Investing April 14, 2003

S&P 500 ETF Assets Deteriorate 17% in 2002

April 14, 2003 (PLANSPONSOR.com) - Assets in Exchange Traded Funds (ETF) based on the S&P 500 decreased 17% in 2002.
Reported by

The 17% decline is tempered when compared to the overall decrease of 23% recorded by the S&P 500 in 2002, a difference attributed to a 39% increase in S&P 500 ETF inflows in 2002, according to the results of Standard & Poor’s annual survey of assets linked directly to the company’s US indices.

Similarly, other indexes experienced gains. The mid-cap and small-cap indices had inflows of 22.2% and 43.5%, respectively.

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Further, the annual survey tracked for the first time ETF assets linked to the S&P ADR Index, which totaled over $300 million. The S&P ADR Index is a new index, introduced in late 2002, tracking foreign stocks that have eligible ADR programs or listings on US markets.  

Also the survey provided data for new combinations of the S&P 1500 SuperComposite index components such as the S&P 900 (S&P 500 + S&P MidCap 400) and the S&P 1000 (S&P MidCap 400 + S&P SmallCap 600).

Based on the 2002 survey responses from asset managers and plan sponsors, S&P estimates that approximately 90% of the total S&P indexed assets market share was captured.   Not included in the results are active funds or assets that are benchmarked to S&P indices for performance measurement.

Complete survey results are available on the S&P Indices area of  www.standardandpoors.com .

Products April 12, 2003

D&T Partners With HR Internet Company

December 16, 2002 (PLANSPONSOR.com) - Deloitte & Touche LLP, is teaming up with an Internet company specializing in HR programs to offer clients not only HR consulting, but software to help implement suggested corporate enhancements.
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According to an announcement from Deloitte & Touche and Workscape, the joint client offering will be designed to not only promote Workscape’s software but Deloitte and Touche consulting services including its eHR strategy.

eHR, which the announcement said includes needs appraisal, change management, communication, and back-end integration services, will be offered in concert with Workscape’s suite of HR applications. Those include proigrams for employee self-service, manager self-service, benefits enrollment and compensation planning, the announcement said.

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The companies said that their joint venture can help clients improve employee performance and efficiency, reduce administrative costs, and enhance communication between managers, employees and outside HR suppliers.

According to the announcement, Employee.com, Workscape’s Internet portal, pulls together Workscape’s applications with content from employer sources, such as corporate intranets, and syndicated third-party sources in a consolidated view.

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