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

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

Rating:X.com Names Barclays For Funds Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, September 20, 1999

X.com Names Barclays For Funds

Reported by Jason Shank

Internet entrepreneur Elon Musk's newest venture, X.com, a banking and financial services "supersite" with a scheduled launch later this year, has hired Barclays Global Fund Advisors to serve as investment advisor to its family of funds.
Related Links
  • X.com
  • On MFWire.com
  • Mutual Fund Vet Joins X.com
  • The company is planning to offer three funds initially -- a S&P 500 index fund, a U.S. aggregate bond fund and a money market fund. The funds will be available only to X.com's banking customers.

    "Some will see this as an improbable partnership -- a Silicon Valley Internet startup and a venerable investment house with a lineage to 17th Century England," observed X.com Asset Management president John Story. "But it's really a match of industry innovators. To have Barclays Global stand today with X.com is testimony to the potential of our shared vision."

    "As the world's largest provider of index strategies, we bring X.com and its customers unparalleled expertise in managing index and quantitative portfolios for institutions all over the world," said Lee Kranefuss, managing director of the Individual Investor Group for Barclays Global Investors. "This agreement will enable X.com to deliver world-class, institutional-level investment products to its customers at a cost structure only the Internet can enable."  

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

     Do You Recommend This Story?

    GO TO: MFWire
    Return to Top
     News Archives
    2022: Q4Q3Q2Q1
    2021: Q4Q3Q2Q1
    2020: Q4Q3Q2Q1
    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. 1997-2022
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use