NEW YORK Algorithms are proving to be poor at timing currency markets, if a group of new exchange-traded funds is any indication. In January, ETF-industry leaders BlackRock Inc’s iShares unit and WisdomTree Investments Inc both launched slates of international... More »
NEW YORK A BlackRock exchange-traded fund that tracks long-dated U.S. Treasuries was poised for its biggest weekly loss in 13 months as a rebound in stock markets worldwide stoked a sharp sell-off in U.S. government debt. BlackRock’s iShares 20-Plus Year Treas... More »
LONDON Investors withdrew $7.3 billion from stocks in the week to April 20, the largest outflows in nine weeks, while continuing to shovel money into corporate and emerging market debt, Bank of America Merrill Lynch (BAML) (BAC.N) said on Friday. The equity re... More »
NEW YORK Exchange-traded fund investors showed continued confidence in U.S. markets, delivering stock ETFs based in the country $3.5 billion and their sixth straight week of net new cash during the latest week, Lipper data showed on Thursday. Stock mutual fund... More »
NEW YORK With U.S. gasoline selling under $2 a gallon, food prices relatively flat and Wall Street bond traders betting on 1.5 percent annual inflation as far the eye can see, it may seem like the wrong time to worry about rising consumer prices. But some voic... More »
NEW YORK S&P Dow Jones Indices is negotiating with asset managers to license its new index, which it says represents companies that focus on the long term rather than the current quarter. The Long-Term Value Creation Global Index .SPLTVCUN could be the basis f... More »
NEW YORK Investors pulled $1.57 million in February from the Janus Global Unconstrained Bond Fund run by closely followed investor Bill Gross, down from cash withdrawals of $14 million in January, Morningstar data showed on Tuesday. The Janus Global Unconstrai... More »
NEW YORK BlackRock Inc said on Friday it will change the benchmarks on four iShares Treasury exchange-traded funds (ETFs) from Barclays’ Treasury bond indexes to ICE’s Treasury bond indexes, effective on or after March 31. The four iShares ETFs affected by the... More »
SHANGHAI Chinese stock investors are finally seeing value in domestic shares, but there’s a twist: instead of wading back onto battered onshore exchanges, they’ve gone shopping for bargains in Hong Kong. By doing so they are exploiting a long-standing market d... More »
LOS ANGELES For everyone who has been saying interest rates can only go up, well – now is their time. But what does the Federal Reserve’s decision to raise interest rates actually mean for your wallet? Probably not much for the near-term. One small interest ra... More »
NEW YORK Fidelity Investments is building an automated portfolio-management service for individual investors, joining a growing group of money and brokers that have bought or designed such “robo-advisers,” a spokesman for the firm said Friday. The platform, ca... More »
The New York Stock Exchange has asked U.S. federal regulators to let it flag “aberrant” pricing of exchange-traded funds, according to a filing on Thursday. The exchange asked regulators for permission to discourage traders from relying on prices “that the exc... More »
NEW YORK MSCI will add Alibaba Group, Baidu.com and a dozen other overseas-listed Chinese shares to its emerging market index beginning on Dec. 1, in a move that is expected to draw billions of dollars into the stocks and make MSCI the first indexer to include... More »
NEW YORK The financial sector is expected to be a bright spot for U.S. earnings growth in the third quarter, but options traders are playing it safe by snapping up protection against any surprises. Market volatility tends to rise during earnings season, and wi... More »
DoubleLine Capital, the investment firm with $80 billion in assets overseen by widely followed co-founder Jeffrey Gundlach, is planning two new exchange-traded funds (ETF), following the fast growth of its first such product. State Street Global Advisors, Doub... More »
LONDON Investors pulled another $19 billion from equity funds over the past week as they sought safety in government bond funds, which have enjoyed the longest run of inflows in four years, Bank of America/Merrill Lynch said on Friday. The exodus from emerging... More »
BNY Mellon Corp (BK.N) expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said. The resolution of the issue, which affected the calculation of billions of ... More »
BNY Mellon Corp’s (BK.N) computer glitch this week has disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds with about $404 billion in assets, according to data from Morningstar Inc and Lipper Inc. On Thursday, for example, 1,30... More »
NEW YORK DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Monday that the U.S. equity markets face another round of selling pressure. “The U.S. stock market is in a mode of uncertainty, at best,” Gundlach said... More »
Australia’s Macquarie Group (MQG.AX) is entering the U.S exchange-traded fund market making business, officials told Reuters in an interview. Market makers provide ETF issuers with an array of services, including providing seed capital and distribution. They u... More »
LOS ANGELES Parent education loans can help your child attend the college of her dreams — and sink any dreams you had of ever retiring. The grim reality is that the federal PLUS loan program allows parents to borrow far more than they can comfortably, or even ... More »
NEW YORK Investors worldwide pulled $1.2 billion out of precious metals funds in the week ended July 29 on expectations for higher U.S. interest rates and weakness in Chinese shares, data from a Bank of America Merrill Lynch Global Research report showed on Fr... More »
NEW YORK Investors pulled $3 billion in assets from Pacific Investment Management Co’s flagship fund in June, compared with $2.7 billion the previous month, in another sign Pimco is stabilizing since last fall’s departure of star manager Bill Gross. The Pimco ... More »
