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Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for May 2015
June 17, 2015--Morningstar, Inc., a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for May 2015.
Investors continued to direct money to international-equity and taxable-bond funds in May. International equity led all Morningstar category groups with inflows of $24.0 billion, most of which went to passive strategies. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
Additional highlights from Morningstar's report about U.S. asset flows in May:
Outflows for active U.S. equity funds slowed to $13.0 billion after an April outflow of $18.9 billion that was the category group's largest since July 2011.
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Source: Morningstar, Inc.
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for May 2015
June 17, 2015--Morningstar, Inc., a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for May 2015.
Investors continued to direct money to international-equity and taxable-bond funds in May. International equity led all Morningstar category groups with inflows of $24.0 billion, most of which went to passive strategies. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
Additional highlights from Morningstar's report about U.S. asset flows in May:
Outflows for active U.S. equity funds slowed to $13.0 billion after an April outflow of $18.9 billion that was the category group's largest since July 2011.
view more
Source: Morningstar, Inc.
Direxion Investments Launches First Inverse China A-Shares ETF in the U.S.
CHAD Allows Traders to Hedge China A-Share Exposure
June 17, 2015--Direxion Investments announced today that it has launched the first inverse exchange-traded fund (ETF) in the U.S. tied to China A-shares.
The Daily CSI 300 China A Share Bear 1X Shares (Ticker: CHAD) seeks daily investment results, before fees and expenses, of 100% of the inverse performance of the CSI 300 Index, which consists of 300 market-capitalization-weighted China A-share stocks.
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Source: Direxion Investments
TSX to end trading of ETFs on MOC facility
June 17, 2015--The Toronto Stock Exchange (TSX) will stop trading exchange-traded funds (ETFs) in its market-on-close (MOC) facility as of the end of June.
The TSX indicates in a notice that it has decided to remove ETFs and exchange-traded receipts (ETRs) from its MOC facility effective June 30. The move comes in response to "concerns expressed" by both ETF and ETR issuers as well members of an advisory group on the MOC over the eligibility of ETFs and ETRs.
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Source: Investment Executive
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 16-17 FOMC meeting
June 17, 2015--The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the June 16-17 meeting.
The table will be incorporated into a summary of economic projections released with the minutes of the June 16-17 meeting. Summaries of economic projections are released quarterly.
< href="http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20150617.pdf" TARGET="_top">view projections
Source: The Federal Reserve
Republicans move to block Obama's financial adviser rules
June 17, 2015--Republicans on Wednesday moved to block the Obama administration's new rules for financial advisers.
Members of a House Appropriations subcommittee included a provision in the Department of Labor funding bill that mandates that none of the money can be used to craft or implement the pending regulations, known as fiduciary standards.
The subcommittee approved the measure on a party-line voice vote. A Democratic-backed amendment to strip the provision failed.
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Source: The Hill
Fed downgrades its economic outlook but expects a rate hike this year Federal Reserve issues FOMC statement view more Lew, Hensarling spar over bond market liquidity view more INSIGHT-Vanguard price cuts rattle the brokers who sell its funds view more
June 17, 2015--Federal Reserve policymakers sharply downgraded their view of the economy-forecasting the weakest annual growth since 2011-but indicated they were on track to raise a key interest rate in the coming months.
"It's not an ironclad guarantee, but we anticipate that that's something that will be appropriate later this year," Fed Chairwoman Janet L. Yellen told reporters Wednesday.
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Source: LA Times
June 17, 2015--Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during the first quarter.
The pace of job gains picked up while the unemployment rate remained steady. On balance, a range of labor market indicators suggests that underutilization of labor resources diminished somewhat. Growth in household spending has been moderate and the housing sector has shown some improvement; however, business fixed investment and net exports stayed soft. Inflation continued to run below the Committee's longer-run objective, partly reflecting earlier declines in energy prices and decreasing prices of non-energy imports; energy prices appear to have stabilized. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations have remained stable.
Source: Federal Reserve
June 17, 2015- Treasury Secretary Jacob Lew and the chairman of the House Financial Committee sparred Wednesday over whether federal regulation
specifically the Volcker rule, has made the bond market less safe for investors.
Source: MarketWatch
June 16, 2015--The Vanguard Group, which in 40 years became the biggest mutual fund company by selling low-priced, market-matching funds, is competing with some of its best customers-the brokers and advisers who funnel client assets to its funds-by offering personalized service to investors with more than $500,000.
Making things worse for outside advisers, Vanguard is charging 0.3 percent of assets annually or less, compared with the 1 percent to 3 percent common among brokers and independent financial advisers.
Source: Reuters
