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As their name suggests, exchange-traded funds (ETFs) are investment funds that trade openly on the stock exchange. Although they have become increasingly popular of late, ETFs have actually been around since the late 1970s.
Japanese risk assets—equities and real estate—remain on track for a multiyear structural bull market. For the new year 2017, we anticipate strong performance, driven by an upturn in the business cycle in general and the earnings cycle in particular.
This weekend’s French presidential election loss by the National Front’s Marine Le Pen was never much in question. Now, Macron is about to meet the conflict of his life as he marches headfirst into confrontation with the opposition.