OneChicago announced today that it will offer futures contracts on the DIAMONDS exchange traded fund from Friday 22 November. The Exchange also will roll out 22 more futures on single stocks. DIAMONDS are shares in an exchange traded fund (ETF)
AMP announced today that its continuing review of activities and costs is likely to result in asset write downs of A$1.2 billion, over two thirds of this in the troubled UK businesses, including NPI as well as Pearl. "Previous valuations
Deutsche Brse is further expanding its XTF segment with six new actively managed funds. Since Monday, four new actively managed equity funds and two new actively managed bond funds have become tradable in XTF. The six funds are issued by
FTSE Group today announced the launch of the new FTSE European Sector Index Series, a set of eight tradable indices which will go live on November 18th 2002 with Exchange Traded Funds (ETFs) issued by iShares, the world's leading ETF
BISYS announced today that Maryland based Mercantile Funds, Inc. (formerly the M.S.D.&T. Funds) has renewed and expanded its outsourcing agreement with the firm. BISYS will continue to support the proprietary fund family with a comprehensive outsourcing solution, including fund accounting
Marks & Spencer Financial Services has selected Mellon European Fund Services, the fund administration arm of Mellon Financial Corporation in Europe, to provide fund accounting services to its unit trust and life assurance divisions. Mellon European Fund Services will provide
AMP announced today that its proposed acquisition of Commerzbank Asset Management Italia (CAMI) was off. The reason is the unwillingness of the Bank of Italy to approve the purchase until it was satisfied that the capital weaknesses of AMP's UK
Moody's Investors Service today downgraded the ratings of Royal & Sun Alliance Insurance Group (RSA) and subsidiaries. The Insurance Financial Strength Rating (IFSR) of Royal & Sun Alliance Insurance Plc was downgraded by one notch to Baa1 from A3 and
FTSE Group has reached an agreement with the American Stock Exchange (Amex)to promote the creation of ETFs for the U.S. marketplace. FTSE and Amex ETF Services, which provides turnkey solutions to ETF issuers, sponsors and service providers, will work together
Eurex will start trading in options and futures on ETFs on November 18. The segment at Eurex will be operated under the name EXTF. Eurex, which made the announcement in Chicago today, is the first exchangeto offer futures and options