Investing

NASDAQ Moves Closer to Major Restructuring

Jan. 25, 2001 (PLANSPONSOR.com) - The NASDAQ stock market has moved a step closer to its planned reorganization and re-capitalization which was overwhelmingly supported by the NASD membership in an April 2000 vote.

Internet Investment Fuels Q4 ETF Surge

January 25, 2001 (PLANSPONSOR.com) - Investment in exchange traded funds (ETFs) soared more than 50% during the fourth quarter and now totals nearly $71 billion, as the mutual fund alternative drew more investors.

CalPERS Adopts FTSE as International Benchmark

January 25, 2001 (PLANSPONSOR.com) - The $177 billion California Public Employee Retirement System intends to adopt the FTSE All-World Index, with some minor changes, as its benchmark of choice, according to FTSE, Inc.

Hedge Funds End 2000 On A Strong Note

January 16, 2001(PLANSPONSOR.com) - Hedge fund diversification paid off for institutional investors last year, according to the CSFB/Tremont Hedge Fund Index. The index finished the year up 4.8%, and up 2.7% in December in sharp contrast with most equity index returns.

Participants Brace for 401(k) Statement "Shock"

January 15, 2001 (PLANSPONSOR.com) - Plan sponsors might want to begin preparing for a severe case of "statement shock" as the nation's 32 million 401(k) participants begin opening their 401(k) statements.

Little Difference in Large Company Trades on NASDAQ, NYSE

January 9, 2001 (PLANSPONSOR.com) - According to an anxiously awaited SEC report, there is little difference in the spreads on very large company trades, regardless of if they are executed on the New York Stock Exchange or NASDAQ - though some trades may be executed faster on NASDAQ.

Hedge Funds Rack Up Gains in 2000

January 9, 2001 (PLANSPONSOR.com) - Hedge funds managed to outperform broader US equity markets for the second year in a row, as measured by the Hennessee Hedge Fund Index that racked up a 7.88% gain net of fees last year.

Participant Trading Spikes on Market Highs

January 4, 2001 (PLANSPONSOR.com) - Participants in the Hewitt 401(k) Index ended the year on a quiet trading note, but started 2001 with a flurry of activity, with transaction levels about 2.5 times normal on January 3.

S&P Indices Reclassified

January 2, 2001 (PLANSPONSOR.com) - Standard & Poor's has completed the reclassification of its US indices, including the S&P 500, shifting to the Global Industry Classification Standard (GICS), an ordering system developed by S&P and Morgan Stanley Capital International (MSCI).

Value-Able Funds Make 2000 Comeback

January 2, 2001 (PLANSPONSOR.com) - Proving the value of portfolio diversification, value funds made a comeback in 2000, according to mutual fund tracker Lipper.

A Rough Year for Global Stock Markets

December 28, 2000 (PLANSPONSOR.com) - Just six of the world's top 38 stock market indices posted gains over the past year, according to calculations by Merrill Lynch. China's Shanghai B index led the way, gaining 136.6%.

NASDAQ Settlement Checks Are In the Mail

December 26, 2000 (PLANSPONSOR.com) - Settlement proceeds from the record $1.027 billion NASDAQ Market Makers antitrust litigation are reportedly in the mail - but it could be a little while before affected pension plans see the money.

Option Order Flow Payments Influence Direction, Not Price – SEC

December 19, 2000 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) says that while the vast majority of brokers are accepting payments in exchange for passing along customer orders in the US options markets, there is little evidence of any impact - good or bad - to investors.

Q3 Hedge Flows Rebound Sharply

December 13, 2000 (PLANSPONSOR.com) - Hedge fund investment underwent a dramatic turnaround in the third quarter, with $4.2 billion in net new investment, contrasted with a $4.9 billion outflow in the prior three months.

Rough Ride Sends Participants Looking for Cover

December 11, 2000 (PLANSPONSOR.com) - Despite continued volatility - and an uncertain presidential outcome - 401(k) investors were willing to ride it out, with no above normal trading volume days registered in November by the Hewitt 401(k) index.