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BMO Financial Group has licensed indexes for three of its ETFs. China Equity Hedged to CAD ETF (ZCH) and the BMO India Equity Hedged to CAD ETF (ZID) will be licensing indices from The Bank of New York Mellon. ZCH will be benchmarked to the BNY Mellon China Select ADR Index CAD. ZID will be […]
By John Powell |March 25, 2010
2 min read
You heard me. Hedge funds are evil. Don’t believe me. How about these sources… “We cannot forget how in 1997-98 American hedge funds destroyed the economies of poor countries by manipulating their national currencies.” – Dr. Mahathir Bin Mohamad, the former Prime Minister of Malaysia commenting during the 1997-1998 emerging market crisis. “The US Securities […]
By Claude Bovet |March 24, 2010
6 min read
IndexIQ is putting the spotlight on both Canada and Australia. The company has launched single-country small cap Exchange-Traded Funds (ETFs) focusing on the domestic markets in both Canada and Australia. The New York -based developer of index-based investment products is aiming to make the IQ Canada Small Cap ETF (NYSE Arca: CNDA) and the IQ […]
By John Powell |March 24, 2010
Illinois-based Claymore Securities has plans to introduce 10 new ETFs to the marketplace. Using indexes from Wilshire Associates, the products follow the launch of three broad-based funds by the two firms in March and follow in line with the company’s overall strategy to diversify their product line. On March 19th, Claymore filed plans for nine […]
By John Powell |March 23, 2010
1 min read
BMO Financial Group has announced the first quarter 2010 cash distributions for BMO Exchange Traded Funds (ETFs). Unitholders as of March 30, 2010 will receive cash distributions payable on April 12, 2010. Details of the per unit distribution amounts are as follows: Click to table
By Staff |March 22, 2010
Investors in what was once reputed to be a billion-dollar Canadian hedge fund manager may get five to seven cents on the dollar for their investments. The “guiding minds” behind Norshield face regulatory sanctions as well as civil litigation. But a veil of mystery remains around where $472 million in investor assets actually ended up. […]
By Scot Blythe |March 16, 2010
5 min read
Jeffrey McCarthy is bringing his experience in ETFs from Brown Brothers Harriman to Citigroup. McCarthy will serve as Citi’s Global ETF Product Head in its Securities and Fund Services business and will oversee product innovation, market development and provide end-to-end servicing solutions. At Brown Brothers Harriman, McCarthy was the Global ETF Product Manager. Citigroup is […]
By John Powell |March 15, 2010
Eaton Vance is the latest mutual fund company to jump on the ETF bandwagon. Founded in 1924, the Boston-based company has filed with the Securities and Exchange Commission in the U.S. signaling its intent to enter into the ETF marketplace. Eaton Vance plans to launch five actively managed ETFs which will target the investment-grade U.S. […]
By John Powell |March 9, 2010
Global index provider FTSE Group has agreed to allow Hua An Asset Management to use the FTSE 100 as the index for an Exchange Traded Fund (ETF) on the Shanghai Stock Exchange. The FTSE 100 is the leading blue chip index for the UK market representing approximately 85% of the UK market capitalization. “We are […]
By John Powell |March 8, 2010
Hedge funds have an unconstrained and opportunistic investment mandate. This flexibility is based on a dynamic investment approach that focuses on generating returns in myriad and diverse investment environments, changing market conditions and specific opportunities including market dislocations, corporate events, security mispricings, directional bets, arbitrage, and trend-following, to name a few. Hedge funds can, in […]
By Claude Bovet |March 8, 2010
8 min read
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