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CBO-Monthly Budget Review for March 2016
April 7, 2016--The federal budget deficit was $457 billion for the first six months of fiscal year 2016, the Congressional Budget Office estimates-$18 billion more than the shortfall recorded in the same span last year.
Receipts and outlays for the period were both 4 percent higher than the amounts recorded last year.
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Source: Congressional Budget Office (CBO)
WisdomTree Launches Emerging Markets Dividend Fund (DVEM) and International
DVEM Offers Broad-Based Access to Growth and Income Potential of Emerging Markets
IQDG as Newest Addition to Forward-Looking Quality Dividend Growth Suite of ETFs
April 7, 2016--WisdomTree (NASDAQ: WETF), an exchange-traded
fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the launch of
the WisdomTree Emerging Markets Dividend Fund (DVEM), and the WisdomTree International Quality
Dividend Growth Fund (IQDG) on the BATS Exchange.
DVEM seeks to provide exposure to dividend-paying stocks in the emerging markets and has an expense ratio of 0.32%. IQDG is designed to provide exposure to developed international dividend-paying stocks with growth characteristics and has an expense ratio of 0.38%.1
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Source: WisdomTree
IMF Working paper-Advancing Financial Development in Latin America and the Caribbean
April 7, 2016--Summary: This paper examines the state of financial development in the Latin America and Caribbean (LAC) region as well as potential growth and stability implications from further development. The analysis suggests that access to financial institutions has expanded notably in the past decade, and the region compares favorably with other emerging market regions on this dimension.
The region, however, continues to lag behind peers on broader financial development, especially with respect to markets, though there is substantial heterogeneity across countries. Financial systems in many LAC countries are also underdeveloped relative to their macroeconomic fundamentals. Further financial development could convey net benefits to the region, provided there is adequate regulatory oversight to prevent excesses.
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Source: IMF
First Trust Announces Changes to Investment Objectives for Twelve AlphaDEX(R) ETFs
April 7, 2016--On April 8, 2016, each of the index exchange-traded funds listed below (each, a "Fund") will change its investment objective to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of a new corresponding Nasdaq AlphaDEX(R) Equity Index (each, a "New Index").
Each New Index is a modified equal-dollar weighted index developed and maintained by Nasdaq, Inc. ("Nasdaq") that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology.
Minutes of the Federal Open Market Committee March 15-16, 2016
April 6, 2016--The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the minutes of the Committee meeting held on March 15-16, 2016.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
BM&FBovespa has said it sees chance for new distribution White House Fact Sheet: Strengthening Retirement Security by Cracking Down on Conflicts of Interest in Retirement Savings REX Shares Introduces First Ever Gold Hedged Equity ETFs view more
Bats Global Markets, Inc. Announces the Launch of its Initial Public Offering
Certain selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,680,000 shares. Bats will not receive any proceeds from the sale of any shares by the selling stockholders. Bats has applied to list the shares of its common stock on the Bats BZX Exchange under the symbol "BATS." read more J.P. Morgan Asset Management Launches Two New ETFS: JPIH and JPEH
BM&FBovespa SA, the operator of Latin America's biggest securities exchange, bought a stake in Bolsa Mexicana de Valores SAB as it expands its relationship with regional bourses.
April 6, 2016--Middle class economics means that Americans should be able to retire with dignity after a lifetime of hard work. But today, the rules of the road do not ensure that financial advisers act in their clients' best interest when they give retirement investment advice.
Instead, some firms incentivize advisers to steer clients into products that may have higher fees and lower returns. These conflicts of interest in retirement advice cost America's families an estimated $17 billion a year.
April 5, 2016--REX Shares, LLC (REX) today announced the launch of two exchange-traded funds (ETFs): the REX Gold Hedged S&P 500 ETF (NYSE Arca: GHS) and the REX Gold Hedged FTSE Emerging Markets ETF (NYSE Arca: GHE).
Both funds seek to allow for investors to diversify their portfolios by accessing exposure to gold without reducing equity allocations. The funds also can help protect against the risk of a weakening U.S. dollar through gold exposure.
Source: REX
April 4, 2016--Bats Global Markets, Inc. ("Bats"), a leading global operator of exchanges and services for financial markets, today announced the launch of its initial public offering of 11,200,000 shares of its common stock by certain Bats stockholders.
The initial public offering price per share is expected to be between $17.00 and $19.00.
Source: Bats Global Markets, Inc.
expands innovative strategic beta suite with two currency-hedged equity ETFs
April 4, 2016--J.P. Morgan Asset Management today announced the expansion of its strategic beta suite with the launch of two new funds, JPMorgan Diversified Return Europe Currency Hedged Equity ETF (JPEH) and JPMorgan Diversified Return International Currency Hedged Equity (JPIH).
Similar to JPMorgan Diversified Return Europe Equity ETF (JPEU) and Diversified Return International Equity ETF (JPIN), JPEH and JPIH offer a risk-managed approach to investing that can allow investors to capture most of the upside with a goal of providing less volatility in down markets.
