still believe that the market is efficient?" To ...Read More

  • Larry Swedroe

    Survivorship Bias

    8,373
    by Larry Swedroe — Friday, April 13, 2001

    The above headline should be an SEC-required disclosure for advertisements of many mutual funds. The reported returns of many fund families and their funds are often either misrepresentations (intentional or unintentional) of the returns earned by ...Read More

  • John Spence

    Record Numbers of Funds Blown Up in Market Minefield

    5,945
    by John Spence — Thursday, April 12, 2001

    Yesterday, we told you that Vanguard announced plans to close and liquidate two of its funds. Could this be a harbinger of more funds throwing in the towel in coming months if the down market continues? How bad is it out there? Let's take a look. ...Read More

  • Vanguard_to_close_and_liquidate_two_funds

    6,392
    by IndexFunds.com Staff — Wednesday, April 11, 2001

    The Vanguard Group recently announced the closing and planned liquidation of two funds, and also the re-opening of two funds to new shareholder accounts. On April 6, Vanguard said it would cease accepting new accounts and shareholder purchases for ...Read More

  • Savings on Capital Gains Ease Losses

    6,553
    by Adrienne Pauly — Monday, April 9, 2001

    Many index fund investors can take some comfort this tax season that they are not paying capital gains on funds reflecting lost value. Both Barclays Global Investors and the Vanguard Group report they have not needed to distribute capital gains to ...Read More

  • AMEX and Singapore Exchange to Cross-List ETFs

    6,498
    by IndexFunds.com Staff — Thursday, April 5, 2001

    The American Stock Exchange (AMEX) and the Singapore Exchange (SGX) today said they will begin listing and trading exchange-traded funds (ETFs) and HOLDRs on SGX Securities Trading starting May 4th. ...Read More

  • Jim Wiandt

    ETF Trends - Volatile Market Alters the Playing Field

    6,129
    by Jim Wiandt — Tuesday, April 3, 2001

    Despite the sharp market downturn, and declining asset values, exchange-traded funds (ETFs) have continued to gain assets. The value of the U.S. total market as measured by the Wilshire 5000 declined in value by 22.05% over the 6-month period from ...Read More

  • Mutual Fund Tax Bite Can Be Bigger Than Bark

    6,495
    by Christian Chensvold — Monday, April 2, 2001

    April 16 is nearly upon us. In honor of tax season, we're running an article series to help investors understand how mutual funds are taxed. In this first installment, we examine the basics with a general overview of the subject. Later this week, we'll ...Read More

  • S&P 500 Index Changes in March

    6,091
    by IndexFunds.com Staff — Monday, April 2, 2001

    Recently, we took a not-so-serious look at the prospects for front-running additions to the S&P 500 to exploit the "index effect," where demand can push up a stock's price when it enters an index. This time, let's take a look back and see what happened to ...Read More

  • Index and Enhanced Index Funds

    7,449
    by David Booth — Sunday, April 1, 2001

    The purpose of including Exhibit 5 is to demonstrate that portfolio management is a sufficiently complicated task even when index funds are used. In some ways, the role of an investment committee is made more difficult, because it has to decide which ...Read More

  • Individual Investor Group Launches Large- and Mid-Cap Indexes

    5,909
    by IndexFunds.com Staff — Friday, March 30, 2001

    Individual Investor Group announced two new additions to the America's Fastest Growing Companies index family: the LargeCap 50 and the MidCap 300. The LargeCap 50 starts off with a base of the 100 largest companies and selects the 50 with the highest ...Read More

  • Jim Wiandt

    Front Run The S&P 500: Vanguard Investors, Hedge Your Bets!

    6,798
    by Jim Wiandt — Thursday, March 29, 2001

    In these topsy-turvy days of volatile markets, who knows what's up or down? The Dow could be up 250 today, and down 300 tomorrow. It's a fool's game playing market direction, and every diehard index fund investor knows it. One thing we can count on, ...Read More

  • John Spence

    Wayne Wagner on How to Become a Millionaire

    7,297
    by John Spence — Wednesday, March 28, 2001

    Wayne Wagner is the co-author of Millionaire, a book with a promise that index fund investing can turn your lunch money into a million bucks given enough patience, time, and discipline. Wagner should know - in the early 1970s he helped Wells Fargo ...Read More

  • Breaking Down the Nasdaq 100 This Year - An Autopsy

    5,536
    by IndexFunds.com Staff — Monday, March 26, 2001

    Thus far, 2001 has been like a train wreck for the technology sector. In true rubberneck form, let's slow down for a second and take a look at the extent of the carnage. Call it a morbid fascination, but new research from the Equity Derivatives Strategy ...Read More

  • New Technology iShare

    8,572
    by IndexFunds.com Staff — Tuesday, March 20, 2001

    A new iShares exchange-traded fund (ETF) began trading on the American Stock Exchange on Monday. The Goldman Sachs Technology Index Fund (trading symbol: IGM) will track the Goldman Sachs Technology Index, and has an expense ratio of 0.50%. ...Read More