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Rating:Odd Lots, March 23, 1999 Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, March 23, 1999

Odd Lots, March 23, 1999

Reported by Jason Shank

As reported in the MFWire, State Street Global Advisors is launching a new SSgA IAM Shares fund that will invest two-thirds of its assets in public companies that employ International Association of Machinists members. The Boston Herald reports on this and the only other union-centric fund, the MFS Union Standard Fund.

Since its launch March 10, 30 million Nasdaq 100 shares have traded, making it the most popular product launch ever at the American Stock Exchange. The most popular index shares remain the SPIDER, which mimics the Standard & Poor's 500 index, according to USA Today.

Investors Group Inc., Canada's biggest mutual fund company, with US$23.49 billion in assets managed, expects continued strong earnings and also plans this year to increase its presence in Quebec, which it sees as a real area of opportunity. It plans to introduce a Quebec-focused fund later this year, says The Wall Street Journal

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