Products July 28, 2008

SEI Breaks Institutional Investors' Links to Sudan, Iran

SEI launched a fund that eliminates companies that generate revenue through business relationships with Sudan or Iran, the company said.
Reported by

The fund addresses the increased desire of institutional investors, specifically nonprofit organizations, to avoid a tie to Sudan/Iran.

The SEI Screened World Equity Ex-U.S. Fund will invest in securities of foreign issuers located in developed and emerging market countries, excluding companies whose activities directly or indirectly benefit the governments of countries that support terrorism, genocide, or human rights abuses, according to a release.

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The actively managed fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment strategies with the objective of achieving returns above the fund’s benchmark, MSCI All Country World ex-US Index adjusted for screens.

More information is available at http://www.seic.com/institutions.

Products July 28, 2008

Conn. Firm Releases Long-Short ETN

Westport, Connecticut-based WealthNotes Capital Management launches an exchange-traded note (ETN) tracking the performance of the S&P 500 130/30 Total Return Strategy Index.
Reported by

The company said in a release that the WealthNotes ETN will be issued by Norway’s Eksportfinans. The NYSE Arca will trade the WealthNotes ETNs under the ticker symbol WNF.

According to the release, ETNs are debt securities that have similarities to exchange-traded funds (ETFs), as both are linked to the performance of indexes and are traded on major U.S. exchanges. Under most market conditions, however, ETNs offer no tracking error of the reference indexes.

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“The S&P 500 130/30 Total Return Strategy Index is a highly sought-after strategy that can most effectively be brought to investors through exchange-traded notes,” said Keith Styrcula, CEO of WealthNotes Capital Management, in the release.

More information is available at www.wealth-notes.com.

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