Economy & Markets
The important economic and stock market news that advisors need to know.
Vanguard Wraps Up Benchmark Switch, Taps Muni Bond Fund Managers
By Janet LevauxThe fund giant moves 22 index funds with $650 billion in assets to FTSE and CRSP benchmarks, including popular emerging-markets products.
June 27, 2013
Global Investment Alert: Bad News for Greece, Morocco; Good News for Qatar and UAEMSCI is moving Greeces index down from a developed market to an emerging market and Moroccos from an emerging market to a frontier market, while Qatar and the United Arab Emirates will be elevated from frontier markets to emerging markets.
June 27, 2013
U.S. consumer spending rebounded in MayProgress is slow, but markets are moving forward.
June 27, 2013
What’s Next for GDP? Prudential Panelists Agree on Growth, Sort ofEd Keon is quite bullish, while Quincy Krosby et al. take a more reserved, though optimistic, view on where economy and markets are headed.
June 27, 2013
PIMCO’s Gross: Don’t Abandon Ship in Turbulent MarketIn a new market commentary filled with nautical metaphors, the manager of the worlds largest bond fund reassures investors roiled by last weeks choppy markets that they should stay the course.
June 27, 2013
BondDesk Sets All-Time Record for Muni Bond Trading VolumeThe record came on the heels of the largest three-day increase in yields since April 1987.
June 26, 2013
ETF Investors Move Into Shorter Duration, Senior Loans in Bond Selloff: SSgAIn a midyear 2013 SPDR ETF outlook released Monday, SSgA said investors remain interested in adding to their fixed-income exposure through ETFs even as the prospects of future positive total returns are weakening.
June 26, 2013
What’s at Stake for Muni Bond Investors in Detroit InsolvencyIn what may be the most severe case of credit distress since the Great Depression, the city of Detroit is charting new territory in negotiations with creditors to avert a Chapter 9 bankruptcy filing.