Oct. 14, 2014, 2:52 PM
- Just 32% of fund managers expect the global economy to strengthen over the next twelve months, according to the latest BAML Fund Manager Survey. It's the weakest showing in two years. Alongside, corporate earnings expectations are the poorest in 18 months.
- As a result, money managers have slashed overweight equity allocations to a two-year low of 34%, cut emerging market exposure for the first time in five years, boosted fixed-income holdings, gotten more underweight commodities, and raised cash levels to 4.9%.
- “Cash balances are high, but investors are retreating to benchmark positions rather than staging an exodus from markets,” says BAML's top market honcho Michael Hartnett.
- With interest rates scraping zero across the developed world, just 18% of those surveyed believe monetary policy is too stimulative. Yikes!
- ETFs: VV, SCHX, AOA, PERM, GTAA, FEX, CPI, AOK, JKD, AOM, AOR, RLY, EEH, EPRO, EQL, DBIZ, GAL, MATH, IWL, TZY, TZW, TGR, RRF, TDN, FWDD, TZV, GIVE, ERW, TZI, TZE, TDV, TZD, TZL, TDD, SYE, TZG, TZO, TDH, TDX
Apr. 26, 2013, 7:50 PM
BlackRock announced it will liquidate the iShares Diversified Alternatives Trust (ALT) next month. "Based on the review and client feedback, it appears this product has a limited role in today’s investment portfolios, and we have seen little long-term demand," said Patrick Dunne, head of Global Markets and Investments for BlackRock. This will be the first closure for an iShares ETF since 2002.| Apr. 26, 2013, 7:50 PM | 2 Comments
May 15, 2009, 8:25 AM
Labor Department's April Consumer Price Index (CPI) at 8:30. Economists expect an unchanged reading compared with -0.1% in March. Core CPI is seen up 0.1%, compared with a 0.2% rise last month.| May 15, 2009, 8:25 AM
Feb. 20, 2009, 8:33 AMConsumer Prices (CPI) +0.3% in January vs. December, just above the consensus forecast of +0.2%. Core CPI of +0.2% vs. +0.1% consensus. Consumer prices were flat vs. a year ago, against a consensus of +0.1%. Takeaway: consumer prices were much closer to consensus forecasts than were yesterday's wholesale prices. | Feb. 20, 2009, 8:33 AM
Jan. 16, 2009, 8:33 AMConsumer Prices (CPI) fell 0.7% in December vs. November, less than the consensus forecast of -0.9%. Core CPI of 0% vs. +0.1% consensus. Prices rose 0.1% vs. a year ago, vs. consensus of -0.2%. Core prices were -0.7% M/M, vs. -0.9% consensus, and +1.8% Y/Y. | Jan. 16, 2009, 8:33 AM