Old Mutual Enters ETF Arena with Zero Fee Teaser Rate

Old Mutual, a name long associated with mutual funds, has entered the ETF arena with today’s (12/08/2009) launch of GlobalShares FTSE Emerging Markets Fund (GSR) . In an acknowledgement that it is already a crowded field, and taking a cue from Schwab that it needed to be noticed, the firm will cap expenses at 0% until January 31, 2010. At that time, expenses will be capped at 0.39% for the following two years. The company expects to offer…