Sunday, August 07, 2005

CORRECT: Loss of ETF business sharp blow for Amex (Investors.com)

Weekly Wrap: Oil, Employment Data Boost Markets (ETFZone.com via Yahoo! Finance)
Most broad market ETFs ended the week slightly lower.

American Stock Exchange's share of ETF market (CBS Market Watch)
A MarketWatch story published Aug. 1 mischaracterized comments by journal editor Jim Wiandt about market share in ETF trading. Wiandt actually stated that the American Stock Exchange’s share of the most heavily traded exchange-traded funds had declined to the single digits, but its share of the overall market is higher.

Newsletter editor says 'buy the manager, not the fund' (CBS Market Watch)
SAN FRANCISCO (MarketWatch) -- Jim Lowell, editor of both the Fidelity Investor and ETF Trader newsletters, says investors considering actively managed mutual funds should "buy the manager, not the fund."

ETF Spends N1.54bn on Imo Institutions (This Day)
Education Trust Fund (ETF) has spent N1.54bn on projects funding for educational institutions in Imo State since inception of the Obasanjo administration in 1999.

CORRECT: Loss of ETF business sharp blow for Amex (Investors.com)
(Corrects ETF market-share description by journal editor Jim Wiandt.) BOSTON (MarketWatch) -- Sometimes on Wall Street, nothing fails like success. The old saw seems particularly apt just now for the American Stock Exchange.

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