Economy & Markets
The important economic and stock market news that advisors need to know.
Despite Strong Markets, Equity Funds See Outflows
By Janet LevauxWorldwide, bond funds grew by close to $7 billion.
March 09, 2012
Greece Gets 95% Participation in Debt SwapGreek Finance Minister Evangelos Venizelos was quoted saying, The debt-swap results show that international markets see the prospects the Greek economy has to regain a sustainable fiscal situation.
March 09, 2012
Bond Funds & DecouplingFewer than 12% of funds in the intermediate-term bond category managed to match or beat the return of its benchmark, Morningstar reports
March 09, 2012
China Says Wealth Gap Too GreatProtests and social unrest has risen as the gap between the have and have-nots has increased.
March 09, 2012
Oil & Politics: Iraq Outlook Overly AmbitiousIraq expert Juan Cole describes the political factors now holding up energy developments in that country.
March 09, 2012
At Lipper Awards, PIMCO Wins Best Large Equity Fund; Nuveen Best Overall Fund FamilySuprisingly, PIMCO's $250 billion-plus Total Return Fund didn't even get a mention on Lippers long list of U.S. fund award winners.
March 09, 2012
PIMCO’s El-Erian: It’s a Good Unemployment NumberThe U.S. Bureau of Labor Statistics reported Friday that employment in the private sector rose by 227,000 in February, and the unemployment rate held steady at 8.3%.
March 09, 2012
As Household Wealth Rises, So Do Hopes for EconomyAmericans are feeling better about their finances, although the housing market lags.