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Harvard Business School Report: Pessimism about the Future of the U.S. Economy Deepens; Political Dysfunction the Greatest Barrier to Strengthening U.S. Competitiveness
September 15, 2016--As political discourse confuses national discussion and candidates fail to put forth credible plans to improve U.S. economic growth and shared prosperity, Harvard's Michael E. Porter, Jan W. Rivkin, and Mihir A. Desai call for U.S. economic strategy involving business and government
5th annual U.S. competitiveness assessment polls business leaders and general public on federal policy changes that could improve competitiveness, such as corporate tax reform and immigration reform
view the PROBLEMS UNSOLVED AND A NATION DIVIDED-The State of U.S. Competitiveness 2016 Including findings from Harvard Business School's 2016 surveys on U.S. competitiveness
Source: Harvard Business School
J.P. Morgan Asset Management Launches First Fixed Income ETF: JPHY
strategy takes advantage of potential opportunities in the high yield market
September 15, 2016--J.P. Morgan Asset Management announced that the JPMorgan Disciplined High Yield (JPHY) actively-managed ETF officially launched today for trading
However, the high yield universe includes segments where risk has not been rewarded with commensurate return. JPHY provides high yield exposure by systematically excluding securities that exhibit what may be considered unattractive risk-reward profiles.
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Source: J.P. Morgan Funds
Nuveen Announces NuShares Enhanced Yield U.S. Aggregate Bond ETF; First Product Launched on Nuveens NuShares ETF Platform
September 15, 2016--Nuveen, an operating division of TIAA Global Asset Management, today announced that the NuShares Enhanced Yield U.S. Aggregate Bond ETF is now trading on the NYSE Arca under the symbol NUAG.
This new exchanged-traded fund (ETF), the first product to be launched on Nuveen's NuShares ETF platform, seeks to offer enhanced yield relative to the broad, investment-grade fixed income market with comparable risk and credit quality.
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Source: newson6.com
H.R. 1550, Financial Stability Oversight Council Improvement Act of 2015
September 15, 2016--H.R. 1550 would require the Financial Stability Oversight Council (FSOC) to change the procedures by which it designates certain companies as systemically important financial institutions (SIFIs).
Those procedural changes would apply only to SIFIs that are not banking institutions and would affect the regulatory activities of other federal financial regulators including the Board of Governors of the Federal Reserve.
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Source: Congressional Budget Office (CBO)
IMF Working paper-Highways to Heaven: Infrastructure Determinants and Trends in Latin America and the Caribbean
September 15, 2016--Summary: Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and the Caribbean. This paper provides a comprehensive overview of infrastructure in the region and highlights key areas in which infrastructure networks can be enhanced.
The public and private sectors play complementary roles in improving the infrastructure network. Therefore, it is critical to strengthen public investment management processes as well as the regulatory framework, including to ensure an appropriate mix of financing and funding for projects and to address environmental concerns.
KCG Completes Acquisition of Neonet
September 15, 2016--KCG Holdings, Inc. (NYSE: KCG) ("KCG") today announced that it has completed the acquisition of Neonet Securities AB ("Neonet"), an independent agency broker and execution specialist based in Stockholm,Sweden.
The Neonet business, which will operate as a subsidiary of KCG and be renamed KCG Neonet, will continue to be based in Stockholm and led by CEO Tim Wildenberg.
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KCG
CBOE To Launch Options On FTSE Emerging Index
Market-Cap-Weighted Index Reflects Performance Of Large And Mid-Cap Companies
September 15, 2016--Chicago Board Options Exchange(R)(CBOE(R)) today announced that it plans to launch options on the FTSE Emerging Index on September 26, 2016.
The FTSE Emerging Index is a market-capitalization weighted index representing the performance of large and mid-cap companies from advanced and secondary emerging markets.
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Source: CBOE
S-Network Hires Stephen H. Bitteker as Director of Sales
September 15, 2016--S-Network Global Indexes Inc., a New York-based index publisher, has hired Stephen H. Bitteker as Director of Sales.
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Source: S-Network Global Indexes, Inc
David B. Mazza-SPDR Blog-Investing for Impact: Why Consider Gender Diversity?
September 14, 2016--Discussions around the importance of portfolio diversification tend to revolve around ensuring diversity among asset classes.
But there's another type of diversification that could also provide benefits to a portfolio: gender diversity.
Although it has long been documented that men and women think, lead and solve problems differently, attention is now being paid to how this cognitive difference can be of benefit not only to the boardroom, but also the bottom line.
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Source: blog.spdrs.com
Deutsche AM expands ETF business with two US hires
September 14, 2016--Deutsche Asset Management has announced it has hired two portfolio managers for its ETF portfolio management division as the firm look to grow its passive business in the US.
Patrick Dwyer and Brandon Matsui, join the group's Deutsche X-Trackers team as portfolio managers and directors. They will report to Bryan Richards, head of passive portfolio management, and will be based in New York.
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Source: citywireamericas.com