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China's economic slowdown, the stock market swoon and surprise currency devaluation have sent ripples across the global economy. Emerging markets bear the brunt of the pain. Many of these developing economies in Asia and Latin America are big trading partners with China, particularly in the commodities sector.
Global banks and brokerages, vilified for their role in the global financial crisis and later price-rigging scandals, are back in fashion with investors. That may seem surprising since banks continue to spend billions on U.S. legal settlements years after the housing market meltdown and financial failures of 2008 and 2009.
The search for yield is a daunting one for investors in this era of near-zero interest rates writes Covestor's CIO. Yes, the U.S. Federal Reserve is widely expected to raise rates later in the year. Even so, they will probably remain at historically low levels well into 2016. Hence, the popularity of multi-asset exchange-traded funds (ETFs) since the end of the financial crisis. These funds are designed to give return-seeking investors exposure to a variety of asset classes bundled up in one package.
China poses an interesting paradox for ETF investors writes Covestor’s CIO. The world’s second-biggest economy, which averaged 10% growth rates from 1980 to 2012, is decelerating. China grew 7% in the first quarter, the slowest pace since the 2009 global recession. Article quotes Steve Gluckstein, Managing Partner at Seaview Global Advisors and a Portfolio Manager on Covestor.
Covestor, an online investing marketplace, and Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), the largest US electronic broker by daily average revenue trades, announced that they have entered into a definitive agreement under which Interactive Brokers will acquire Covestor.
For ETF investors, Apple stock is a lot like the Apple devices: It’s everywhere, writes Covestor’s CIO. Investors may be particularly overexposed to Apple, if they invest in the big-name, broad-market ETFs. Article quotes Ken Kam, CEO of Marketocracy and a Portfolio Manager on Covestor.
Covestor’s CIO writes that investors who are interested in the health of their portfolios might wonder how to position themselves for sweeping changes taking place in how health care is done in America. Article quotes Thomas Yorke, Oceanic Capital’s Managing Director and a Covestor Portfolio Manager.
Housing is back, writes Covestor’s CIO. Prices are rising. Sales are up. For the first time in years, market realities and political will seem to be moving in tandem in support of housing. Article quotes Charles Sizemore, chief investment officer of Sizemore Capital Investments and a Portfolio Manager on Covestor.
Among the financial industry’s latest innovations are online investment services. This article reviews Covestor and other services.
Covestor CIO writes that falling oil prices - about $54 a barrel, the lowest since 2009 - are expected to continue in 2015. Covestor Portolio Manager Dan Plettner quoted.
Covestor Portfolio Managers Barry Randall and Jane Edmondson quoted on their top investing ideas in this annual outlook. Randall is CIO of Crabtree Asset Management. Edmondson is founder of EQM Capital.
Covestor’s CIO writes that a generation of investors nearing retirement is increasingly looking at alternative investments, such as commodities, real estate, private equity and hedge funds, not only to reach for higher returns but also to provide a hedge against risk through portfolio diversification.
Covestor’s CIO examines investments in the retail sector. Three retail ETFs are cited by Charles Sizemore, chief investment officer of Sizemore Capital Investments and a Portfolio Manager on Covestor.
Feature story on Bob Freedland, a Portfolio Manager on Covestor.
When "bond king" Bill Gross abruptly left Pimco last month, many fixed income investors -- usually a risk averse and restrained lot -- bolted in all directions. Billions of dollars poured out of the actively managed funds Gross created, much of it going into exchange-traded funds (ETFs). That touched off a debate: Does passive ETF investing in bonds work as well as it does in stocks?
Covestor’s CIO examines whether bond-fund powerhouse Pimco or passive investing guru John Bogle have the right approach to bond investing.
Charles Sizemore, chief investment officer of Sizemore Capital Investments, writes about the benefits of managing portfolios on Covestor.
"Bond king" Bill Gross has been a regular prognosticator of what will happen in markets. But the lesson he taught us on Friday about some of the risks inherent in closed end funds investing is instructive as well.
Covestor lets users automatically tie their own portfolios to that of a Portfolio Manager of their choice; both are Security and Exchange Commission-registered investment advisers.
Investors went through the most agonizing financial event of our lifetimes with the recent global financial crisis. But a couple of good years of growth in the market, and we as investors tend to forget how easily it can all fall apart.
Burgeoning online investing site Covestor just might be forging a new distribution channel for fund firms -- and disrupt the supermarket platform wars.
Services such as Covestor enable an investor to link investment accounts to portfolios actively managed by other investors or investment professionals, and automatically mirror every investment move that the latter make.
The Wall Street Journal interviewed Covestor CEO Asheesh Advani for a story this week about how more financial advisers are embracing online investing websites. WSJ reporter Murray Coleman writes about how advisers and planners are using online-advisory services like Covestor to reach more investors.