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 |
|
Tuesday, October 10, 2000 Good Fortune for SSgA ETFs Fortune is developing new revenue streams by licensing its Fortune 500 and Fortune e-50 indexes for fund products. The first out is a exchange-traded fund advised by State Street Global Advisors (SSgA). The two new ETFs formally launched today. The funds, the shares of which will be called the "FORTUNE 500 Index Tracking Stock" and "FORTUNE e-50 Index Tracking Stock," trade on The American Stock Exchange under the ticker symbols of FFF and FEF, are part of the streetTRACKS Series Trust that was introduced by SSgA last month. A report in InvestmentNews added that other publishers, including Institutional Investor and Forbes are considering licensing indexes for similar products. Printed from: MFWire.com/story.asp?s=26177 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |