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iShares Files For Active Currency ETFs, State Street Plans Active Bond Funds
August 10, 2012 at 07:00 AM EDT
Stocks have been quietly drifting higher all week as low trading volumes and no major economic data releases paved the way for the bulls. With unresolved eurozone debt drama looming in the background, investors should keep a close watch on overseas developments as another round of selling can easily erase all of optimism building on Wall Street without notice. Although this week was fairly uneventful for stock markets, activity on the product development front was quite robust with two industry giants filing for a slew of actively-managed ETFs [see also Bill Gross: Inflation Coming Soon to a Developed Country Near You]. Veteran iShares has filled the pipeline with over a dozen single-currency ETFs; each of the proposed funds will be actively managed with a goal of delivering price and yield performance that compares to holding a foreign currency in a bank account. The proposed ETFs will accomplish their objective by holding U.S. dollar-denominated short-term fixed income [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Stocks have been quietly drifting higher all week as low trading volumes and no major economic data releases paved the way for the bulls. With unresolved eurozone debt drama looming in the background, investors should keep a close watch on overseas developments as another round of selling can easily erase all of optimism building on Wall Street without notice. Although this week was fairly uneventful for stock markets, activity on the product development front was quite robust with two industry giants filing for a slew of actively-managed ETFs [see also Bill Gross: Inflation Coming Soon to a Developed Country Near You]. Veteran iShares has filled the pipeline with over a dozen single-currency ETFs; each of the proposed funds will be actively managed with a goal of delivering price and yield performance that compares to holding a foreign currency in a bank account. The proposed ETFs will accomplish their objective by holding U.S. dollar-denominated short-term fixed income [...]
