by
Dorothy Hinchcliff
Stocks in developed countries are rising the most since 1998 while
emerging markets slump, a sign the U.S. is returning to its role as the
engine of world growth aided by a recovery in Europe.
Egypt's default risk fell and shares rallied as Hosni Mubarak stepped down as the country's president.
A former Julius Baer Group Ltd. employee's effort to
discredit the 121-year-old bank by handing stolen client data to
WikiLeaks has put Swiss banking secrecy back in the spotlight.
Many European countries are pursuing "excessive austerity," risking a
marked slowdown in economic growth, Nobel Prize-winning economist Joseph
Stiglitz said.
Investors are paring bets on shares in the fastest-growing economies after pouring more than $90 billion into emerging-market stock funds last year.
Junk bonds in Asian countries where infrastructure spending is fueling
growth, such as Indonesia, should offer the best returns in 2011.
Price pressures are pushing emerging-market central banks to raise interest rates this year, tarnishing the appeal of their
stocks and increasing investor interest in the U.S.
The combined market value of U.S. ETFs surpassed $1
trillion for the first time in 2010, while ETFs investing in emerging
markets and bonds receiving the most new money.
U.S. citizens may
become global "pariahs" when a law forcing foreign banks to report
their accounts takes effect, according to Switzerland's oldest bank.
by
Dorothy Hinchcliff
Nouriel Roubini, the New York University economist who predicted the global financial crisis, says Brazil may attract even more foreign investors with it's plan to cool inflation.
U.S.-investment dollars are flowing to emerging markets where economies
are booming and, in the eyes of some, the outlook for the local currency
is better.
A price war is slashing expenses to the bone on index-tracking
exchange-traded funds and mutual funds. And that suits Harold Evensky
fine.
Bob Goldfarb and David Poppe of Sequoia Fund, Brent Lynn of Janus
Overseas and Michael Hasenstab of Templeton Global Bond were named
mutual-fund managers of the year for 2010.
by Nick Murray
From 2010, but for a lifetime: four supremely important books.
Renewable-energy funds suffered record outflows this year, reversing
their direction from 2009, as money managers including BlackRock Inc...
A record number of Chinese companies are selling stock to U.S. investors, who should approach these deals with caution, especially in light of an SEC probe, says an investment group.
Investors who forget what they paid for shares of stock will get help
starting next year, courtesy of the IRS.
Loomis Sayles & Co. has fled Treasuries and bought Canadian and
Indonesian debt, beating out 95% of fixed-income funds this year.
