Fund Managers Reduce Cash Positions, Boost Equities: BofA Merrill Survey
The August BofA Merrill Lynch fund manager survey shows more optimism about the global economy and equities, especially U.S. and emerging market stocks.
NY Fed President: September Fed Rate Hike Possible
William Dudley says market expectations of one rate hike before year end are "too low" given that growth and inflation forecasts are rising.
Summer Brings $54.6B in Active Equity Fund Outflows: Morningstar
Still, two fund groups are attracting assets to both their passive and active products, the research group says.
Low Interest Rates: Too Much of a Good Thing
There is solid evidence central banks aren’t delivering higher growth and may be undercutting their own mission by cutting rates too far.
Fidelity Submits Proposal to Retrofit Closed-End Funds as ETFs
Firm’s application calls for new exchange-traded active funds; Fidelity proposal would eliminate daily disclosure of holdings.
LPL Details New Mutual Fund-Only Accounts
The new accounts deliver “cost benefits of direct business but with the ability to supervise that comes with LPL custody,” the firm says.
Bernanke: How the Fed’s Thinking Has Changed
The ex-Fed chairman says there has been a change in how most FOMC participants view growth, unemployment and the value of the federal funds rate.
Trump: ‘Taxes Are One of the Biggest Differences in This Race’
In a Detroit speech, Donald Trump laid out his plans to cut business and personal income taxes and eliminate the federal estate tax.
Barclays to Pay $100 Million Over State Libor Probes
Barclays agreed to pay $100 million to 44 U.S. states to resolve an investigation into interest-rate manipulation by the bank.
High-Yield Bond Funds Going Strong Following Earlier Declines
While the risks are still very real, high-yield bond funds continue to deliver hot returns.