Investing July 25, 2001

ETF Assets Rise $2.8 Billion in June

July 25, 2001 (PLANSPONSOR.com) - The assets invested in US exchange-traded funds (ETFs) rose to $75.56 billion at the end of June, up from $72.77 billion the previous month, according to the Investment Company Institute (ICI).
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The figure includes the total investments in domestic broad-based and sector ETFs combined with that invested in global ETFs, funds with shares that trade throughout the day on exchanges at prices driven by the market forces of supply and demand.

In June, the value of shares issued exceeded the value of those redeemed by $3.42 billion, a turnaround from the previous month when net redemptions reached $248 million.

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The latest figures show gross issuance reaching $7.23 billion, up from $4.05 billion the previous month while gross redemptions were lower at $3.81 billion, compared with $4.3 billion in May

Benefits July 24, 2001

HR Professionals Oppose Senate PBOR – Poll

July 24, 2001 (PLANSPONSOR.com) - A majority of human resources (HR) professionals believe that the Senate version of the Patient's Bill of Rights will do more harm than good, according to a poll.
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Supporters of the bill believe that it will improve coverage, while those on the other side of the fence believe the legislation would do more to raise health-care costs than improve coverage.

The poll, conducted by BenefitsNext.com, BLR.com and HRnext.com, revealed that:

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  • almost 70% of HR people believe that the costs would outweigh whatever improvements it brought in coverage
  • only 16% believe that the health-care improvements would more than offset the costs,
  • while, 15% predict it would make no difference in cost or quality

The accompanying discussion in the Community section of HRnext took a similar tone, with the majority opposing the provision allowing patients to sue their HMOs in federal court if they are denied benefits, arguing that it would only benefit trial lawyers and lead to higher premiums for everyone else.

The poll was taken between July 2 and July 9, 2001 and comprised 323 votes.

Read more at PBOR Hearing Postponed, Advice Bill Hearing Scheduled .

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