The combined assets of US mutual funds increased by $317.9 billion, or 5.1 percent, to $6.56 trillion in November, according to the Investment Company Institute's official survey of the mutual fund industry. Equity funds had an inflow of $6.46 billion
The Securities Futures Commission (SFC) in Taiwan has announced that Qualified Foreign Institutional Investors (QFIIs) and General Foreign Institutional Investors (GFIIs) are allowed to accept subscription rights of new stocks transferred by the original shareholders of a listed company on
ABN AMRO and EDS announced today that they have reached an agreement on an IT outsourcing contract for ABN AMRO's Wholesale Client (WCS) Strategic Business Unit which includes corporate and investment banking services. The contract covers the provision of technology
Indulging its penchant for Orwellian language, the New Labour government in the United Kingdom today described a massive tax hit for the beleaguered life assurance industry as "fairer." Paymaster General Dawn Primarolo announced measures, to be included in the 2003
The Bank of New York announced today that Naspers Limited has selected the Bank as depositary for its NASDAQ listed American depositary receipt (ADR) program. One ADR equals ten ordinary shares and trades on NASDAQ under the symbol "NPSN." The
The Bank of New York announced today that it has been selected by Sanwa Finance Co., Ltd. to provide trustee and agency services for the Pylos II financing. The Bank of New York Trust Company (Cayman) Limited has also been
The Bank of New York announced today that it has added Irish listing and paying agency services to its range of global trust services. The Bank's London branch will act as listing agent, with the paying agent role provided by
The Bank of New York announced today that it has been selected by Abbey National Treasury Services plc (ANTS) and Abbey National Financial Products to provide trustee, issuing and principal paying agent, registrar and custodian services for the C Sprint
MSCI has published its November 2002 performance figures for the MSCI Hedge Fund Indices. They show that the equally weighted MSCI Hedge Fund Composite Index increased by 1.12% for the month of November, under performing the MSCI World Equity Index,
Shadow Financial Services, a New Jersey headquartered provider of back office systems, announced today that the Canadian based self clearing broker dealer Maple Securities had become the first client of the real time interface to DTCC settlement services in its