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15 April 2013
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  Top Stories 
  • Chinese GDP growth declined to 7.7% in Q1
    Expansion of China's gross domestic product fell from 7.9% in the fourth quarter to 7.7% in Q1, as the economic recovery lost momentum. Experts polled by Reuters had expected 8% growth. Meanwhile, revenue from property sales increased 61.3%, adding to concerns that the property market is overheating and will collapse. Reuters (15 Apr.), Xinhuanet.com (China) (15 Apr.), Bloomberg (15 Apr.) LinkedInFacebookTwitterEmail this Story
  • Japan and U.S. move toward trade agreement, officials say
    Japan has agreed to concessions giving the U.S. more access to its auto market and is willing to discuss further steps to ease a trade imbalance between the countries, U.S. officials said. The moves, although modest, open the door to Japan joining an 11-nation discussion that could lead to a free-trade zone that includes the U.S. and much of Asia, they said. The Washington Post (12 Apr.) LinkedInFacebookTwitterEmail this Story
  Market Activity 
 
Sector SPDRs carve the S&P 500 into nine sector exchange-traded funds (ETFs) that conveniently, efficiently, and affordably provide sector exposure while giving investors the unique ability to customize the S&P 500 to meet specific investment objectives.
See sectorspdrs.com for complete details.
  Economics 
  • Analysis: Structural reform is Japan's next big challenge
    Japanese Prime Minister Shinzo Abe, who made ending the persistent problem of deflation his top priority, got everything he wanted from the central bank but he may find implementing structural economic reform a tougher challenge, according to The Economist. The process is "complex and vulnerable to interference by vested interests," says Morgan Stanley's Robert Feldman. "Now, in other words, for the hard part," The Economist notes. The Economist (tiered subscription model) (13 Apr.) LinkedInFacebookTwitterEmail this Story
  • Financial advisers say they face time crunch
    Most financial advisers are generally happy about their business, but 64% are worried that they don't have time to "get things done," according to a study by Pershing. Advisers are pressed for time because two-thirds are adding clients, while less than 10% are reducing them, the study found. AdvisorOne (11 Apr.) LinkedInFacebookTwitterEmail this Story
Help Change Finance for the Greater Good
The Future of Finance project is a long-term global effort led by CFA Institute to shape a trustworthy, forward-thinking financial industry that better serves society.

Learn more and get involved
  Geopolitical/Regulatory 
 
  • EU sees progress in battle against tax evasion
    The EU's move to prevent residents from hiding assets in tax havens is picking up momentum. Countries agreeing to increase automatic cross-border sharing of bank-account information have doubled. "The surge in member states' appetite for progress and action in the fight against evasion is extremely welcome," EU Taxation Commissioner Algirdas Semeta said. The New York Times (tiered subscription model) (14 Apr.) LinkedInFacebookTwitterEmail this Story
  • Chinese regulator focuses on IPO reforms
    The China Securities Regulatory Commission appears to be concentrating on reforms aimed at initial public offerings, as investigative teams examine financial disclosures for companies that have filed to go public. Global Times (China) (14 Apr.) LinkedInFacebookTwitterEmail this Story
  • GOP could fight Obama proposal to raise SEC and CFTC funding
    President Barack Obama's budget proposal for fiscal 2014 would increase funding for the Securities and Exchange Commission and the Commodity Futures Trading Commission. The plan would raise SEC funding from $1.3 billion to $1.674 billion, and the CFTC would get $308 million, up from $205 million. Republican legislators are expected to fight those increases, as they have every year since the passage of the Dodd-Frank Act. The Hill/On the Money blog (13 Apr.) LinkedInFacebookTwitterEmail this Story
John Rogers, CFA to Speak at SQA Fuzzy Day in NYC on 31 May 2013
SQA presents its marquee conference "Sustainable Investing: Hype or Opportunity" where latest research in the field of socially responsible investing will be showcased. The conference will feature leading experts from the U.S., Europe, and Australia: John Rogers, Robert Shiller, Jack Gray, Bob Litterman, Bruce Kahn and others.
Join us 31 May in NYC.
  Financial Products 
  • First Trust enters European ETF market
    U.S. fund manager First Trust Advisors has made its first move into the European market of exchange-traded funds by listing three products on the London Stock Exchange and the Irish Stock Exchange. The First Trust Emerging Markets AlphaDEX UCITS ETF tracks the MSCI Emerging Markets Index. The First Trust U.S. Large Cap Core AlphaDEX UCITS ETF focuses on the Standard & Poor's 500 index. The First Trust United Kingdom AlphaDEX UCITS ETF is linked to the FTSE 100 Index. FundWeb (U.K.) (11 Apr.), IndexUniverse.eu (11 Apr.), InvestmentEurope.net (11 Apr.) LinkedInFacebookTwitterEmail this Story
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