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IMF-Fiscal Policy in Latin America: Lessons and Legacies of the Global Financial Crisis
April 30, 2015--Summary: Latin America's bold fiscal policy reaction to the global financial crisis was hailed as a sign that the region had finally overcome its procyclical fiscal past.
However, most countries of the region have not yet rebuilt their fiscal space, despite buoyant commodity revenues and relatively strong growth in the aftermath of the crisis. Using the experience of Brazil, Chile, Colombia, Mexico, Peru, and Uruguay, this paper examines the lessons and legacies of the crisis by addressing the following questions, among others: How much did the 2009 fiscal stimulus help growth? What shortcomings were revealed in the fiscal policy frameworks? What institutional reforms are now needed to provide enduring anchors for fiscal policy? How much rebuilding of buffers is needed going forward?
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Source: IMF
Report On Foreign Portfolio Holdings Of U.S. Securities At End-June 2014
April 30, 2015--The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2014 were released today on the Treasury website.
The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. The next survey will cover holdings at the end of June 2015; preliminary data are expected to be released by February 29, 2016.
view the Foreign Portfolio Holdings of U.S. Securities as of June 30, 2014
Source: US Department of the Treasury
AdvisorShares Weekly Market Update: This Week in Active ETFs: We Have Gold in Euros
April 30, 2015--For the week 0f April 20-April 24
NASDAQ 5000! Will It Stick This Time?
US equity markets were stronger across the board with little volatility except for the NASDAQ's upside volatility as it added..
The Dow Jones Industrial Average gained
1.42% last week while the S&P 500 moved ahead 1.76% and the Russell 2000 was the laggard with a 1.25% lift.
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Source: AdvisorShares
U.S. Global Investors Launches "JETS" Airline Industry ETF (NYSE: JETS)
Structural changes to the industry, low oil prices have once again made airlines an attractive investment proposition
April 30, 2015--U.S. Global Investors, a San Antonio, Texas-based investment adviser, today launched the U.S. Global Jets ETF (NYSE: JETS).
Meeting demand for the strongest industry in the industrials sector, JETS is the only airline industry ETF and offers investors global exposure to commercial airline, aircraft manufacturing, and airport industries based on fundamental and liquidity factors.
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Source: U.S. Global Investors, Inc.
Goldman Sachs, Like Others on the Street, Dips a Toe in Bitcoin
April 30, 2015--If you haven't heard it yet, Wall Street's interest has been piqued by bitcoin.
Today's news, that Goldman Sachs Group Inc. was a co-lead investor in a $50 million funding round for bitcoin-services firm Circle Internet Financial, is only the latest in a string of stories about Wall Street and bitcoin
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Source: Wall Street Journal
IMF-Growth in Latin America Weakens for Fifth Year in a Row
April 29, 2015--Growth in Latin America and Caribbean to drop below 1 percent in 2015, modest recovery expected in 2016
South America's growth weighed down by lower commodity prices; better outlook for Mexico, Central America, Caribbean
Region needs to tackle long-standing structural problems to raise investment, productivity
view the IMF Regional Economic Outlook-Western Hemisphere Northern Spring, Southern Chills
Source: IMF
PIMCO Names Former Fed Chairman Ben Bernanke To Serve As Senior Advisor
April 29, 2015--Will contribute economic expertise and insights to firm's investment process and engage PIMCO’s clients
PIMCO, a leading global investment management firm, announced that Dr. Ben Bernanke, former Chairman of the Federal Reserve, will serve as a senior advisor to the firm, contributing his economic expertise and insights to the firm's investment process and periodically engaging PIMCO's clients.
Source: PIMCO
New Index following stocks targeted by Activist investors-Listing of the Global X Guru(TM) Activist Index ETF on NASDAQ
April 29, 2015--Solactive AG is further expanding its Guru Family with the launch of the Solactive Guru Activist Index, used as underlying for the Global X Guru(TM) Activist Index ETF (ACTX) listed today on NASDAQ.
The Solactive Guru Activist Index tracks the price movements of US listed equity holdings of a group of activist investors. Activists acquire a company's shares with the goal of enacting changes in the company's business policies to unlock additional value for shareholders.
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Source: Solactive
Recon Capital Launches Only US-Listed ETF to Track London's FTSE 100
April 29, 2015--Trading under the ticker UK, the Recon Capital FTSE 100 ETF will seek to provide country-specific exposure to dominant European market
Recon Capital, the issuer behind the Recon Capital Nasdaq 100 Covered Call ETF and the Recon Capital DAX Germany ETF, has expanded its suite of products with the launch of the Recon Capital FTSE 100 ETF, the only U.S.-listed ETF benchmarked to the FTSE 100. The fund is slated to be available for trading on April 29, 2015.
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Source: Recon Capital
Deutsche dissolving target-date ETFs
April 29, 2015--Deutsche Asset & Wealth Management is liquidating its X-trackers target-date retirement exchange traded funds.
The five retirement-themed funds-In-Target Date, 2010 Target Date, 2020 Target Date, 2030 Target Date and 2040 Target Date-will stop accepting creation orders on May 15 and will cease trading on May 18, according to a Deutsche AWM release.
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Source: FT.com
