Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:First Active ETF Launch is Delayed Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 18, 2008

First Active ETF Launch is Delayed

Reported by Armie Margaret Lee

Today would have marked the first launch of an active ETF. However, Bear Stearns Asset Management is not pushing through with the rollout of the Bear Stearns Current Yield Fund at the American Stock Exchange today.

An Amex spokesperson said on Monday that the ETF "is not listing tomorrow." A Bear Stearns spokesperson was not immediately able to comment.

It was not immediately clear whether a new date has been set.

Bear Stearns had announced Monday last week that the active ETF would start trading on the Amex on March 18.

If Bear Stearns puts its launch plans on hold at least for a couple of weeks, a firm that could end up getting the much coveted "first to market" title is PowerShares, which declared in late February that it had become the first ETF provider to receive exemptive relief from the SEC for actively managed ETFs in registration.

Asked by The MFWire on Monday whether PowerShares has pinned down a date for the launch of the four active ETFs, a company spokesperson said PowerShares hopes to launch them in "early April."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use