AssetMark Launches New ETF Asset Allocation Portfolios.Business Editors PLEASANT HILL, Calif.--(BUSINESS WIRE)--April 2, 2002 AssetMark Investment Services, Inc., a leading investment management and consulting firm, today announced the introduction of their new Exchange Traded Funds Exchange Traded Funds (ETF) Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. (ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). ) asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. portfolios, to be managed by Standard & Poor's and Breen Financial Corporation. The portfolios offer investment advisors the ability to utilize ETFs within a managed account framework, in conjunction with institutional fixed income mutual funds. The portfolios are available for clients investing a minimum of $100,000, with custody and trading provided by Schwab Institutional and Pershing IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. . ETFs are passively managed baskets of securities, tracking a wide variety of sector-specific, country-specific, and broad-market equity indexes, that are traded as individual securities on a national exchange. ETFs can offer investors several advantages not typically associated with other investment vehicles. For taxable investors, ETFs offer a better ability to manage tax liability than traditional mutual funds, because of the unique way in which the funds' internal transactions are handled that provides each investor with their own individual cost basis in the underlying portfolio. This minimizes the potential for taxable gains distributions. In addition, ETFs are considerably less expensive than the majority of comparable index mutual funds. Expense ratios typically range from 0.09% for domestic offerings to 0.99% for international offerings, depending on the issuer. Standard & Poor's Investment Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , Inc., a division of Standard & Poor's, is one of the world's largest financial research and publishing organizations. S&P's Investment Committee is supported by over 40 financial analysts who assist in the ongoing asset allocation decision-making process and the selection of securities for the portfolios. S&P's portfolios are based upon the principles of Modern Portfolio Theory Modern portfolio theory Principals underlying the analysis and evaluation of rational portfolio choices based on risk return trade-offs and efficient diversification. modern portfolio theory See portfolio theory. . Portfolios are optimized and implemented with ETFs and mutual funds that are screened utilizing William Sharpe's Nobel Prize Nobel Prize, award given for outstanding achievement in physics, chemistry, physiology or medicine, peace, or literature. The awards were established by the will of Alfred Nobel, who left a fund to provide annual prizes in the five areas listed above. winning performance-based analysis. Breen Financial Corporation employs a quantitative investment strategy driven by Chief Investment Officer William J. Breen, PhD., Professor Emeritus of Finance at the Kellogg Graduate School of Business at Northwestern University. Breen Financial's investment strategy is designed to exploit changing market conditions by tactically rotating through various sectors and styles. Allocation decisions are based on the combination of proprietary models that evaluate market sentiment Market Sentiment The feeling or tone of a market (i.e. crowd psychology). It is shown by the activity and price movement of the securities. Notes: For example, rising prices would indicate a bullish market sentiment. and analyze more than eighty different fundamental financial ratios, and the judgment of the firm's experienced investment team. About AssetMark Investment Services, Inc. AssetMark Investment Services, Inc. (www.assetmark.com) was founded in 1996 and is one of the industry's leading providers of fee-based investment management solutions for investment advisors, broker dealers, banks and CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. firms. The company provides services to over 700 advisory firms, and administers more than 16,000 investor portfolios with total assets exceeding $2 billion. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion