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Risk

Survey finds bearish sentiment waning as risk appetite improves

Bearish sentiment among investors about the outlook for the global economy and corporate earnings has eased, according to the BofA Merrill Lynch Survey of Fund Managers for August. »

Graphs

Asia Pacific ETF AUM down 2.2 per cent

Assets under management of Asia Pacific exchange-traded funds declined 2.2 per cent in the week ending 13 August to USD63.5bn, according to Deutsche Bank. »

Computer screen

Edward Jones Advisory Solutions adds 12 model portfolios

St. Louis-based financial services firm Edward Jones has added 12 model portfolios to its mutual fund and exchange-traded funds advisory programme, Edward Jones Advisory Solutions. »

Hartmut Graf, chief executive officer, Stoxx

Stoxx launches non-capped supersector indices for Europe

Index provider Stoxx has launched the Stoxx Europe 600 NC Supersector Indices, a set of non-capped supersector indices for the European region. »

Steven A. Baffico, senior managing director at Claymore Securities

Claymore closes four ETFs

Claymore Securities, an exchange-traded fund sponsor with approximately USD3bn in ETF assets under management, is closing and liquidating four lightly followed ETFs. »

Moscow

Troika Dialog – Index RTS Standard sees RUB300.6m turnover on first day

Turnover on the Troika Dialog – Index RTS Standard, an open-ended mutual fund for Russian investors, totalled RUB300.6m on its first day of trading, while the number of deals totalled 227.    »

Index

Components in Dow Jones Select MicroCap Index to decrease to 217 from 258

Dow Jones Indexes has carried out its annual review of the Dow Jones Select MicroCap Index and its semi-annual review of the Dow Jones US Contrarian Opportunities Index. »

ETFs

Global ETF assets up 5.7 per cent

At the end of July 2010 the global exchange-traded fund industry had 2,282 ETFs with 4,872 listings, assets of USD1,095.2bn, from 124 providers on 42 exchanges around the world, research by BlackRock shows. »

India

EGShares launches India infrastructure ETF

EGShares, an emerging markets sector exchange-traded fund provider, has launched the EGShares India Infrastructure ETF, the first ETF that offers investors exclusive access to Indian companies positioned to benefit from infrastructure development in India. »

Century City, California

Belmont Capital Group launches in California

Stephen Solaka and Daniel Beckwith have formed Belmont Capital Group in Century City, California. »

Man with laptop

Carbon360 launches the Fund Administration Market

Research and consulting firm Carbon360 has launched the Fund Administration Market, a service designed to aid fund managers with the selection of fund administrators. »

Anthony Rochte, senior managing director at State Street Global Advisors

State Street to sub-advise Lincoln’s variable life and annuity solutions

State Street Global Advisors has been selected by Lincoln Financial Group to sub-advise variable life insurance and variable annuity investment options, which employ a tactical asset allocation strategy and invest in a range of investment solutions. »

Money and calculator

US ETP inflows total USD5.8bn

Total exchange-traded product inflows in the US added up to USD5.8bn during the week ending 6 August, according to Deutsche Bank. »

Philippe El-Asmar, managing director, head of investor solutions at Barclays Capital

Barclays launches eight iPath ETNs linked to US treasury futures indices

Barclays Bank has launched eight iPath exchange-traded notes on the NYSE Arca stock exchange. »

Nigel Strachan, Ed Devonport, Jersey Funds Association

New heads for Jersey Funds Association

Nigel Strachan, Head of New Business for corporate clients at Kleinwort Benson (pictured above left), has been appointed Chairman of the Jersey Funds Association and Edward Devenport (pictured above right), partner at Mourant Ozannes, takes on the role of Vice Chairman. »

Commodities

United States Commodity Index Fund is launched

United States Commodity Funds, a sponsor of exchange traded commodity funds, has listed the United States Commodity Index Fund on the New York Stock Exchange Arca. »

Asia Pacific map

Asia Pacific ETF AUM drops by five per cent

Assets under management of Asia Pacific exchange-traded funds fell by five per cent in the week ending 6 August to USD64.9bn, research by Deutsche Bank shows. »

Tommy Thomasson, president and chief executive of DailyAccess

DailyAccess launches ETFs in employee benefit plans

DailyAccess has formed an alliance with Mid Atlantic Financial Platforms to offer exchange-traded funds in employee benefit plans. »

Bruce Lavine, WisdomTree president and chief operating officer

WisdomTree launches Emerging Markets Local Debt Fund

WisdomTree, an exchange-traded fund sponsor and asset manager, has launched the WisdomTree Emerging Markets Local Debt Fund on the NYSE Arca. »

Mutual funds

Alps adds five mutual fund clients in second quarter

Alps Fund Services, a provider of asset servicing to the investment management industry, added five new mutual fund clients in the second quarter of 2010. »