The Markets March 27, 2008

Merrill Launches CO2 Index

Merrill Lynch Global Research has introduced a new global emissions benchmark designed to provide investors with a “clear and balanced insight into the rapidly growing global CO2 emissions market.″
Reported by

The MLCX Global CO2 Emissions Index is based on contracts established under the European Union Emission Trading Scheme and under the Kyoto protocol. The MLCX Global CO2 index (MLCXCO2E) gives investors exposure to both schemes, weighting them by their relevance in the global emissions market, according to an announcement.

In addition, the European Union Allowance (EUA) and Certified Emissions Reduction (CER) markets can also be accessed individually through the MLCX EUA Index (MLCXEUAE) and the MLCX CER Index (MLCXCERE), respectively.

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As the global emissions market expands, Merrill Lynch Global Research plans to increase the number of underlying instruments in the index.

Products March 27, 2008

Seligman Slashes Plan Fees

Seligman is discounting retirement plan takeover fees for Seligman Growth 401(k) plans, the company announced.
Reported by

Plans with at least $500,000 in assets that are established between April 1 and June 30, 2008 will have all setup fees waived, Seligman said.

The normal Seligman Growth 401(k) set-up fee ranges from $1,150 to $1,500 and includes personalized employee enrollment booklets.

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