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, June 19, 2001 Brokat's New Launch Brokat has released M-Investor, a platform that allows for real-time wireless trading. * * * Pending shareholder approval, AIM funds hopes to reorganize the following funds by September: the Latin American Growth Fund will be rolled into the Developing Markets Fund, the Japan Growth Fund will jump ship and join the International Equity Fund, the Global Consumer Products and Services Fund well be turned into the Global Trends Fund, the AIM Advisor Flex Fund will morph itself into the Balanced Fund, and the Tax-Exempt Bond Fund of Connecticut will jump into the britches of the Municipal Bond Fund. * * * The Tokyo Stock Exchange has partnered with the AMEX in an alliance to develop a platform to cross-list and trade US and Japanese ETFs. Moving on the industry trends of globalization and product diversification, the two exchanges will jointly handle marketing and investor education efforts. * * * Fred Hager of the Hager Technology Research and FredHager.com, will contribute market commentary and research to MetaMarkets.com. * * * SunGard Financial Networks has launched an end-to-end trade processing technology suite that will meet the demands of T+1 through the establishment of one electronic connection throughout the life of a trade. * * * Goldman Sachs reported net earnings of $577 million or $1.06 per diluted share for the second quarter ending May 25. This is considerably lower than the $1.40 per share from last quarter and $1.48 from the second quarter of last year. Bright spots include a 14 percent increase from last year in assets under management. * * * According to the Wall Street Journal, the NYSE will postpone the introduction of: Diamond, SPDR, and QQQ ETFs in an effort to avoid trading problems that plagued the NYSE on June 8th. Trading of these non-NYSE ETFs is expected to begin in mid-July. Printed from: MFWire.com/story.asp?s=26852 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |