Economy & Markets
The important economic and stock market news that advisors need to know.
ICI Forms Global Group; Releases Retirement Study
By Janet LevauxThe Investment Company Institutes Board of Governors recently determined that the organization should significantly broaden its international engagement and launched ICI Global to fulfill that role. The board also established a new class of institute members, consisting of regulated funds publicly offered to investors in leading jurisdictions worldwide.
November 23, 2011
Disclosure UpheavalIn 2012 two new fee disclosure regulations will take effect for 401(k) and similar retirement plans. These new regulations were issued and will be enforced by the Department of Labor (DoL) and the IRS.
November 23, 2011
Dividend TroubleIn the third quarter, an unusual situation arose in U.S. financial markets: dividend yield on stocks surpassed the interest rate on the 10-year Treasury bond. While some technical analysts saw this as a strong buy signal, and the market did subsequently rally, the real explanation is probably far less favorable...
November 23, 2011
Blair, Gross, Other Experts Weigh in on Euro Tumult and Anti-Wall Street ProtestsFormer British Prime Minister Tony Blair said the resolution of todays global economic and financial challenges could get derailed by short-term political thinking, though he remains optimistic that leaders can address long-term issues. Blair spoke Nov. 2 to about 2,100 financial advisors and about 2,000 other guests as the keynote...
November 23, 2011
Bond Vigilantes Claim New Victim as German Bund Sale Fails: News AnalysisIn an ominous sign of the malignancy of Europes financial contagion, Germany held a bond auction Wednesday to which few buyers showed up.
November 23, 2011
Moving Beyond the Supercommittee: Schwab RespondsThe Schwab Center for Financial Research released a statement, 'Beyond the Supercommittee,' late Tuesday following the Joint Select Committee on Deficit Reductions failure to reach an agreement on how to reduce the debt over the next 10 years.
November 23, 2011
Where We’re Headed: T. Rowe Price Looks at 2012 Investment Strategies'This year has been an exhausting one,' said T. Rowe Price Chairman and CIO Brian Rogers at a media conference on the outlook for 2012. But according to T. Rowe's investing experts, there are glimmers of hope on the horizon for next year.
November 23, 2011
Eurozone Fears Drive U.S. Bank Stress TestThe Federal Reserve will stress-test the 31 largest U.S. banks, those with at least $50 billion in assets, in an attempt to restore confidence in the country's banking system, and the six largest must also pass tests of their trading operations.