Investing September 30, 2004

August ETFs Bulk Up in Assets

September 30, 2004 (PLANSPONSOR.com) - Exchange-traded funds (ETFs) gained assets in August, tacking on $2.38 billion or 1.3%, with every category gaining ground during the period.
Reported by

August’s total ETF assets ended at $174.5 billion, according to data supplied by the Investment Company Institute (ICI).

Meanwhile, the Total Domestic Equity Index added $1.69 billion or 1.1% to end August at $144.5 billion, followed by the Global/International Equity Index that advanced to $22.8 billion. The Bond index rose $7.12 billion, according to ICI.

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Additionally, the value of ETF shares issued in July exceeded that of shares redeemed by $1.93 billion.  The total number of ETFs was 143.

Shares of exchange traded funds trade intraday on stock exchanges at market determined prices. Investors may buy or sell ETF shares through a broker just as they would the shares of any publicly traded company (See  Black Box: Exchange-Traded Funds ).

Deals and People September 29, 2004

CII to Conduct Director Search

September 29, 2004 (PLANSPONSOR.com) - Sarah Ball Teslik, the Executive Director of the Council of Institutional Investors (CII) is resigning to accept the position of Chief Executive of the Certified Financial Planners Board of Standards, Inc.
Reported by

According to a statement on the CII Web site, Meredith Williams, executive director of the Colorado Public Employees’ Retirement Association and the Council’s board chair will coordinate a search for a replacement along with other board members.

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Teslik is the only executive director the Council has had in its 20-year history. In each of these years the Council has increased its membership, budget and reserves, according to the statement.

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