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Full-Text Articles in Securities Law

The Fortunes And Foibles Of Exchange-Traded Funds: A Positive Market Response To The Problems Of Mutual Funds, William A. Birdthistle Jan 2008

The Fortunes And Foibles Of Exchange-Traded Funds: A Positive Market Response To The Problems Of Mutual Funds, William A. Birdthistle

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One of the most dynamic and complex new investment vehicles on the market today is the exchange-traded fund (ETF), a security that provides the diversification of a mutual fund but trades on a securities exchange like a stock. In just fifteen years, the number of ETFs has proliferated to well over 600, attracting more than half a trillion dollars in investment. The majority of that expansion has occurred in just the past two years, largely as a consequence of recent difficulties in the mutual fund industry. With ETF sponsors aggressively seeking to create novel kinds of ETFs and to add …


Shareholder Primacy's Corporatist Origins: Adolf Berle And The Modern Corporation, William W. Bratton, Michael L. Wachter Jan 2008

Shareholder Primacy's Corporatist Origins: Adolf Berle And The Modern Corporation, William W. Bratton, Michael L. Wachter

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No abstract provided.