02/08/2010 |
Past Issues |
Defined Benefit Plans Beat 401(k)s By More Than 1%, ETF Council Set to Launch, iShares' Country ETF Blitz, and WisdomTree to Pull The Plug on 10 ETFs.
The actively managed exchange-traded funds sector is increasingly going mainstream, and Grail Advisors is riding right along with it. Grail is aggressively expanding its product lineup, introducing two fixed-income funds that brings to seven its stable of actively managed exchange-traded funds.
William Thomas, the chief executive officer of the San Francisco money manager, said in an interview that the company plans to introduce still more equity and fixed-income actively managed ETFs and is in talks with mutual fund companies that are interested in converting to the products.
Investors are about to test drive 401(k) plans with a 21st Century whole new look and feel.
The Department of Labor is promising streamlined rules for 401(k) advice that plan sponsors may actually use (see "Week in Review," page 4). The government is looking into the possibility of offering annuities or other lifetime income options in defined contribution plans.
Draper to Leave SocGen to Head ETFs at Credit Suisse, Goldman Taps McDermott To Head Institutional DC, Former Fidelity Manager Now With Sharon Merrill and BoA to Add 2,000 Advisers.