Economy & Markets
The important economic and stock market news that advisors need to know.
Top Portfolio Products: Vanguard Introduces New Fund, ETF
By Marlene Y. SatterNew products introduced over the last week include a new short-term TIPS index fund and ETF from Vanguard and a suite of new and existing ETFs from iShares.
October 19, 2012
India Set to Boost Gold ImportsImports of gold look set to climb after a long drought, as domestic bullion prices have fallen and the festivals that boost gold fever gear up and give a lift to investor and consumer interest.
October 19, 2012
Eurozone Bank Supervision to Start in 2013A meeting of EU leaders resulted in agreement that the ECB will be at the head of a framework of eurozone bank supervision, and that the structure will be in place by the beginning of 2013.
October 18, 2012
Morgan Stanley Tops Earnings Estimates, Boosts Asset FlowsIts advisor count, though, drops by 5% from last year; average production is up but trails that of Merrill Lynch.
October 18, 2012
Outflows at Man Group Reach $2.2 BillionThe largest publicly traded hedge fund manager in the world, Man Group, saw its outflows up by 57% in Q3, in a sales atmosphere that its CEO, Peter Clark, called subdued.
October 18, 2012
ING Could Sell Asian Units for $2.2BING Groep was said by sources to be close to an agreement to sell its Hong Kong and Thai insurance businesses to Richard Li for some $2.2 billion.
October 18, 2012
Merkel Calls for Financial Transaction Tax-Funded Aid PlanChancellor Angela Merkel of Germany raised the prospect of a new European aid fund that would be used to help struggling eurozone countries finance projects to improve their fiscal well-being and make them more competitive.
October 17, 2012
Former Morgan Stanley Chief Mack on Pandit: ‘Clearly There Was Unhappiness With the Board’John Mack, former chairman and CEO of Morgan Stanley,said "there was a view clearly by shareholders that change was a good thing."