Economy & Markets
The important economic and stock market news that advisors need to know.
Part D Boosts WellPoint Earnings
By Staff WriterThe new Medicare prescription drug program helped fourth-quarter profits at a large managed care company.WellPoint Inc., Indianapolis, is reporting $801 million in net income for ...
January 11, 2007
Monumental Kicks Off Funding ProgramA unit of AEGON Institutional Markets will be raising $700 million by issuing 7-year notes.The unit, Monumental Life Global Funding III, will be splitting the ...
January 05, 2007
Morningstar Announces 2006 Fund Managers of the YearMorningstar, Inc. has namedits 2006 mutual fund managers of the year, picking managers who "not only posted impressive returns for the year, but also . . . must have a record of delivering outstanding long-term performance and of aligning their interests with shareholders'." Morningstar uses its own research and evaluations...
January 04, 2007
In '06, Small Cap Outperformed Large-Cap AgainThe small-cap Russell 2000 Index made a comeback in 2006 with a gain of 18.4%, outperforming the large-cap Russell 1000 Index (15.5%) for the seventh year in the past eight years. "The Russell 1000 and Russell 2000 each outperformed the other for six separate months through the year, but in...
January 02, 2007
What if the Bond Guys Are Right?Signs abound that 2007 will be good for equity investors. We're coming into the third year of a presidential cycle, which is historically the best...
January 01, 2007
Hunting Social, Other DividendsNew exchange-traded funds (ETFs) with specialized strategies have been the rage on Wall Street -- and the rage continues. Targeting income-oriented investors, Vanguard has just introduced...
January 01, 2007
The Problem with Too Much MoneyWhen 2006 began, all eyes in global equity markets were glued to the Federal Reserve. The U.S. central bank has always been a pivotal player...
January 01, 2007
Living in an LPL WorldIf there is a place worth flying to for lunch from New York City -- and on Election Day no less -- it is probably...