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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Russell Seeks To Launch ETFs

IndexUniverse Staff (July 9th, 2009) Writes:

Firm’s exemptive filing covers actively and passively managed funds.

 

Another big name is targeting the ETF industry: Russell Investments has filed for sweeping exemptions with the Securities and Exchange Commission that would allow it to create actively managed as well as index-based ETFs.

The July 2 filing designates Russell Investment Management Company as the adviser to the funds and Russell Financial Services as the distributor. It makes several requests, beyond the basic operation of ETFs, such as allowing funds of funds operated by Russell to buy shares of the ETFs in amounts beyond what is normally allowed under SEC guidelines and allowing ETFs launched by Russell to use the firm’s own indexes.

The filing specifies that the funds could cover domestic stocks, international stocks or fixed income. It also says that the holdings of each fund for the prior day, whether passive or actively managed, will be made available on a daily basis.

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Posted in Exchange Traded Funds, Market Commentary | No Comments »

Here come the institutional players into gold

Alex Stanczyk (June 3rd, 2009) Writes:
Northwestern Mutual Makes First Gold Buy in 152 Years By Andrew Frye June 1 (Bloomberg) #8212; Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the company’s 152-year history to hedge against further asset declines. “Gold just seems to make sense; it’s a store of value,” Chief [...]div class="feedflare" a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=OAkpVGlGKF8:xIaVkvNqt88:yIl2AUoC8zA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=OAkpVGlGKF8:xIaVkvNqt88:F7zBnMyn0Lo"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=OAkpVGlGKF8:xIaVkvNqt88:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=OAkpVGlGKF8:xIaVkvNqt88:7Q72WNTAKBA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=7Q72WNTAKBA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=OAkpVGlGKF8:xIaVkvNqt88:V_sGLiPBpWU"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=OAkpVGlGKF8:xIaVkvNqt88:V_sGLiPBpWU" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=OAkpVGlGKF8:xIaVkvNqt88:qj6IDK7rITs"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=qj6IDK7rITs" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=OAkpVGlGKF8:xIaVkvNqt88:l6gmwiTKsz0"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=l6gmwiTKsz0" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=OAkpVGlGKF8:xIaVkvNqt88:gIN9vFwOqvQ"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=OAkpVGlGKF8:xIaVkvNqt88:gIN9vFwOqvQ" border="0"/img/a /div

Posted in Gold Markets, Market Commentary | No Comments »


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