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Fintech Focus For December 4, 2020
Thursday, December 3, 2020 - 8:49pm | 2010Quote To Start The Day: One can look at a SPAC as the reverse of a traditional IPO. A SPAC goes public first—usually with a highly regarded executive team able to raise money from large institutional investors—with the intent to acquire a private company to put in its shell within...
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Credit Compensation From China's High-Yield Bond Market
Sunday, November 24, 2019 - 7:34pm | 499When many fixed income investors think of high-yield bonds, they think of corporates issued by American companies. Over the past six years, approximately half the world's junk-rated debt has been issued in China. What Happened Dollar investors looking to diversify high-yield bond holdings while...
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Tread Carefully With This High Yield ETF
Wednesday, October 30, 2019 - 10:11am | 522From utilities stocks to real estate investment trusts and more, lower interest rates a supporting a slew of high-yielding assets this year. That theme extends to business development companies. BDCs focused on financing for small- and medium-sized business, usually extending loans ranging from $5...
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Fitch Ratings Downgrades Economic Forecast
Friday, September 13, 2019 - 3:08pm | 835Credit rating agency Fitch Ratings published a report Sept. 9 noting that trade policy disruptions, including recent sharp escalation in the U.S.-China trade war and significant risks of a no-deal Brexit, are darkening the global economic outlook. In an update of the company's global economic...
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Fitch: Boeing's Credit Rating Could Be Cut
Monday, July 29, 2019 - 11:54am | 445The 737 Max has been a nightmare for Boeing Co (NYSE: BA) and its investors, and the plane may soon cost the company its credit rating. On Monday, ratings agency Fitch said the 737 Max leaves Boeing with very little wiggle room to maintain its A credit rating in the near-term. Fitch has a...
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Banks Have Some Things To Work Out Before Helping The Vietnam ETF
Friday, June 7, 2019 - 7:45am | 551Among exchange traded funds tracking equities in developing economies, the VanEck Vectors Vietnam ETF (NYSE: VNM) has been a steady hand. VNM, the lone U.S.-listed ETF dedicated to Vietnamese stocks, is up almost 10 percent and the fund is modestly higher over the past month, sharply outperforming...
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Vietnam Earns Outlook Upgrade From Fitch
Friday, May 10, 2019 - 11:59am | 530With international trade tensions running higher, Vietnamese equities are getting caught in the downdraft. The VanEck Vectors Vietnam ETF (NYSE: VNM), the lone Vietnam exchange traded fund listed in the U.S., is down about 5 percent over the past month. What Happened While VNM is struggling against...
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Paving The Way Toward Filling Infrastructure Gaps
Thursday, May 2, 2019 - 12:31pm | 529In a rare display of bipartisanship, President Donald Trump and congressional Democrats recently agreed on seeking $2 trillion to shore up America's crumbling infrastructure. Infrastructure stocks and exchange traded funds, such as the Global X U.S. Infrastructure Development ETF (CBOE: PAVE),...
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Pro: Wynn, Crown Resorts Will Resume Acquisition Talks
Wednesday, April 10, 2019 - 3:59pm | 436U.S.-based casino operator Wynn Resorts, Limited (NASDAQ: WYNN) called off merger talks with Australia's CROWN RESORTS L/ADR (OTC: CWLDY), but one expert says talks will resume with a finalized agreement. What Happened Wynn's decision to walk away from merger talks is a "tactical play...
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Supply Concerns Emerge For Copper Miners ETFs
Thursday, March 28, 2019 - 12:50pm | 503As measured by the iPath B Bloomberg Copper Total Return ETN (NYSE: JJC), copper is doing pretty well this year. That exchange traded note is up 8.7 percent year to date. Some copper miners exchange traded funds are outperforming JJC, but those gains could be capped by concerns of excess supply....
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More Tumult For The Turkey ETF
Tuesday, March 26, 2019 - 12:56pm | 577Volatility is often the name of the game with the iShares MSCI Turkey ETF (NASDAQ: TUR) and that has been the case in recent trading sessions. After plunging last week amid speculation the lira is facing another crisis, TUR, the lone U.S.-listed exchange traded fund dedicated to Turkish equities,...
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A Test For The Thailand ETF
Friday, March 15, 2019 - 8:25am | 515The iShares MSCI Thailand ETF (NYSE: THD), the lone U.S.-listed exchange traded fund dedicated to Thai equities, is up 7.37 percent this year, a disappointing performance for a fund known to overshoot when broader emerging markets benchmarks rally. Year to date, THD is trailing the MSCI Emerging...
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Illinois Stumbles In Effort To Better Bond Rating: 'Deadbeat Of The Country'
Thursday, March 7, 2019 - 5:02pm | 918When J.B. Pritzker, Illinois' new Democratic governor, proposed his first budget, he warned that getting the state’s troubled finances in order would be a long-term project. “It took decades to get us into this mess. It will take at least several years to get us out of it,” he...
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Moody's, Fitch Issue Mixed Reports On Condition Of US Economy
Wednesday, December 12, 2018 - 12:58pm | 472Stocks were trading higher Wednesday after new reports from credit ratings agencies Moody’s and Fitch contained some mixed commentary on the overall health of the U.S. financial system. No Imminent Recession The flatter yield curve that has grabbed the attention of Wall Street in recent...
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Don't Expect Much From The South Africa ETF
Thursday, September 27, 2018 - 8:50am | 485The iShares MSCI South Africa ETF (NYSE: EZA) is up 3.28 percent over the past week, reducing its year-to-date loss to just over 22 percent. That's more than double the 2018 loss of the MSCI Emerging Markets Index and enough to make EZA one of the worst-performing single-country exchange-traded...