Products June 22, 2008

New Index Benchmarks Environmental Opportunities

FTSE Group, a global index company, on Thursday launched the FTSE Environmental Opportunities All-Share Index.
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The index is made up of over 450 constituents covering alternative energy, water, and waste management companies, according to a press release. The constituents are taken from the FTSE Global Equity Index Series and are included in the index if a minimum of 20% of their revenue comes from environmental markets or technologies.

The FTSE Environmental Opportunities All-Share index provides an investible and transparent measure of the performance of the global environmental technology sector and is available for investors to use as the basis of structured products, exchange-traded funds (ETFs), and index funds. The company said Russell Investments has already licensed the index for an environmental technology multi-manager fund.

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“The FTSE Environmental Opportunities All-Share index will appeal to institutional and retail investors who want to gain exposure to and track the performance of those companies who are transforming their businesses to increasingly source revenues from global environmental markets,” said Will Oulton, Head of Responsible Investment at FTSE, in the release.

Products June 22, 2008

First Tennessee Partners with FundQuest to Expand Product Offering

First Tennessee Bank, a subsidiary of First Horizon National Corporation, in partnership with FundQuest Incorporated, a provider of managed account services, has launched three new products on its managed account platform.
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The Horizon Account platform now offers index enhanced mutual fund portfolios, unified managed accounts (UMAs), and exchange-traded funds (ETFs), according to a press release. The expanded offering now features eight different types of managed accounts, including two mutual fund portfolio solutions, an adviser choice product, and two separately managed account products.

“The product breadth offered on the Horizon Account, coupled with FundQuest’s back-office capabilities, takes their platform to another level of sophistication,” said David Robinson, Director of National Accounts at FundQuest, in the announcement. “First Tennessee’s strategic partnership with FundQuest provides their advisers with the tools to compete very effectively with wirehouses and regional brokerages.”

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More about First Horizon and First Tennessee is located at www.fhnc.com.

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