Old Mutual Gives Notice: Five ETFs On The Way
Posted on Wednesday, June 3rd, 2009 | In Exchange Traded Funds, Market Commentary, Mutual Funds
In early May, Old Mutual filed for approval from the SEC to launch its own exchange-traded funds through the Old Mutual Global Trust.
Apparently that approval was granted, because just the other day the firm filed a registration statement for five ETFs, all of them tracking indexes provided by the FTSE Group.
The list includes the following:
•Old Mutual FTSE All-World Fund
•Old Mutual FTSE Emerging Markets Fund
•Old Mutual FTSE All-Cap Asia Pacific ex Japan Fund
•Old Mutual FTSE All-World ex US Fund
•Old Mutual FTSE Developed Markets ex US Fund
Vanguard already offers ETFs tracking the FTSE All-World Index and the FTSE All-World ex.-US Index, so it will be interesting to see if newcomer Old Mutual will be able to beat Vanguard’s low fees — 30 basis points (0.30%) for the All-world fund and 25 (0.25%) for the All-world ex-US fund.
Full Story: http://www.indexuniverse.com/sections/newsinfocus/5943-old-mutual-gives-notice-five-etfs-on-the-way.html
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