Vanguard Capital Opportunity (VHCOX) seeks maximum long-term total return. The fund invests primarily in stocks of mid- and small-capitalization companies expected to have above-average earnings growth. Fundamental analysis and a long-term investment horizon are key components of the adviser's investment strategy. However, stocks may be sold relatively quickly if they are considered overvalued or other securities are more favorably priced. The fund invests in companies with strong industry positions, increasing sales, superior return on equity, and talented management teams. Vanguard Capital Opportunity Fund was incepted in August 1995 and is managed by the PRIMECAP Management Company.The fund distributes dividends and capital gains in December. Vanguard Total Bd Mkt Index Inv (VBMFX) looks for a high level of interest income. The fund attempts to match the performance of the unmanaged Lehman Brothers Aggregate Bond Index,

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At the end of the third quarter, Mexico had 133 ETF listings, only five of which were primary listings on the BMV.

 

J.P. Morgan's depositary receipts group says it's planning to start servicing U.S. exchange-traded funds on the Mexican Stock Exchange, the Bolsa Mexicana de Valores.

It will cross-list the ETFs in pesos—denomination and trading will be allowed through local brokers. J.P. Morgan will service the ETFs and handle all of the corporate actions.

At the end of the third quarter, Mexico had 133 ETF listings, only five of which were primary listings on the BMV. The BMV listed $4.4 billion in ETF assets at third quarter-end, an 8.9% increase from 2007, according to BGI's ETF research and implementation strategy team.

Most of the big ETF players, from Barclays Global Investors to State Street Global Advisors and The Vanguard Group, already list ETFs in Mexico. Mexico

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ETFs pegged to Lehman indexes total more than $41 billion, according to Citigroup study. 

 

Citigroup has released a research report detailing the exposure that the exchange-traded funds industry has to Lehman Brothers across the wide swath of portfolios on the market.

According to the report, a total of 34 ETFs currently track various Lehman bond indexes, representing $41.8 billion in assets as of Aug. 31.

The ranking of ETF providers in terms of ETFs pegged to Lehman bond indexes is as follows:

 

Barclays Global Investors: 14 ETF portfolios SPDRs: 10 ETF portfolios The Vanguard Group: 5 ETF portfolios Market Vectors: 3 ETF portfolios ProShares: 2 ETF portfolios

 

The Citigroup tally is good information, but it's important to note that the only risk to these portfolios would occur if the underlying index provider were actually changed for the ETFs, which could trigger a major rebalancing.

However, since BGI's parent now is

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Accurately predicting a recession is about as easy as pinpointing the landfall of a hurricane several days out. That’s still not stopping CEOs, government leaders and economists on both sides of the fence from weighing in on the matter with increasing frequency.

The U.S. economy with a $13-trillion output of goods and services, as guaged by Gross Domestic Product, or GDP — is not only the world’s largest economy, but thus far has been a resilient economy.