cash

The China Investment Corporation holds $2.4bn in ETFs and is one of many institutional investors to increase usage of these funds, according to State Street Global Advisors (SSgA).

Source has released four base metal T-ETCs comprising aluminium, copper, nickel and zinc on the Xetra platform of the Deutsche Boerse.

The number of institutional investors using ETFs increased 12% in 2008 with nearly 3,000 investors worldwide holding these funds, according to a report from Barclays Global Investors (BGI).

Astor Asset Management has launched a mutual fund of ETFs, combining its Long/Short Balanced ETF programme with active management.

Source has listed an ETC offering exposure to crude oil futures contracts on the Xetra platform.

A survey highlights the growing importance of corporate clients to the IFA industry.

Evercore Pan-Asset Capital Management has released four model portfolios offering retail investors dynamic asset allocation via ETFs.

Over half of investment company fund managers have cut exposure to cash and fixed interest to take advantage of buying opportunities created by the market turmoil, according to the Association of Investment Companies(AIC).

Newcastle Intermediary Services has launched a deposit account specifically designed for SIPPs.

Falling markets have left some investments in defined contribution schemes worth less than the cash contributions made into them, PricewaterhouseCoopers says.