The American Stock Exchange(R) (Amex(R)) today began trading Morgan Stanley 10% Stock Participation Accreting Redemption Quarterly pay Securities(SM) ("SPARQS") based on Apple Computer, Inc., common stock. Priced at $10.7075 with an initial offer size of $16,596,625, this equity trades under
The American Stock Exchange(R) (Amex(R)) will launch trading in options today on the underlying shares of the iShares(R) S&P Latin American 40 Index Fund (ILF). The iShares(R) S&P Latin America 40 Index Fund will open with position limits of 2,500,000
EasyETF CAC 40, a new ETF in the BNP Paribas and AXA Investment Managers joint range, was launched on Euronext Paris yesterday. Its aim is to replicate the performance of the CAC 40, the French stock market's benchmark index.
The Isle of Man Government has signed Memorandums of Understanding with Dubai Financial Services Authority, and with the United Arab Emirates Central Bank in Abu Dhabi. In addition two further agreements were signed with the Bahrain Monetary Agency. A spokesman
Investit Intelligence, a research forum that explores operational issues of the fund management industry, says its Spring conference identified the following as their top three concerns First, how to develop a way of comparing the overall value and quality of
Foundation Capital Resources, Inc.(FCR), a Real Estate Investment Trust (REIT) founded in 2000 and focused on providing mortgage financing to churches and other faith based organizations throughout the United States, today announced record financial results for its fiscal year ended
Fidelity, Strong, Vanguard, Lincoln Financial, Franklin Templeton, and AIM earned DALBAR's highest honor, an "Excellent" Web site designation, for providing their customers with the best online service and support in the Mutual Fund industry. DALBAR evaluated more than 200 Web
Deutsche Brse set a new turnover record in fund trading in exchange traded funds in February 2005, two years after the previous record was set. XTF, the segment for exchange traded index funds, recorded total turnover of EUR4.89 billion. This
European Corporate Management Group, ecmg AG, and Dubai Bank have signed a Memorandum of Understanding (MOU) to launch an Islamic German Buyout Private Equity Fund that would invest in German Middle Market Companies. Both parties agreed towards finalizing the details,
U.S. Bancorp Fund Services, LLC (USBFS) has licensed Eagle Investment Systems Corp. to enhance its fund administration platform. USBFS selected Eagle for its scalable platform, reporting, and information delivery capabilities. Using Eagle PACE and Eagle Portal will provide USBFS with