The moves mark a shift in the ETF market, which is largely populated by specialist firms. Only three firms offer lines of mutual funds and ETFs under one brand–Vanguard Group, Rydex Investments and ProFunds, while Fidelity Investments has one ETF. ETF firm PowerShares is now part of AIM Investments after a Sept. 2006 purchase. There are 11 other ETF providers, according to a recent State Street report, none of which provide mutual funds.
The Dreyfus-WisdomTree co-branded ETFs will be in the currency and fixed-income areas.
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