Asset Management Funds

I always like asset managers since I want to be a good one myself. Over the recent years this special asset class has caught attentions of several money managers. The following is a list of the funds (ETFs and mutual funds) related to this special asset class.

1. Fidelity Select Brokerage & Investment Management (FSLBX)
Fund Inception: 07/29/1985

FSLBX invests primarily in companies engaged in stock brokerage, commodity brokerage, investment banking, tax-advantaged investment or investment sales, investment management, or related investment advisory services. Normally it invests at least 80% of assets in securities of companies principally engaged in these activities. Normally it invests primarily in common stocks.

2. iShares DJ US Broker-Dealers Index Fund (IAI)

Fund Inception: 05/01/2005

IAI seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Investment Services Index. The Index includes companies providing a range of specialized financial services including securities brokers and dealers, online brokers and securities or commodities exchanges.

3. KBW Capital Markets ETF (KCE)
Fund Inception: 11/08/2005

KCE is to replicate as closely as possible before expenses the performance of the KBW Capital Markets Index. The Fund uses a passive management strategy designed to track the total return performance of the Capital Markets Index. The Capital Markets Index is a float adjusted modified market capitalization weighted index which measures the performance of publicly traded companies in the U.S. capital market industry and includes broker dealer asset manager trust and custody banks and a stock exchange.

4. Kinetics Market Opportunities Fund (KMKNX)
Fund Inception: 01/31/2006

KMKNX seeks long-term growth of capital. The fund normally invests at least 65% of net assets in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies involved in capital markets or related to capital markets, as well as companies involved in the gaming industry. The fund is non-diversified.

5. Claymore/Clear Global EB&AM Index ETF (EXB)
Fund Inception: 06/27/2007

EXB seeks investment results that correspond generally to the performance, before the Funds fees and expenses, of an index called the Clear Global Exchanges, Brokers & Asset Managers Index. The Fund will normally invest at least 90% of its total assets in equity securities and the Fund comprised of approximately 100 equity securities traded on global exchanges, American depositary receipts and global depositary receipts of companies that operate a security exchange or brokerage asset management firm as a primary business. The index is updated semiannually (http://www.clearindexes.com/).