Investments

ETF tax advantages

The three key characteristics that make exchange–traded funds (ETFs) tax-efficient are easily defined. They are: Index-based ETFs have extremely low turnover. Transactions trigger gains taxable in the hands of unit holders. The redemption of ETFs allows for in-kind transfers, allowing sponsors to transfer out the lowest cost shares without incurring tax. This maintains the adjusted-cost […]

By Mark Yamada |March 1, 2010

4 min read

Jovian buys into Aussie ETF firm

Jovian Capital is hoping to transform Horizons BetaPro a global player in the ETF marketplace. The company and its subsidiary BetaPro Management Inc. have completed an equity investment in BetaShares Holdings Pty Ltd., a private Australian holding company. BetaPro is the manager of the Horizons BetaPro exchange traded funds. Jovian has bought a 40% equity […]

By John Powell |March 1, 2010

1 min read

A.M. market numbers for March 1, 2010

North American markets Back to Top Open Change YTD Dow Jones 10,325.26 +4.23 or +0.04% -0.99% S&P 500 1,104.49 +1.55 or +0.14% -0.95% NASDAQ 2,238.26 +4.04 or +0.18% -1.36% TSX Composite 11,629.63 -1.81 or -0.02% -0.99% International markets Back to Top Open Change YTD Nikkei 10,172.06 +46.03 or +0.45% -3.55% Hang Seng 21,056.93 +448.23 or […]

By Staff |March 1, 2010

1 min read

P.M. market data for March 1, 2010

North American markets Back to Top Close Change YTD Dow Jones 10,403.79 +78.53 or +0.76% -0.23% S&P 500 1,115.71 +11.22 or +1.02% +0.05% NASDAQ 2,273.57 +35.31 or +1.58% +0.19% TSX Composite 11,728.06 +98.43 or +0.85% -0.15% International markets Back to Top Close Change YTD Nikkei 10,172.06 +46.03 or +0.45% -3.55% Hang Seng 21,056.93 +448.23 or […]

By Staff |March 1, 2010

1 min read