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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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

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Today we are featuring top-performing "Chinese" equity mutual funds that invest most of their assets in equity securities of companies that trade in China or are related to the Chinese economy.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Chinese Equity Funds list.

3 Great Choices

Dreyfus Greater China A (DPCAX) was incepted in May 1998 and seeks long-term capital appreciation. It may include invest in common stocks, preferred stocks and convertible securities, including those purchased in initial public offerings. It is non-diversified.

The fund primarily invests in stocks of companies that are principally traded in China, Honk Kong or Taiwan, derive at least 50% of their revenues from Greater China, or have at least 50% of their assets in Greater China.

Sino-Ocean Land Holdings Ltd., Zhuzhou CSR Times Electric Co. Ltd. and

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by Professional editor working for http://www.cheaponsale.com

Beijing early early of March 19, the United Kingdom store market blocked down a humble, pessimistic find clear fault redundancy written knowledge for Rio Tinto and aluminum exchanging prospects and Shell are in addition worries about long-term expansion shareholder psyche intrusive.

As of Wednesday afternoon London time, 4:30 (Beijing Thursday 0:30), the British share of the overall situation vane: FTSE 100 index fell 52.11 points to close at 3804.99 points, or 1.4%. The index was a modest early gains, but gains access to dissipate after midday. Continental Europe, the Frankfurt and Paris stock markets higher the stock market fell.

UK National Statistics Office broadcast that, according to ILO values, in November final year to January this year, three months of unemployment in the United Kingdom a total of 2,030,000 employees, the unemployment rate boosted to 6.5%. Compared with the earlier three months, the …

Shorting Gold: 8 More Signs Gold is Overdue for a Correction

by Louis Basenese, Advisory Panelist Senior Analyst, The Oxford Club

Two weeks ago I told you it was time to start shorting gold. And the recommendation, as I expected, ignited a brew-ha-ha on our Investment U message board.

That’s because there’s not much middle ground. Most investors are either fanatical or supremely skeptical. If you have any doubt, check out the comments - and all the wonderful names I got called - on our website.

But since I’m a glutton for punishment, and since gold moved in exactly the opposite direction I predicted, it’s time for an update and a little clarification.

A Morsel of Clarification on Shorting Gold

Let me start off with a morsel of clarification. I don’t hate gold. I own it, or more accurately, an interest in gold via gold mining shares. And I believe a

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In the darkest hours of the market, we need to be looking for the next bull. Louis Basenese says the lessons from history show that traditionally riskier small-cap stocks could actually be the smartest bet right now.

Yesterday we got confirmation that the U.S. economy contracted by 0.5% in the third quarter. And most economists expect the downturn to accelerate, with GDP checking in as low as negative 6% in the fourth quarter. Here’s why I’m not concerned…

A more important trend is emerging. Remember, on November 19 I told you to consider going big, by going small with small caps. Well, the markets didn’t leave much time for preparation.

In that short span, small caps jumped 6.38%, almost tripling the returns of large caps, based on the Russell 2000 and Russell 3000 indexes. Of course, it’s too early to declare a full-blown rally. But we shouldn’t be ignorant to the subtle

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Small-Cap Stocks: The Most Important Trend Headed into 2009

by Louis Basenese, Advisory Panelist, Investment U Associate Investment Director, The Oxford Club Wednesday, December 23, 2008: Issue #906

Yesterday we got confirmation that the U.S. economy contracted by 0.5% in the third quarter. And most economists expect the downturn to accelerate, with GDP checking in as low as negative 6% in the fourth quarter. Here’s why I’m not concerned…

A more important trend is emerging. Remember, on November 19 I told you to consider going big, by going small with small caps. Well, the markets didn’t leave much time for preparation.

In that short span, small caps jumped 6.38%, almost tripling the returns of large caps, based on the Russell 2000 and Russell 3000 indexes. Of course, it’s too early to declare a full-blown rally. But we shouldn’t be ignorant to the subtle shifts in market leadership.

Remember, the market’s a forward-looking beast. And

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South Africa Hedge Fund Guide to Hedge Funds in South Africa Here is a short guide collection of articles on the hedge fund industry in South Africa. I am always looking for more valuable online tools and resources to add to these geographical hedge fund guides to the hedge fund industry. If you have a white paper or PowerPoint that I can include here please send me an email and I will post it for everyone's benefit. This latest edition of Doing Business with South Africa is a uniquely authoritative source of economic data and business information. The guide reviews business conditions in the new South Africa, the changing local and provincial ...