BNET Business Dictionary
Business Definition for: Wrap Fund
- a registered fund, not itself a mutual fund but with similar status to that of a stockbroker's portfolio, which invests in a variety of underlying mutual funds, each of which is treated as a discrete holding
Additional Resources
- How Australia's richest fund manager beat the market: Boyd
- Australia's best international fund manager, Kerr Neilson, has shared the strategy he used to beat the MSCI world stock index by 35% in 2009. Neilson's $7.9 billion Platinum Capital fund achieved a return in the year to June of 18.4% when the MSCI World Index fell 15.7%. Platinum's nearest best...
- News items 2009-08-12
- Jennison Equity Income Fund to Offer Class Z Shares
- NEWARK, N.J. -- JennisonDryden has added Z share classes to its Jennison Equity Income Fund, making this income-oriented equity fund available to mutual fund wrap programs and retirement platforms that use institutional priced mutual funds. JennisonDryden is Prudential Financial Inc.'s (NYSE: PRU) proprietary mutual fund family. "We're happy to...
- Research articles 2008-08-28
- Growth of wrap assets tops that for separates; Smith Barney's TRAK program vindicated.(News)
- Byline: Kathie O'Donnell BOSTON - Baby boomers who are retiring and rolling over their 401k money favor mutual fund wrap programs even though many are wealthy enough to qualify for separately managed accounts, industry observers say. ...
- Research articles 2007-02-12
- Morningstar set to wrap for advisers: But will they buy its portfolios for clients?
- In the supermarket game that is the mutual fund business, Morningstar's managed-portfolio program is finding no difficulties getting shelf space in the wrap-program aisle. But the questions remains: Will advisers pick it for their clients? ...
- Research articles 2002-01-07
- (Wrap) king Salomon pitched from perch.
- Aggressive competitors gaining market share The perennial leader in the mutual fund wrap market has been shoved off its pedestal by two scrappy competitors. SEI Investments and American Express Co. have bumped Salomon Smith Barney down...
- Research articles 2000-06-12
- Amex adds five groups to wrap.(American Express Financial Services Europe)(Brief Article)
- AMERICAN Express Financial Services Europe has signed up five additional fund groups to its wrap service. AMERICAN Express Financial Services Europe has signed up five additional fund groups to its wrap service.
- Research articles 2005-07-28
- NEW EFFORT: MFS TO LAUNCH WRAP ACCOUNT MANAGEMENT.(Brief Article)
- BOSTON -- The company that gave birth to the first mutual fund is laying plans to manage stocks and bonds in separate accounts for wealthy investors. MFS Investment Management of Boston plans to start early next year managing $100,000 and up for investors...
- Research articles 1999-08-09
- TURNABOUT IS FAIR PLAY FOR PRUDENTIAL UNIT: MUTUAL FUND UNIT SWAPS CHIEFS WITH RIVAL PAINE WEBBER; A LOT OF WORK TO DO.
- It's payback time for the mutual fund unit at Prudential Insurance Co. of America: It's lured an executive from rival Paine Webber Group Inc. to be its president. David Odenath Jr., 42, headed wrap account sales at Paine Webber before joining...
- Research articles 1999-06-07
- A load of wrap.(wrap accounts.)(Brief Article)
- The Securities and Exchange Commission has approved a plan that allows brokers to be paid an upfront fee for selling wrap accounts instead of waiting for smaller annual fees. The idea came from Bisys Fund Services Inc., a Columbus, Ohio, company that provides back-office processing for...
- Research articles 1999-09-13
- Schwab cuts cost on wrap accounts
- Like IKEA furniture, a portfolio of mutual funds can take some effort to assemble. For some people, it's too much work -- which explains why $346 billion is invested in mutual fund "wrap" accounts. Pros make the picks and do the other work for you. But the cost of brokerage-run...
- Research articles 2006-10-22
- Top 15 mutual fund wrap providers ranked by assets.
- Top 15 mutual fund wrap providers ranked by assets ...
- Research articles 2001-12-17
- American Skandia Introduces Mutual Fund Wrap Products to Support Financial Professionals
- Business Editors SHELTON, Conn.--BUSINESS WIRE--Jan. 8, 2001 Suite of Products Designed to Facilitate Move to Fee-Based Compensation American Skandia has introduced an innovative suite of mutual fund wrap products designed to help financial professionals move from commission-based compensation to fee-based compensation. The American Skandia Asset...
- Research articles 2001-01-08
- James Hay increases fund platform.
- Abbey-owned Sipp and wrap platform expands. Maryrose Fison Sipp and wrap platform provider James Hay has launched three new funds onto its platform. Sipp and wrap platform provider James Hay has launched three new funds onto its platform. The...
- Research articles 2008-03-27
- Lifetime wrap is set to hit the ground running.
- OVER 1000 funds from 43 providers will be available to investors in the new Lifetime wrap from day one. Launched this Monday, the long-awaited Lifetime wrap, called the Bigger Picture, will carry nearly all the funds from some of the UK's largest fund management...
- Research articles 2005-04-25
- L.A. risk manager designs wrap-up program. (Richard Welch; Service Providers Artisans and Trade Activities)
- NEW YORK--BUSINESS WIRE--S&P CreditWire 2/16/95--S&P assigns its double-`a'-minus bond fund risk rating to Federated Limited Term Fund. The Limited Term Fund is a diversified investment portfolio of Fixed Income Securities Inc., an NEW YORK--BUSINESS WIRE--S&P CreditWire 2/16/95--S&P assigns...
- Research articles 1994-12-12
- Absolute Capital drives ETF vehicle to hedge fund listing.
- Sep 26, 2002 (Money Management - ABIX via COMTEX) Three hedge funds have been listed on the Australian Stock Exchange. Absolute Capital's Absolute Return Fund, Equity Long/Short Strategies Fund and Yield Strategy Fund represent exchange traded fund ETF vehicles, according to the company's head...
- Research articles 2002-09-26
- CIBC seeks to drop load from fund. (Product Watch).
- CIBC World Markets Corp., the New York-based global investment banking subsidiary of the Canadian Imperial Bank of Commerce in Toronto, has announced that Advantage Advisers Multi-Sector Fund I, a hedged equity investment fund, has filed an amendment to its registration statement with the Securities and Exchange...
- Research articles 2002-08-12
- Deputy Prime Minister Herb Gray guest speaker at Natural Legacy 2000 wrap up event on Parliament Hill.
- OTTAWA, ONTARIO, MAY 30, 2001 OTTAWA, ONTARIO--The Honourable Herb Gray, Deputy Prime Minister and Minister responsible for the Government of Canada's millennium initiative, today addressed an audience attending the wrap up ceremony held on Parliament Hill for Natural Legacy 2000. Natural...
- Research articles 2001-05-30
- Lifetime's wrap threat from JPM.
- LIFETIME's launch of a wrap platform could be hit by the wind-up of JPMorgan-owned aggregator FundsHub. FundsHub, which was set to act as fund aggregator for Lifetime, could close after a collapse in discussions between owner JPMorgan and the Money Portal. ...
- Research articles 2004-08-02
- Shelf-Space Payola and Fund Fees Come Under Government Scrutiny
- Brokers may be forced to discuss with clients a host of new details about mutual fund fees and expenses. Congress is debating a bill that would force funds to disclose the actual dollar amount of fees each investor has paid, as well as disclose more about corporate-level fees and...
- Research articles 2003-08-01
