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Pimco's recovery from Gross exit continues as managed assets hit $1.6tn
July 13, 2017--Pimco said on Thursday that its assets under management climbed 6.6 per cent in the second quarter, highlighting the US fund manager's recovery from co-founder Bill Gross's departure three years ago.
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Source: FT.com
IMF Country report-Canada: Selected Issues and Analytical Notes
July 13, 2017--INFRASTRUCTURE BANK: LEVERAGING PRIVATE
CAPITAL IN THE PUBLIC INTEREST1
A. Introduction
1. Investment in infrastructure is a growing component of national economic growth strategies worldwide. While often used as a short-term stimulus to increase demand in an
economy, infrastructure is also effective in the long-term by raising labor productivity growth and
supporting export performance.
IMF research has concluded that there is robust evidence that
increasing public investment, and correspondingly the stock of public capital, is positively correlated
with economic growth
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Source: IMF
Bats Welcomes Two New PowerShares Funds to the Bats ETF Marketplace
July 13, 2017--Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed two new PowerShares funds to the Bats ETF Marketplace.
Their launch brings the total number of PowerShares funds listed on the Bats ETF Marketplace to 10.
The PowerShares S&P 500 Minimum Variance Portfolio ETF (Bats: SPMV) seeks to track the investment results of the S&P 500(R) Minimum Volatility Index. The PowerShares Russell 1000 Enhanced Equal Weight Portfolio ETF (Bats: USEQ) seeks to track the investment results of the Russell 1000(R)Enhanced Value Equal Weight Index.
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Source: Bats Global Markets
BlackRock Expands iShares Fixed Income ETF Offerings
July 13, 2017--Establishing the iShares MBS ETF (MBB) as an Investor Vehicle of Choice in $5.5 Trillion Mortgage-Backed Bond Market
Meets Growing Client Demand for Smart Beta and ESG Fixed Income Strategies with New Funds
BlackRock is infusing the mortgage-backed bond market with a competitively priced choice to traditional mortgage bonds: a lower cost exchange-traded fund, iShares MBS ETF (MBB).
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Source: BlackRock
Bats Welcomes New Issuer Oppenheimer Funds to the Bats ETF Marketplace
July 13, 2017--Bats, a CBOE Holdings, Inc. company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed new issuer OppenheimerFunds to the Bats ETF Marketplace, with the listing of three revenue-weighted funds.
The funds include:
The Oppenheimer Emerging Markets Revenue ETF (Bats: REEM), which seeks to outperform the total return performance of the MSCI Emerging Markets Index;
The Oppenheimer Global Revenue ETF (Bats: RGLB), which seeks to outperform the total return performance of the MSCI ACWI Index; and
The Oppenheimer International Revenue ETF (Bats: REFA), which seeks to outperform the total return performance of the MSCI EAFE Index.
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Source: Bats Global Markets
Vanguard CEO Bill McNabb to Step Down
July 13, 2017--Money manager says investment chief Tim Buckley will take over in January.
Vanguard Group named a new chief executive who will have to confront a challenge most companies wish they had: intense growth.
Mortimer J. "Tim" Buckley, a onetime assistant to the firm’s founder Jack Bogle, will replace F. William McNabb III in January.
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Source: Wall Street Journal
Bats Welcomes Two New iShares Funds to the Bats ETF Marketplace
July 13, 2017--Bats, a CBOE Holdings,Inc. company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed two new iShares funds
to the Bats ETF Marketplace
Their launch brings the total number of iShares funds listed on the Bats ETF Marketplace to 45.
The iShares Edge High Yield Defensive Bond ETF (Bats: HYDB) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds.
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Source: Bats Global Markets
IMF Country Reports-Brazil: Selected Issues
July 13, 2017--INVESTMENT IN BRAZIL: FROM CRISIS TO RECOVERY1
While Brazil's deep recession has been broad based, it has been marked by a particularly large fall in investment. Real investment fell by around 30 percent between the beginning
of 2014 and the beginning of 2017.
This chapter finds that a variety of factors contributed to the investment decline, including a deterioration in Brazil's medium-term growth
prospects, rising real interest rates, falling terms of trade, rising uncertainty related to
economic policy, rising levels of corporate leverage and lower cash flow. Some of the factors that have weighed on investment over recent years have begun to normalize
providing some impetus for a recovery.view report
Source: IMF
EURO STOXX 50 Licensed To U.S. Based Direxion
July 12, 2017--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, today announced that the EURO STOXX 50 has been licensed to Direxion Funds to underlie a 3x Leveraged ETF.
"We are delighted that Direxion has chosen our European flagship index to underlie an exchange-traded fund in the U.S." said Matteo Andreetto, chief executive officer, STOXX Limited. "The EURO STOXX 50 Index remains Europe's most favored and well-known blue chip equity index. Its liquidity, transparency and rules based methodology makes the index an ideal tool to participate in the performance of the Eurozone equity markets."
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Source: STOXX
Canada's rate rise is latest shift in global central bank policy
July 12, 2017--Rate rise boosts the Canadian currency as central bank positions for inflation uptick.
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Source: FT.com