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Rating:ETFs to Invade Tokyo? Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, June 07, 2001

ETFs to Invade Tokyo?

Reported by InvestmentWires Staff, 

Break out the Oval Office pens. What started as the Portman-Cardin bill will be enacted as the Economic Growth and Tax Reconciliation Act today when President Bush puts his signature to the bill. The new legislation raises contribution limits for both 401(k) plans and IRAs.

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In the latest move in a recent succession of partnerships, OnePipeline will supply MorningstarAdvisor.com with its Automated Compliance System for mortgage loans.

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ETF's are not just for the US. State Street Japan is mulling over an ETF to track the Nikkei, the TOPIX and the Nikkei 300 index, reports Reuters. The products would trade in Tokyo.

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June 29 will be the final day for investors to get into The Hartford MidCap Fund.

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Delaware Management Company has waived 34 percent of its management fee for National Convertible Securities Fund in order to ease financial burdens posed by litigation expenses and a proxy fight from a dissident shareholder of the Fund.

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New York Life Benefit Services is launching a highly customizable website for retirement plan clients. The website will allow for seamless integration between the feel of the client's website and NYLB's website services. Furthermore, NYLB has reorganized their websites for plan sponsors and participants.

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The Association for Investment Management and Research (AIMR) and Russell Reynolds Associates jointly released a compensation survey of: portfolio managers, securities analysts, pension officers, marketing/client services professionals, and executives at investment management and financial firms. The median salary grew 15% from 1999 to $190,000. The survey found that compensation varied according to: gender, location, and job function.  

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