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BlackRock Blog-Questioning Your Bonds? 3 Questions to Ask Your Advisor
October 3, 2014--Uncertainty is in the air, particularly if you’re a fixed income investor. As BlackRock's Chief Investment Strategist Russ Koesterich wrote earlier this week, bond investing is different today than it was in the past. And that may well mean that what you were doing in the past, doesn't work quite the same (or as well) as it used to.
This is precisely one of those times you should be talking with your financial advisor. What should you ask him/her? Three things (at least.)
1) Does a changing market mean it's time to change my fixed income portfolio? The answer might be yes. Your financial advisor can help you assess your current fixed income allocation to determine not only the types of bonds you hold, but the types of risk.
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Source: BlackRock
Infrastructure Capital Advisors Launches First Actively Managed MLP ETF (AMZA)
October 2, 2014-Infrastructure Capital Advisors, a New York City based investment advisor specializing in energy, MLPs, and other key infrastructure sectors, today launched the InfraCap MLP ETF (NYSE Arca: AMZA), the first actively-managed ETF offering pure MLP exposure.
AMZA consists of high-quality, midstream energy master limited partnerships (MLPs) and related general partners and expects to establish an initial annualized distribution yield of 8.0%. The Fund seeks to achieve capital appreciation, a high level of current income and steady growth in the income stream.*
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Source: Infrastructure Capital Advisors
How Bill Gross became too hot for Pimco to handle
September 27, 2014--Bill Gross' abrupt departure from Pimco, the giant bond firm that he co-founded more than four decades ago, was preceded by months of clashes between the star investor and the firm's executive committee that got progressively worse, according to sources familiar with the situation.
Tensions had been building within Pimco, the Newport Beach, California-based asset manager with about $2 trillion under management.
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Source: Reuters
Exchange Traded Concepts Delivers the Source EURO STOXX 50 ETF to Market
First U.S. fund to launch in the new Source ETF Trust, a dedicated Trust established and operated by Exchange Traded Concepts exclusively for Source
September 23, 2014--Exchange Traded Concepts, LLC ("ETC"), in conjunction with Source Exchange Traded Investments ("Source"), is pleased to announce the launch of the Source EURO STOXX 50 ETF (the "Fund"), which will begin trading today on the NYSE Arca under the ticker symbol, "ESTX."
The Fund offers highly liquid exposure to the index of choice for European equity markets, the EURO STOXX 50 Net Return Index, which is comprised of 50 of the largest companies domiciled in the Eurozone and the primary hedging tool used by global trading desks.
Source, a global investment firm and one of the fastest-growing Exchange Traded Fund (ETF) providers in Europe, joined forces with ETC for the creation and implementation of the Source ETF Trust (the "Trust"), a Delaware statutory trust, utilizing ETC's existing exemptive relief. The Source EURO STOXX 50 ETF is its premiere launch in the U.S., with subsequent funds anticipated in the coming months.
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Source: MarketWatch
Cambria files with the SEC
September 18, 2014--Cambria has filed a post-effective amendment, registration statement with the SEC.
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Source: SEC.gov
The Guggenheim Shipping ETF Earns Average Rating from Analysts at Deutsche Bank(SEA)
September 16, 2014--Deutsche Bank assumed coverage on shares of The Guggenheim Shipping ETF (NYSE:SEA) in a research note issued to investors on Tuesday.
The firm issued an average rating on the stock.
Deutsche Bank has also taken action a number of other stocks recently. The firm initiated coverage on shares of DryShips Inc..
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Source: Mideast Times
IMF Working paper-News and Monetary Shocks at a High Frequency: A Simple Approach
September 12, 2014--Summary: We develop a simple approach to identify economic news and monetary shocks at a high frequency. The approach is used to examine financial market developments in the United States following the Federal Reserve's May 22, 2013 taper talk suggesting that it would begin winding down its quantitative easing program.
Our findings show that the sharp rise in 10-year Treasury bond yields immediately after the taper talk was largely due to monetary shock, with positive economic news becoming increasingly important in subsequent months.
view the IMF Working paper-News and Monetary Shocks at a High Frequency: A Simple Approach
Source: IMF
CBO-CB0-Monthly Budget Review for August 2014
September 8, 2014--The federal government ran a budget deficit of $589 billion for the first 11 months of fiscal year 2014, CBO estimates-$166 billion less than the shortfall recorded over the same period last year. Through the end of August, revenues were about 8 percent higher and outlays were about 1 percent higher than they were at the same point last year.
In CBO's most recent budget projections, the agency estimated that the deficit for fiscal year 2014 (which will end on September 30, 2014) will total $506 billion, about $170 billion less than last year's deficit.
Total Receipts: Up by 8 Percent in the First 11 Months of Fiscal Year 2014
Receipts through August of this fiscal year totaled $2,663 billion, CBO estimates-$190 billion more than the amount for the same period last year.
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Source: Congressional Budget Office (CBO)
CBO Expects Economic Growth to Pick Up in the Next Few Years
August 28, 2014--Yesterday CBO released its updated budget and economic outlook. To get a quick overview of our new economic forecast, view The Economic Outlook for 2014 to 2024 in 15 Slides.
As described in both the report and slides, CBO anticipates that, under the assumption that current laws governing federal taxes and spending generally remain in place, the economy will grow slowly this year, on balance, and then at a faster but still moderate pace over the next few years.
In the first half of this year, real (inflation-adjusted) gross domestic product (GDP) rose at an average annual rate of just 0.9 percent; but CBO expects a stronger second half, so for the year as a whole, the agency projects the rate of growth to be 1.5 percent, as measured by the change from the fourth quarter of 2013.
view the CBO The Economic Outlook for 2014 to 2024 in 15 Slides view the CBO Update to the Budget and Economic Outlook: 2014 to 2024 CBO Expects Economic Growth to Pick Up in the Next Few Years view the CBO The Economic Outlook for 2014 to 2024 in 15 Slides view the CBO Update to the Budget and Economic Outlook: 2014 to 2024
Source: Congressional Budget Office (CBO)
August 28, 2014--Yesterday CBO released its updated budget and economic outlook. To get a quick overview of our new economic forecast, view The Economic Outlook for 2014 to 2024 in 15 Slides.
As described in both the report and slides, CBO anticipates that, under the assumption that current laws governing federal taxes and spending generally remain in place, the economy will grow slowly this year, on balance, and then at a faster but still moderate pace over the next few years.
In the first half of this year, real (inflation-adjusted) gross domestic product (GDP) rose at an average annual rate of just 0.9 percent; but CBO expects a stronger second half, so for the year as a whole, the agency projects the rate of growth to be 1.5 percent, as measured by the change from the fourth quarter of 2013.
Source: Congressional Budget Office (CBO)
