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Legg Mason Launches Global Infrastructure ETF
January 9, 2017--Focused Exposure to Listed Global Infrastructure Expands Opportunities
Legg Mason Inc., (NYSE:LM), today announced that it has launched the Legg Mason Global Infrastructure ETF (Nasdaq:INFR) which is sub-advised by RARE Infrastructure, a Legg Mason affiliate.
The ETF seeks to provide income and capital appreciation through a diversified portfolio of global infrastructure securities across developed and emerging markets.
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Source: Legg Mason
CBO-Monthly Budget Review for December 2016
January 9, 2017--The federal budget deficit was $207 billion for the first three months of fiscal year 2017, CBO estimates-$8 billion less than the shortfall recorded during the same period last year.
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Source: Congressional Budget Office (CBO)
The Ryan ALM Pension LetterTM-December 2016
January 9, 2016--Ryan ALM Pension Letter is a quarterly nesletter that measures pension asset growth vs. pension liability growth based on ASC 715, PPA spot rates, PPA MAP-21, GASB and market discount rates.
Ryan ALM Pension Letter also reviews a wide range of topical subjects related to pensions and global economic events.
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Source: ryanalm.com
Sprott Appoints New Director
January 9, 2017--Sprott Inc. (TSX:SII) ("Sprott" or the "Company") announces the appointment of a new director, effective January 9, 2017.
Ron Dewhurst has been appointed to the Sprott Board of Directors and will stand for re-election at the Company's next Annual General Meeting.
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Source: globenewswire.com
Fed's Powell Urges Congress to Take Another Look at Volcker Rule
January 7, 2016--Governor sees 'tremendous expense' from current practices
Powell wary of financial imbalances as he sees growth pick up
Federal Reserve Governor Jerome Powell urged Congress to rewrite the Volcker Rule that restricts proprietary trading, while urging "a high degree of vigilance" against the buildup of financial risks amid improving U.S. growth.
view more CFTC.gov Commitments of Traders Reports Update Active managers tripped up as just 19% beat benchmark view more
The new effective date would be two years from passage of the bill.
Source: pionline.com
January 6, 2017--The current reports for the week of January 3, 2017 are now available.
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Source: CFTC.gov
January 5, 2017-US growth funds had worst performance last year but value funds fared better
Only one in five mutual fund managers that invest in shares of large US companies beat their benchmark last year -half of the rate notched up in 2015.
Source: FT.com