US - The American Stock Exchange and Barclays Global Investors are now trading in a new iShares product based on the MSCI EAFE Index Fund.
The US benchmark - MSCI EAFE(R) Index - measures international equity performance. It comprises 21 MSCI country indices, representing developed markets outside of North America - Europe, Australasia and the Far East - and uses a representative sampling strategy to track the Index.
iShares are the exchange traded funds (ETFs) managed by Barclays Global Fund Advisors, a subsidiary of Barclays Global Fund Investors. Amex and BGI have now a total of 66 iShares.
*Amex pioneered the concept of ETFs in 1993 with the introduction of trading in SPDRs(R) - Standard & Poor's Depositary Receipts(R), an exchange - traded unit investment trust based on the Standard & Poor's 500 Index(R). There are now 107 ETF products trading on the Amex, with assets totalling over $80bn.
By Madhu Kalia
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.