The etf industry, big numbers are par for the course. Our analyst Eric Balchunas is used to big numbers. Eric this is no exception. This is the end of the year, the last show, so normally go over weekly. You today numbers are big. 324 billion. That is the second biggest year of etf flows ever. 7 organic growth. Lets look at the top leaderboard of the year. Bti broad market. 31 , that is the best return for the s p since 1997, even though it did not feel like that. Usmv was a shocker. Interesting for smart data. By one basisee point, enough to win this internal the battle. That is the hangover from 2018 and rates falling. Take a look at the Asset Classes. January to october, equities not that big. 40 of their flows in the past two months. Fixed income, look at that drop off. Gold as well. Look at their growth this year. A little below average but 18 look at their growth this year. Fixed, way above last year. Lets look at the leaderboard in terms of the issuers who won and lost. For the
Lifetime we debate it power lunch starts right now we have to rename the show bitcoin lunch. Im Brian Sullivan stocks are steady this hour. The nasdaq higher fueled by a rebound in some big tech names like ebay and electronic arts. After a few days of weakness, technology, the Top Performing sector today Semiconductor Stocks like micron doing pretty well. Some other companies you need to keep an eye on, whole brothers having one of its worst days in a long time. Its a case of good not being good enough. Investors wanted more. Coffee is hot. Dunkin brands hitting intraday alltime highs, up almost 220 from its ipo in july of 2011 and 21st century fox up, disney down the two are getting closer the a potential 60 billion deal that could come as early as next week thank you very much welcome, everybody we begin as we have so often in this eventful year in d. C. President trump meeting right now with the Republican Leaders of the senate. He spoke to the media just moments ago. Lets get to ea
Down for the first day in five after rising to the highest level since august of 2015 yesterday. I love this chart, showing you euros june midcap eurozone midcap. Twice the returns than larger caps in 2017. They can repeated in 2018 according to bnp paribas. Midsized firms stand to benefit more because they are not as sensitive to sharp moves in the euro. Bnp paribas says the air performance by some outperformance has tracked the currency more closely in recent months. A fascinating chart. As is this, sticking to the euro theme, highyield Corporate Bonds in europe are lagging behind a credit rally as crisis have reminded investors of the potential for companies to produce slightly of welcome surprises. In other credit markets, including u. S. Highyield and european junk bonds, rebounding from the november and december selloffs. Highyield euro debt is being squeezed by pickup in issuance and fund outflows. Euro Investment Grade has been affected by slow sales and european sit european b
Manus welcome to i am manus cranny. Welcome to the pulse. I am manus cranny. The story of day from the asia. The president of toshiba along with two other executives, their resignation and their formal News Conference and this was a 1. 2 billion scandal restating their earnings over the past six years, unrealistic led to what is a systemic flawed accounting process, challenging the culture within japan. Probably one of the single most important issues that will be addressed here which is so much power for people as of the top and no way for anybody to really challenge the toshiba accounting methods. Everything from Nuclear Reactors and ships. A is now falling on hisao tanaka the president. If we have any headlines, we will bring them to you. Our top story and that is commodities. Bloomberg commodities index dropped to a 13 year low yesterday. Right . Ryan you have to go back to 2002 to see Commodity Prices where they are now. A fiveyear low. 2012 when we had the darkest days of the eur
Interest rates do remain unchanged. The vote on that. The gilt purchase is 80. The bank of england keeps key Interest Rate unchanged. The vote was 71. The vote on Interest Rate, 71. Thathan the idea is growth hasnt turned lower in the way that they anticipated and inflation continues to grind higher. It is starting to become more open to the argument that she has put forth . Guy i think you can deduce that from the line talking about tighter policies. The markets, because it has an assessment that the bank will look through this inflation because it is transitory and linked to the currency, maybe it doesnt hold water . Maybe if they are concerned about the secondround effects . That it will have an impact on the wage story . And it could have an impact elsewhere because of that. So the implication seems to be that yes, the argument does seem to hold some water at the moment. The bank has not decided to step onto the other side of the debate. It is interesting at this point but clearly,