Fund Administration

Capstone Unveils ESOP Fund

As controversy continues to swirl around the proper role of company stock in retirement plans, a Houston fund manager unveiled a fund investing in US firms with broad based employee stock ownership programs.Capstone Asset Management Company said in a press

Funds Still Flowing into US Mutual Funds

The combined assets of the nation's mutual funds increased by $37.9 billion to $6.970 trillion in December, according to the Investment Company Institute's official survey of the mutual fund industry. In the survey, mutual fund companies report actual assets, sales

Investec Introduces Asia Focus Fund

US Bancorp Fund Services LLC has won the administration mandate from Investec for its new Asia Focus Fund, which is domiciled in the US. Investec Asset Management (formerly Investec Guinness Flight) announced that its new Investec Asia Focus Fund is

State Street Creates Office of Family Advisor

State Street Global Advisors (SSgA) has created the Office of the Family Advisor, which has been designed to integrate investment planning with investment management, including the identification and monitoring of outside investment managers, trust and custody for high net worth

FT to Laucn FTfm Supplement

The Financial Times is launching a new supplement for the fund management industry on Monday February 4. The new weekly tabloid supplement, called FT fund management (FTfm) will be distributed with the FT, and will be the world's largest circulation

Morningstar Helps Find Portfolio Risk

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

ETFs Jump 5.2% in December

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

American Stock Exchange Up for Sale

FT reported today that American Stock Exchange (ASE), the exchange with listings of many ETFs (Exchange Traded Funds), is up for sale amid expectations of a wave of consolidation among securities markets in the United States and Europe. According to

ICI Reports Exchange Traded Fund Assets

The combined assets of the nation's exchange traded funds (ETFs) were $82.99 billion at the end of December 2001, according to the Investment Company Institute, the national association of the investment company industry. The Institute's monthly statistical collection also includes