Economy & Markets
The important economic and stock market news that advisors need to know.
Funds Decline Nearly 17.5 percent in Q3’11
By Janet LevauxIn the third quarter of 2011, equity funds posted declining results for the second quarter in a row and dropped 17.44 percent, reports Lipper, with world-equity funds (20.44 percent) trailing three other broad Lipper categories: mixed-equity funds (10.08 percent), U.S. diversified-equity funds (16.67 percent) and sector-equity Funds (15.36 percent). The...
October 26, 2011
Making Tax Savvy ChoicesTax efficiency has long been sold as among the greatest advantages of ETF investing. Although that may have been true ten years ago, when most ETFs were linked to traditional stock and bond indexes, it isnt necessarily true anymore.
October 26, 2011
UBS Sees Leaders Exit, Expects ProfitUBS said in early October that the co-heads of its global-equities unit resigned in response to the unauthorized trading that caused a $2.3 billion loss at the bank in mid-September. A former Bank of America-Merrill Lynch executive is now the sole leader of the unit. These shifts come on the...
October 26, 2011
European Union Banks to Raise Capital Buffers by JuneEuropean governments will force their largest banks to quickly increase their cushions of capital to ride out market turmoil brought on by the debt crisis, officials said Wednesday.
October 26, 2011
Rob Arnott: 'There May Never Be a Better Time' to Buy Inflation ProtectionIndexing guru Rob Arnott, a lone inflationista wolf, howls that todays market provides a golden opportunity to buy inflation-fighting asset classes at 'below retail prices.'
October 26, 2011
SEC Adopts Hedge Fund Reporting RulesThe SEC on Wednesday adopted a rule to require advisors to hedge funds and other private funds with at least $150 million in assets to report information for use by the FSOC in monitoring risks to the U.S. financial system.
October 26, 2011
Economy Calls for Dividend Yield-Based Portfolios, O'Shaughnessy's Meredith SaysDividend-paying companies provide higher returns in tough markets, according to O'Shaughnessy Asset Management's director of research.
October 26, 2011
Most Investors Don’t Know How Bonds Are Priced: Schwab StudyAdvisors want more access to the byzantine world of bond buying, Charles Schwab senior V.P. Peter Crawford tells AdvisorOne, but a study from his firm shows brokerages arent sharing enough information.