News

Vanguard Edges into Bond ETF Market

Vanguard is adding exchange-traded funds (ETFs), which will be structured as separate share classes of existing mutual funds, to its four existing bond index funds in an effort to expand its presence in the U.S. bond market.

XTF Adds Two Portfolios to its ETF Offering

Asset manager XTF has added a Sector Rotation Portfolio and a Country Rotation Portfolio to its lineup of exchange-traded fund (ETF) offerings, which will be offered to investors as separately managed accounts.

SaveDaily Upgrades 401(k) Statement Tool

Recordkeeping technology provider SaveDaily.com can now post vesting to 401(k) participant statements and is now offering fulfillment options including electronic and mail distribution.

Eaton Vance Managers 'Bullish' About 2007

“Every investor should dial up their equity exposure [in 2007],″ said Duncan Richardson, Executive Vice President and Chief Equity Investment Officer of Eaton Vance Management, at a press conference Wednesday.

SEC Settles ‘Shelf-Space’ Allegations with Former Putnam Chief

The former chief of Putnam Investments, Lawrence Lasser, has agreed to a $75,000 settlement with the Securities and Exchange Commission (SEC), putting an end to allegations that the investment company used mutual fund assets to lure brokerage houses to use Putnam funds, the Associated Press reported.

Rydex Expands Offering of Twice-a-Day Fund Pricing

Rydex Investments has announced it will expand the availability of twice-a-day pricing for a selection of Rydex mutual funds, to help brokers and their clients manage intra-day risk and take advantage of market liquidity.