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IMF-Mexico: Selected Issues
November 22, 2016--THE TRANSMISSION OF MONETARY POLICY RATES TO LENDING AND DEPOSIT RATES1
Monetary policy rate changes are passed through rapidly to bank rates. Pass-through is complete for
commercial lending rates, but weaker for deposit rates and especially low for sight deposits.
Pass through to mortgage rates is statistically insignificant.
A. Introduction
1. This paper analyses the speed and degree of the transmission of monetary policy rates to lending and deposit rates. One of the main channels of transmission of monetary policy is through its impact on lending rates. so it is important to assess its effectiveness.
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Source: IMF
FlexShares Launches Core Select Bond ETF
November 22, 2018--FlexShares(R) Exchange Traded Funds, sponsored and managed by Northern Trust, today announced it has expanded its Exchange Traded Fund offering for investors and financial advisors with a second actively managed fixed income ETF: the Core Select Bond Fund (NYSE: BNDC).
"Demand for fixed income ETFs is growing rapidly as evidenced by the growing share of fixed income ETFs in the past several years," said Shundrawn Thomas, head of Northern Trust's Funds and Managed Accounts Group.
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Source: FlexShares
Goldman Sachs quits R3 blockchain consortium
November 21, 2016--US bank decides against taking part in a $150m funding round.
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Source: FT.com
Fidelity CEO Abigail Johnson to become chairman as well
November 21, 2018--Abigail Johnson will succeed her father as chairman of Fidelity Investments early next month, solidifying her control of the Boston money manager.
The move caps Johnson's ascent to the top of a firm founded by her grandfather and led for decades by her father. She was named CEO in 2014.
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Source: marketwatch.com
Steven A Cohen makes a move into index funds
November 21, 2016--Acorns Grow encourages users to make regular small-dollar contributions into a basket of exchange-traded index funds.
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Source: Financial News
Trump's turn? Republican presidents rule recessions
November 20, 2016--History could portend a bad omen for President-elect Donald Trump: recessions are more common under Republican presidents.
Every Republican president since Teddy Roosevelt in the early 1900's endured a recession in their first term, according to an analysis from Sam Stovall, chief investment strategist at stock research firm CFRA.
Four Republican presidents suffered through two recessions while in office and Republican President Dwight Eisenhower presided over three. Meanwhile, Democrats have largely skated past the recession quicksand. Four in five Democratic presidents saw no recessions during their terms since 1945, Stovall says.
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Source: usatoday.com
More Seek Advice Through Employer Plans-The trend is shifting
November 20, 2016--Seventy-one percent of Americans are interested in receiving financial advice, according to the TIAA 2016 Advice Matters Survey.
Forty-five percent of Generation Y has received advice, but 82% would like to receive it. Thirty percent of those earning under $50,000 a year have had financial advice, but 61% would like to get it.
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Source:plansponsor.com
Exclusive: Wells Fargo to unveil robo-adviser partnership with SigFig.
November 18, 2016--Wells Fargo & Co is set to announce a partnership with SigFig for clients to use the robo-adviser's technology and wealth management investment tools.
The announcement is expected on Tuesday, the bank said, with Wells likely to roll out a pilot version of the service during the first half of 2017.
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Source: Rueters
First Asset Hamilton Capital European Bank ETF Announces Change of Portfolio Manager
November 18, 2016--First Asset Investment Management Inc., the manager of First Asset Hamilton Capital European Bank ETF (the "ETF") (TSX: FHB and FHB.A) announces that Signature Global Asset Management ("Signature"), a division of CI Investments Inc. and an affiliate of the manager, will assume the portfolio management responsibilities for the ETF effective the close of business today.
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Source: First Asset
Closing of Oppenheimer Navellier Overall A-100 Revenue ETF
November 18, 2016--OppenheimerFunds, Inc. announced today that the Navellier Overall A-100 Revenue ETF (RWV) (the "Fund") will be closed and liquidated.
On November 11, 2016, the Board of Trustees of the Fund approved its liquidation. The final day of trading on the NYSE Arca for shares of the Fund will be Thursday, December 15, 2016.
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Source: oppenheimerfunds.com
