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Vanguard Steps Into Muni-Bond Indexing
The fund giant's first muni-bond index fund has had a quiet debut
November 8, 2015--Long associated with index funds, Vanguard Group didn't launch its first municipal-bond index fund until this past August.
At an annual cost of 0.12%, Vanguard Tax-Exempt Bond ETF (VTEB) tracks the S&P National AMT-Free Municipal Bond Index, the same one tracked by iShares National AMT-Free Muni Bond ETF (MUB), which has a 0.25% expense ratio.
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Source: Wall Street Journal
WisdomTree Cross-Lists 3 Additional ETFs in Mexico
Company Further Extends Global Reach in Latin America
November 9, 2015--
WisdomTree Investments, Inc., an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced that an additional three WisdomTree ETFs have been listed on The Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV), S.A.B. de C.V.
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Source: MarketWatch
Dash for debt ahead of US rate rise
November 8, 2015--A spate of jumbo corporate debt offerings has lifted US issuance to a record high as companies seek to lock in financing to fund multibillion-dollar acquisitions before
the Federal Reserve lifts rates for the first time since the financial crisis.
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Source: FT.com
Algo traders, regulators and the age of the 'Wall Street' second
November 6, 2015--Don Henley sang that "in a New York minute, everything can change". On Wall Street, a second is all it takes these days.
Immense progress in computing has revolutionised every industry in recent decades, including asset management and market-making.
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Source: FT.com
OTC Derivatives Regulators Deliver Report to the G20 Leaders
November 6, 2015--The OTC Derivatives Regulators Group (ODRG) delivered a report today to the G20 Leaders that provides an update regarding the ODRG's continuing effort to identify and resolve cross-border issues associated
with the implementation of the G20 OTC derivatives reform agenda.
view the Report of the OTC Derivatives Regulators Group (ODRG) on Cross-Border Implementation Issues
Source: CFTC.gov
CBO- Monthly Budget Review: Summary for Fiscal Year 2015
November 6, 2015--In fiscal year 2015, which ended on September 30, the federal budget deficit totaled $439 billion-$44 billion less than the shortfall in 2014.
Fiscal year 2015 was the sixth consecutive year in which the deficit declined as a share of the nation's gross domestic product (GDP). The deficit peaked at 9.8 percent of GDP in 2009; it fell to 2.8 percent in 2014 and to 2.5 percent in 2015.
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Source: Congressional Budget Office (CBO)
This 3D Map Visualizes the U.S. Economy in a New Way
November 4, 2015--The U.S. Department of Commerce and its Bureau of Economic Analysis (BEA) recently released its statistics on gross domestic product (GDP) by metropolitan area for 2014.
The BEA determines the statistics for each metropolitan area as the sum of the GDP originating in all industries in the area. The data is the sub-state counterpart of the nationwide GDP. It is the most comprehensive measure of economic activity.
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Source: Howmuch.net
Brazil faces critical moment to put economy back on track
November 4, 2015--Brazil has made remarkable social and economic progress in the past two decades, but must now overcome important challenges if it is to put its economy on a stronger,
fairer, greener growth trajectory, according to two new reports from the OECD.
view the OECD Economic Survey of Brazil 2015
Source: OECD
UPDATE 1-Fed mulling higher capital cushion for banks handling commodities-FT
November 3, 2015--The U.S. Federal Reserve is considering requiring banks that handle physical commodities to increase their capital buffers as a hedge against accidents, such as tanker spills or gas pipeline explosions, the Financial Times reported on Tuesday.
The paper, citing people briefed on the matter, said the U.S. central bank wants to use the new capital requirements to discourage banks from risky activities that could threaten their survival in the event of a catastrophe.
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Source: Reuters
Brazil's BM&FBovespa in Preliminary Talks to Merge With Cetip
November 3, 2015--BM&FBovespa SA, Latin America's largest bourse operator, is in preliminary talks with rival Cetip SA Mercados Organizados for a potential combination.
In a securities filing on Tuesday, BM&FBovespa said the talks would not necessarily result in a deal.
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Source: Reuters