Industry

Briefly:

Research in Barclays Capital’s flagship publication, Global Outlook: Green Shoots Blossom, has found economic growth likely to increase in the second half of 2009. Asia is already experiencing rapid growth. However, investors have yet to factor in a rebound in the U.S. and European markets, likely because of fears regarding household and business balance sheets. […]

By Staff |June 26, 2009

5 min read

Briefly:

BetaPro Management has announced the launch of four new commodity-based exchange traded funds, aimed at tracking the long-term performance of the underlying resource. These ETFs do not use leverage and do not rebalance at the end of the trading session, two strategies that have been criticized for skewing long-term performance. “Due to advisor and investor […]

By Staff |June 25, 2009

2 min read

Get your finance basics right

All advisors know tax strategies can mean the difference between so-so and stellar financial planning. But does the average advisor really understand every tax particular? Tax expert Jamie Golombek recently surprised a group of financial planners with a pop quiz to find out. Here’s a sample question: A capital loss is carried back from 2008 […]

By Deanne Gage |June 25, 2009

4 min read

Feds buy two AIG units, plan IPO

American International Group (AIG) will reduce outstanding U.S. federal loans by $25 billion (US) by giving the federal government a stake in two big life insurance units. The plan would eventually see American Life Insurance Company and American International Assurance Company spun off as publicly-traded companies. In an effort to reduce debt, AIG also entered […]

By Melissa McCormick |June 25, 2009

2 min read