Products

ETF tax advantages

The three key characteristics that make exchange–traded funds (ETFs) tax-efficient are easily defined. They are: Index-based ETFs have extremely low turnover. Transactions trigger gains taxable in the hands of unit holders. The redemption of ETFs allows for in-kind transfers, allowing sponsors to transfer out the lowest cost shares without incurring tax. This maintains the adjusted-cost […]

By Mark Yamada |March 1, 2010

4 min read

Jovian buys into Aussie ETF firm

Jovian Capital is hoping to transform Horizons BetaPro a global player in the ETF marketplace. The company and its subsidiary BetaPro Management Inc. have completed an equity investment in BetaShares Holdings Pty Ltd., a private Australian holding company. BetaPro is the manager of the Horizons BetaPro exchange traded funds. Jovian has bought a 40% equity […]

By John Powell |March 1, 2010

1 min read

Direxion adding two new ETFs

Direxion Shares is adding two new ETFs to its array of leveraged funds. The new bond ETFs will give investors exposure to three times the daily performance of two-year Treasuries. The Direxion Daily 2-Year Treasury Bull 3x Shares (TWOL) seeks 300% of the daily performance of the NYSE Arca Current 2-Year U.S. Treasury Index, a […]

By John Powell |February 26, 2010

1 min read

Portfolio management needs to mature

There’s not much new in the world of asset allocation despite the drubbing portfolios sustained last year. Many of the best and the brightest minds, and the most researched and supported techniques, failed to save Humpty Dumpty from shattering on impact. To be sure, diversification never seems to work when fear and flight take control […]

February 24, 2010

5 min read