Financial Intermediary Web Site Launched
T. Rowe Price has launched a new, expanded Web site
for financial intermediaries that provides streamlined access to
institutional investment content and educational resources approved for
client use.
The site, http://www.troweprice.com/fi, is designed for
financial advisors and other intermediaries such as broker-dealers,
clearing firms, banks and defined-contribution record keepers.
Featured areas of the site include:
• Investment Products: performance data, portfolio
holdings, attribution analysis, style analysis graphs, manager
commentary, fund facts and other information.
• Advisor Resources: sales ideas and sales campaigns
on topics such as understanding and advising today‚s preretirees,
managing retirement income and behavioral finance, and investment
perspective reports on various asset classes and topical investing
themes.
• Literature and Forms: downloadable prospectuses and fund reports.
• Important Updates: featured content on timely
matters such as fund updates, distributions and taxes and commentary on
current issues affecting the markets.
"As our business with financial intermediaries
continues to grow, enhancing our online offerings with proprietary
investment analysis and easy access to portfolio data will enable us to
better provide intermediaries with the information they need to manage
and evaluate their investments," says Ken Rutherford, director of
marketing, third-party distribution for T. Rowe Price.
Rydex Launches High-Yield Funds
Rydex Investments has introduced two funds designed
to provide exposure to the high-yield bond market. Rydex High Yield
Strategy Fund and Rydex Inverse High Yield Strategy Fund offer trading
flexibility and the ability to take advantage of falling and rising
credit default rates.
"Although the traditional high-yield fund arena is
quite crowded, the availability of more liquid high-yield offerings is
limited," says Kevin McGovern, mutual fund business manager at Rydex
Investments.
Pershing Becomes Bonds Market Maker
Pershing LLC, a subsidiary of The Bank of New York
Company Inc., is now a market maker on NYSE Bonds, the New York Stock
Exchange‚s electronic corporate bond trading platform.
Pershing‚s fixed-income trading desk will be a
liquidity provider and will have the ability to electronically enter
orders to buy or sell bonds listed on the platform.
More information is available at http://www.pershingadvisorsolutions.com.
Packaged Portable Alpha Strategy Launched
Victory Capital Management Inc., the asset
management subsidiary of KeyCorp, has launched a packaged portable
alpha strategy with its affiliate, Austin Capital Management Ltd., an
investment advisor to a hedge fund-of-funds, based in Austin, Texas.
The firm also has launched a liability-driven
investing strategy, which spans the LDI spectrum from Victory‚s
traditional fixed-income expertise to the alternative strategies
offered by Austin.
Schwab OneSource Adds Dunham Funds
Dunham & Associates Investment Counsel Inc.
announced that its family of asset-class mutual funds with
performance-based sub-advisor compensation has been added to the Schwab
Mutual Fund OneSource service.
The Dunham Funds are now available to
independent registered investment advisors and their clients at Charles
Schwab & Co. Inc. The Schwab Mutual Fund OneSource service enables
individuals to invest in no-load, no-transaction fee mutual funds.
For more information, visit http://www.dunham.com.
Morningstar Offering Data Via Wireless
Morningstar Inc. is partnering with Pyxis Mobile to
deliver real-time Morningstar mutual fund and exchange-traded fund data
to fund wholesalers through their mobile devices.
With Morningstar Mobile for Wholesalers, fund
wholesalers who use mWholesaler, Pyxis Mobile‚s wireless software, can
access Morningstar fund data directly from their Blackberry or Windows
Mobile-powered devices.
More information is available at http://www.pyxismobile.com.
ADVISOR EMPORIUM
June 1, 2007
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