MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, December 6, 2000 December 6, 2000 ProFunds Appears to be On Collision Course With S&P From Wall Street Journal ProFund Advisors is planning on joining SSgA, Barclays, Vanguard and Nuveen in offering exchange-traded funds. The product would be offered as a share classes for its 30 index-based funds. The paper reports that the firm is planning to file papers with the Securities and Exchange Commission this week for five of its index offerings based on the Standard & Poor's 500-stock index or the S&P Midcap Index. As with Vanguard, however, the paper reports that S&P is claiming that ProFunds' current licensing agreement does not cover ETFs. Full-Dealer Allowances Revealed From TheStreet.com PaineWebber, Oppenheimer and Kemper have all boosted commissions paid to brokers who sell certain funds before the end of the year. The article describes full-dealer reallowances and the potential for conflicts of interest for its retail investor readers. Kemper Funds is paying full reallowance to PaineWebber on Class A share sales on more than 40 stock and bond funds from Sept. 25 through Dec. 31, says TheStreet, and it is also paying an extra 0.5% commission on Class B and Class C shares to the brokerage arm of First Union. Printed from: MFWire.com/story.asp?s=26011 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |