Economy & Markets
The important economic and stock market news that advisors need to know.
Yes, Closed-End Fund Yields Are High, but There’s a Catch
By Joyce Hanson"Not all yields are created equal," warns S&P Capital IQs Alec Young.
August 22, 2012
Are Advisors Giving Clients What They Really Want?Many consumers want guaranteed lifetime income products. But do all independent advisors recommend them?
August 22, 2012
China Could Cut Rates After Cash BoostsZhou Xiaochuan, governor of the PBOC, said that despite the fact that the country has already added more cash to its economy, additional measures, including a cut in interest rates and/or a change in banks reserve requirement ratio, could also be deployed.
August 22, 2012
Shrinking Exports Drive Japan to Trade DeficitJapan said that it experienced a trade deficit that was wider than expected, after demand from Europe and China both fell. It is the ninth trade deficit for Japan in 12 months.
August 21, 2012
New China: Investing in a Growing Global LeaderFifteen years ago, when Mark Mobius, executive chairman of Templeton Emerging Markets Group, first visited China, the swath of land across from Shanghais historic waterfront, the Bund, just lay there.
August 21, 2012
6 U.S. Cities That Fell Off the Fiscal Cliff—and SurvivedAdvisorOne looks at six municipalities that filed for bankruptcy but climbed their way back to solvency.
August 21, 2012
Soros Buys Into Manchester UnitedAccording to SEC filings, Soros Fund Management snapped up more than 3.1 million shares to the tune of 25.8 million pounds ($40.7 million) as of the stocks closing price on Monday.