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Market Update

E*Trade Goes Global with New Index Fund

Online broker E*Trade tries to broaded its appeal to mutual fund investors with an index fund tied to the Dow Jones Global Titans Index.

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Seeking to expand its lineup of in-house funds, online broker E*Trade (EGRP) has rolled out an index offering that tracks the Dow Jones Global Titans Index.

E*Trade touts its new Global Titans Index Fund as the only no-load, open-ended mutual fund tracking Dow Jones' collection of 50 blue-chip companies from across the planet. But it arrives just ahead of new global exchange-traded funds, which, unlike traditional mutual funds, can be bought and sold in the course of day like stocks.

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.