Economy & Markets
The important economic and stock market news that advisors need to know.
S&P 500 Pares Biggest Loss Since 2011; Bonds Trim Rally
By Oliver Renick and Joseph Ciolli, BloombergJittery markets go through wild ride but recover at close. S&P lost 3% but ended day down 0.8%.
October 13, 2014
Sluggish exchange plan users could face big 2016 tax billsSome users who now have subsidies may get automatically re-upped with no subsidies.
October 13, 2014
Fidelity Launches Actively Managed, Fixed Income ETFsFidelity Investments is expanding its ETF offerings with a suite of actively managed fixed income funds.
October 13, 2014
Janus Buys VelocityShares, Giving Gross Fixed Income ETF Launching Pad: MorningstarThe $30 million acquisition positions Janus within the rapidly growing rules-based and active ETF universe," says Janus Capital CEO Richard Weil.
October 13, 2014
PIMCO’s Q3 Outflows Top 5% of AssetsThe big bond shops AUM declined by about $23.5 billion after Bill Gross departed for Janus.
October 10, 2014
Natixis: Ebola Won’t ‘End the Capital Markets as We Know Them’David Lafferty, chief market strategist at Natixis Global, says U.S. economy remains strong despite market selloff and disturbing geopolitical events.
October 10, 2014
PIMCO’s New CIO Gives Global Outlook, Sees U.S. Energy as Key ToolCIO Scott Mather and Greg Sharenow say geopolitical volatility is slowing global economy but see U.S. energy as a stabilizing force.
October 10, 2014
Morningstar: PIMCO’s Post-Gross Total Return Fund Is Fine—for NowWhile the fund has seen significant outflows, PIMCO has sufficient liquidity to handle it, says Morningstars fixed-income team.