Research Magazine July 2012


Editor's Note

  • Good Questions

    Two years after the passage of Dodd-Frank, I think it is fair to say the landmark financial reform legislation has not inspired a lot of love.


  • Aiming High—6 Strategies for Success

    Let’s say you are bringing home $250,000 a year, certainly a good living. But you want to go to the top. How do you get there? UBS's Ira Walker lays out a plan.

  • What to Expect

    Traditionally, presidential races slip into a relatively quiet July doldrums, before the late-summer party conventions kick the race into a higher gear

  • Voter Discontent

    Several recent elections in Europe were seen as a referendum on fiscal austerity (and fiscal discipline) and their results were presented as a mood shift in favor of more government spending and economic stimulus.

  • Advisor Camp

    Remember going away to summer camp as a kid?

  • Retirement in a Yield-Free World

    Estimating a retirement income strategy requires a few assumptions including the expected return on invested assets.


  • Averitt Retires as CEO at RJFS Conference

    Dick Averitt retired as CEO of Raymond James’ independent-advisor channel in late May.

  • LPL, Wells’ FiNet Tap New Execs

    LPL FINANCIAL SAID IN EARLY JUNE THAT Dan Arnold, currently head of strategy for the largest independent broker-dealer, had been named chief financial officer of the company, the latest step in a management reorganization that has played out over the last few months.

  • Clinton, Other Speakers Headline Insite

    Insite 2012, Pershing’s 14th-annual conference, attracted more than 2,000 attendees, many of whom are broker-dealer home office personnel and BD reps who work through Pershing’s clearing business and use its technology.

  • Is Gold in Trouble?

    Goldbugs are nervous, and rightly so. Their beloved metal—the “currency of last resort”—has been acting more like a basket case than a bastion of safety.

  • Targeting Covered Bonds

    The ProShares USD Covered Bond (COBO) made its trading debut in late May.

  • A Play for High Yield

    Van Eck Global introduced a new fund called the Market Vectors Emerging Markets High Yield Bond ETF (HYEM), which is linked to high yield emerging market corporate bonds.

  • ETP Assets Hit $1.2 Trillion

    The assets invested in exchange-traded products (ETPs) including both ETFs and ETNs rose by 6% at the end of April 2012 from the previous year to $1.2 trillion, according to the ETF Industry Association.

  • Regulators Fueled Facebook Flop

    The fiasco surrounding the IPO of Facebook (FB) was a classic comedy of errors, with stock underwriters, exchange operators and the company’s insiders denying everything and blaming everyone but themselves.

  • Direxion Adjusts Risk Controls

    Boston-based Direxion Shares made changes to the investment strategy for the Direxion S&P 1500 RC Volatility Response Shares (VSPR), Direxion S&P 500 RC Volatility Response Shares (VSPY) and Direxion S&P Latin America 40 RC Volatility Response Shares (VLAT).

  • Alternatives Stay on Growth Path

    Advisors, asset managers and institutions are increasingly turning to alternative investments to help clients boost returns while supporting the growth of assets under management.

  • Putnam Opens Office in China

    Putnam Investments said in early June that it has opened an office in Beijing, representing the firm’s first foothold in China.

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