Americas ETP News
If your looking for specific news, using the search function will narrow down the results
IMF-Structural Forces Weigh on Future U.S. Growth
July 12, 2016--U.S. growth resilient, forecast at 2.2 percent this year, 2.5 percent in 2017
Addressing long-term structural problems key to ensure continued solid growth
U.S needs to lower public debt
While the U.S. economy is doing well, continued solid growth hinges on addressing long-term issues of falling labor force participation, weak productivity, rising income polarization, and high poverty rates, the IMF said in its annual review on the state of the U.S. economy.
view more
Source: IMF
Rep. DeFazio to Propose Financial Transactions Tax
July 11, 2016--Rep. Peter DeFazio (D-Ore.) is scheduled to introduce a plan to levy a 0.03 percent tax on most financial trades as he seeks to curb high-frequency trading.
The legislation, set to be introduced July 13, "will discourage risky trading behaviors that put everyday Americans' investments on the line and is expected to collect over $417 billion in revenue in the next decade," according to a July 11 statement from DeFazio's office. DeFazio introduced similar legislation in 2013.
view more
Source: Bloomberg BNA
CBO-Monthly Budget Review for June 2016
July 8, 2016--The federal budget deficit was $397 billion for the first nine months of fiscal year 2016, the Congressional Budget Office estimates-$81 billion more than the shortfall recorded during the same period last year.
Total Receipts: Up by 1 Percent in the First Nine Months of Fiscal Year 2016
Receipts for the first nine months of fiscal year 2016 totaled $2,470 billion, CBO estimates-just $23 billion more than in the same period last year.
view report
Source: Congressional Budget Office (CBO)
Auour Investments and Riskalyze Partner to bring Risk Number(R) to the Instinct Family of Downside Protection Strategies
July 7, 2016--Auour Investments, an investment firm focused on downside protection through risk regime detection, and Riskalyze, a platform that enables advisers to capture a quantitative measurement of client risk tolerance, have formalized a partnership to bring Auour Investment's Instinct family of ETF-based downside protection strategies to the Riskalyze community.
view more
Source: Auour Investments LLC
Folio Institutional's Model Manager Exchange Adds Morningstar Managed Portfolios ETF and Mutual Fund Models
July 7, 2016--Folio Institutional has added 31 Morningstar(R) Managed PortfoliosSM ETF and mutual fund models to its Model Manager Exchange (MMX).
Folio provides MMX, a network of third-party investment models, to registered investment advisors (RIAs) who seek more efficient, cost-effective asset management solutions.
view more
Source: Folio Institutional
Northern Trust Expands Mutual Fund Services for Correspondent Bank Clients
Leverages Broadridge's Matrix Financial Solutions for Trade Processing
July 6, 2016--Northern Trust announced today it will expand the third-party fund services it provides to Correspondent Trust Services clients through a collaboration with Matrix Financial Solutions, a Broadridge Company.
The enhanced capability will allow correspondent banks to trade mutual funds, exchange traded funds and collective investment trusts from more than 650 asset management fund families.
