Investment industry

Former ABN AMRO employees created their own investment firm

July 3, 2009 - 8:01pm | |
Former ABN AMRO employees created their own investment firm
Dutch bank ABN AMRO former employees set up their own company in the Netherlands and Britain, called Aethra Asset Management. The new company will service institutional clients and retail investors too. Aethra’s first products will be created by employees who focus on tactical asset allocation and European growth stocks.

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Wells Fargo invests $208,000 to support Asian Americans entrepreneurs

July 3, 2009 - 4:26pm | |
Wells Fargo invests $208,000 to support Asian Americans entrepreneurs

Wells Fargo revealed its plans to invest $208,000 in the US Pan Asian American Chamber of Commerce (USPAACC) Education Foundation for a national research study of the characteristics and interests among business owners in the six largest Asian American ethnic groups: Chinese, Asian Indian, Filipino, Korean, Vietnamese and Japanese.

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Eight ETFs of ProShares to be served by J.P. Morgan

July 2, 2009 - 6:45pm | |
Eight ETFs of ProShares to be served by J.P. Morgan
ProShares, part of ProFunds Group, has assigned J.P. Morgan Worldwide Securities Services to service eight newly established international exchange traded funds of ProShares

64 of ProShares’ equity and fixed income ETFs with total assets of $25 billion are already offered by custody, fund accounting and fund administration practices provided by J.P. Morgan WSS. The number of ProShares ETFs serviced by J.P. Morgan now totals 72. 

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Australia, China and Japan are the best countries for property investment

July 1, 2009 - 8:55pm | |
Australia, China and Japan are the best countries for property investment

The Asian Real Estate Association with the European Association for Investors conducted the Investment Intentions Asia Survey 2009 in Non-Listed Real Estate Vehicles and the Pension Real Estate Association. The survey showed that many investors are regularly getting on a plane to Australia this year. The reason is that the investor interest had been generated by Australia's falling property prices and the lower Australian dollar.

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Investors to bet against recovery?

July 1, 2009 - 4:12pm | |
Investors to bet against recovery?
Investment manager MacroMarkets launched exchange-traded products on the NYSE Arca on Tuesday. These new exchange-listed securities will enable investors to bet for or against a recovery in the residential real estate market with which the movements of U.S. home prices will be imitated. The ascent in U.S. housing prices will be reflected by the rise of the MacroShares Major Metro Housing Up whereas MacroShares Major Metro Housing Down profits when real estate values fall
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