Products August 21, 2007

MG Advisory Demographic Report for Advisers Includes Plan Fund Data

MG Advisory Services, LLC, a subsidiary of Matrix Settlement&Clearance Services, LLC, has announced the release of its new Plan Demographic Report for advisers and third-party administrators (TPAs) that combines participant/plan data with fund data, in an open architecture environment.
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Features of the Plan Demographic Report, according to the announcement, include:

  • Plan Design – Details plan highlights, TPA and adviser contact information and one-year benchmarked returns for the plan.
  • Plan Demographics – Shows participant asset allocations, plan participation rates, participant deferral rates, number of funds held by participants, and average loan balances. All information is shown by participant age band.
  • Capital Market Review – A financial markets and economic analysis for the past year. Reviews the domestic equity markets, international markets, and the fixed income market. This section will also contain a market outlook for the coming quarters.
  • Core Fund Review – Will compare the plan assets performance/risk to the appropriate benchmarks. This section will also detail how many participants own each mutual fund and the asset value of those holdings.

The report is a hybrid product that allows a TPA or adviser to enable customers to select a “best of breed’ line of products without having to deal with multiple reports and vendors, while reducing overall operating costs for the TPA and adviser.

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“Advisors spend a good deal of time and energy putting together spreadsheets that combine plan level asset detail with fund performance and at the end of the day, it looks cobbled together. With Prima Capital, we are in a unique position to build it for them,’ said Stewart Cohune, President, MG Advisory, in the announcement.

Products August 21, 2007

Dow Jones Announces Commodity Index-Based ETF

Dow Jones Indexes has announced the launch of The Dow Jones - AIG Commodity SwapEX, an exchange-traded fund (ETF) for which the Dow Jones - AIG Commodity Index has been licensed to INDEXCHANGE Investment AG to serve as the underlying index.
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The Dow Jones – AIG Commodity Index is a diversified and highly liquid benchmark for the commodities markets, and is composed of futures contracts on physical commodities, according to the announcement. The 19 commodities currently in the Dow Jones – AIG Commodity Index are: aluminum, cattle, coffee, copper, corn, cotton, crude oil, gold, heating oil, hogs, natural gas, nickel, silver, soybeans, soybean oil, sugar, unleaded gas, wheat, and zinc.

The index is designed to minimize concentration in any one commodity or sector. No single commodity can comprise less than 2% or more than 15% of the index, and no sector can represent more than 33% of the index as of the annual re-weightings of the index.

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The new ETF was launched on Tuesday on the XTF segment of Deutsche Boerse.

Further information on the Dow Jones – AIG Commodity Index can be found at http://www.djindexes.com.

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