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Morningstar Market Commentary Q42013
Equities close a record 2013 on a high note as the Fed prepares stimulus tapering
January 17, 2014--The year 2013 for stocks proved to be one for the
record books as equity markets continued to soar to new heights in the fourth quarter.
Despite December's announcement from the Federal Reserve that economic stimulus would begin to be
reduced, there was nothing that could stop the yearlong rally in U.S. equities as several market
indicators closed at or near all-time highs.
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Source: Morningstar
USCF Advisers LLC files with the SEC
January 17, 2013--USCF Advisers LLC has filed a registration statement with the SEC for the Stock Split Index Fund.
view filing
Source: SEC.gov
Treasury International Capital Data for November
January 16, 2014--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for November 2013. The next release, which will report on data for December 2013, is scheduled for February 18, 2014.
The sum total in November of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $16.6 billion. Of this, net foreign private outflows were $30.5 billion, and net foreign official inflows were $13.9 billion.
Foreign residents decreased their holdings of long-term U.S. securities in November; net sales were $11.4 billion. Net sales by private foreign investors were $21.5 billion, while net purchases by foreign official institutions were $10.2 billion.
U.S. residents increased their holdings of long-term foreign securities, with net purchases of $17.9 billion.
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Source: US Department of the Treasury
CFTC.gov Swaps Report Update
January 15, 2014--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
BNY Mellon launches SMA platform
Service will enhance discretionary portfolio offerings
January 15, 2014--US-BASED BNY Mellon is rolling out a separately managed account (SMA) platform that it hopes to market to private banks.
A separately managed account is a portfolio of securities managed on a discretionary basis. One of the big differences from unit trusts is that the investor directly customises the portfolio assets, such as stocks and bonds. Another is that investors get full transparency of holdings.
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Source: BT Premium
NYSE Euronext and Invesco PowerShares Announce Launch of NYSE Century ETF
ETF Tracks 100-Year Icons of American Business in the NYSE Century IndexSM
January 15, 2014--NYSE Euronext and Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today announced the launch of the PowerShares NYSE Century Portfolio (NYCC) on NYSE Arca.
NYCC is based on the NYSE Century Index, which includes U.S. companies that have been incorporated for at least 100 years, are listed on a U.S. exchange and have a market capitalization of at least $1 billion.
NYSE says it would take over Nasdaq stock quote system view more RBC Global Asset Management Inc. Launches Four New ETF view more FRB-Beige Book Fed eyes fresh measures to restrict banks' commodities trading view more
Source: NYSE Euronext
January 15, 2014--NYSE Euronext offered on Wednesday to take over the data processor at the center of the massive Nasdaq trading outage last August after Nasdaq OMX Group Inc (NDAQ.O) indicated it would stop running it.
NYSE Euronext "would be happy to" run the Nasdaq securities information processor (SIP) that provides investors with stock quotes and last sale prices, Duncan Niederauer, chief executive of NYSE Euronext, told CNBC on Wednesday.
Source: Rueters
January 15, 2014--RBC Global Asset Management Inc. (RBC GAM) today announced the launch of four new Exchange Traded Funds (ETFs) specifically designed to meet investors' demand for investments generating regular monthly income.
The new RBC Quant Dividend Leaders ETFs and RBC 1-5 Year Laddered Corporate Bond ETF are now available for purchase by advisors, individual and institutional investors on the Toronto Stock Exchange (TSX).
Source: RBC Global Asset Management
January 15, 2014--Summary
Reports from the twelve Federal Reserve Districts suggest economic activity continued to expand across most regions and sectors from late November through the end of the year. Nine Districts indicated the local economy was expanding at a moderate pace; among these, the Atlanta and Chicago Districts saw conditions improve compared with the previous reporting period.
Boston and Philadelphia cited modest growth, while Kansas City reported the economy held steady in December. The economic outlook is positive in most Districts, with some reports citing expectations of "more of the same" and some expecting a pickup in growth.view the Beige Book January 2014
Source: FRB
January 14, 2014-The Federal Reserve cited recent disasters, including the BP oil spill in the Gulf of Mexico in 2010, as it sought comment on whether it should further limit banks in their physical commodities businesses.
The regulator said on Tuesday it was examining whether to impose capital charges and increase insurance requirements on banks to restrict further their trading of physical commodities.
Source: FT.com