Monthly Fund Flows – Detailing Passive and Active Flows
An update of mutual fund and ETF flows... Read More
An update of mutual fund and ETF flows... Read More
Stock and Bond Total Returns Through March 2018. ... Read More
Cell phone services have acted as a substantial drag on headline CPI over the past year, but this trend is likely about to come to an end. Charles Evans wants to see the dust settle before committing to further hikes.... Read More
China is expected to remain a buyer of U.S. Treasuries, which tends to occur with a strong U.S. consumer and rising yields. In other words, China's purchases are not a reason to get bullish on U.S. Treasuries. ... Read More
Flows into ETFs since 2001 show an investor preference for passive investment vehicles over actively managed mutual funds.... Read More
Stock and bond total returns through February 2018... Read More
Bloomberg – China Holdings of U.S. Debt Rose in 2017 by Most in Seven Years China increased its holdings of U.S. Treasuries last year by the most since 2010, in a signal its demand for American debt remains resilient. The... Read More
Bloomberg – U.S. Consumer Prices Rise More Than Forecast on Apparel Costs U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades, adding to signs of an inflation pickup that... Read More
Bloomberg Business – China?s Holdings of Treasuries Slump to Lowest Level Since July China?s holdings of Treasuries fell to a four-month low even as its foreign-exchange holdings increased in November, in a potential sign the world?s second-largest economy is curbing its... Read More
Bloomberg – U.S. Core Inflation Accelerates The underlying pace of U.S. inflation unexpectedly accelerated in December amid increased housing costs, reinforcing the outlook for the Federal Reserve to raise interest rates several times in 2018. Excluding food and energy, the so-called... Read More
Bloomberg – U.S. Inflation Picks Up on Energy Costs; Core Gauge Slows U.S. inflation picked up in November thanks to a jump in energy prices yet unexpectedly cooled when excluding food and fuel costs, which could factor into Federal Reserve... Read More
Comment The tables below show total returns through November 30, 2017. Click here for a printable PDF. ... Read More
The Financial Times – China and Japan?s US Treasury holdings dip in September The value of US Treasuries held by China and Japan, the US?s two largest creditor nations, dipped in September alongside a selloff in the country?s debt. Treasuries held... Read More
Traders and economists are at odds over inflation expectations. Both can point to data in support of their views.... Read More
Bloomberg – China’s Treasury Holdings Rose in August to Highest in Year China holds $1.2 trillion in Aug., up $34.5 billion from July China?s holdings of U.S. Treasuries rose in August to the highest in more than a year as... Read More
Pension Partners – Is the S&P the New Money Market? The words ?dangerous? and ?stocks? used to be synonymous. That equities were a risky investment was a given. All that seems to have changed. I was recently asked if it... Read More
Bloomberg Business – U.S. Inflation Picks Up, Ending Five-Month Streak of Misses Consumer-price index increased 0.4% m/m (est. 0.3% gain) after 0.1% rise the prior month; rose 1.9% y/y (est. 1.8%) Inflation may finally be getting back on track to reach... Read More