Economy & Markets
The important economic and stock market news that advisors need to know.
Vanguard Attracts Record New Money as Investors Flock to Passive
By Taylor Hall, Carles Stein & Suzanne WoolleyThe firm had $148 billion in inflows in first six months of 2016; some rival managers struggle to compete for client cash.
July 05, 2016
Mutual Funds Mostly Positive YTD: MorningstarYet equity funds struggled in June, with all categories but large value posting negative one-month returns.
July 05, 2016
Treasury Yields Hit Record Lows; Strategists Warn Against Chasing YieldThe 10-year Treasury note yield slid to 1.37% in afternoon trading Tuesday. Even before Brexit, long-term U.S. rates were falling.
July 05, 2016
US Growth Weakest Since 2009: MarkitRecent data trends suggest the U.S. economy is growing at an annualized pace of just less than 1%, according to Markit's chief economist.
July 05, 2016
Brexit, Italexit: Investor Stress? Yes. Buying Opportunity? Yes.As with most negatively perceived market events, investors overreacted to the Brexit news. However, like every other overreaction, this one had a silver lining.
July 04, 2016
Top Portfolio Products: 4 Firms Add ETFs; Fidelity Cuts FeesState Street and AccuShares introduce sector ETFs; Guggenheim and Deutsche Asset Management launch "smart" ETFs.
July 04, 2016
Post-Brexit: European Markets Have Rebounded, but for How Long?ETFs tied to U.K. and European stocks and currencies have stopped falling but have yet to regain all they lost following the Brexit vote.
July 01, 2016
Oil Trades Near $50 After Biggest Quarterly Advance Since 2009WTI crude increased 26% in the second quarter and Brent rose 25% as U.S. stockpiles slipped for the sixth week and production extended its slide.