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Tuesday, April 1, 2014

Reuters Money: Investors cast fresh eye on battered emerging stocks

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04/1/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Investors cast fresh eye on battered emerging stocks

LONDON (Reuters) - Investors are starting to look afresh at emerging equities after years in which the sector has been a consensus "sell".

Bank lending surge very good or really bad: James Saft

(Reuters) - A remarkable rise in U.S. bank lending may hold the key to the outlook for the U.S. economy, but it could be either very good or very bad news.

U.S. judge says SEC lawsuit against Bank of America should proceed

(Reuters) - A federal judge on Monday recommended letting the U.S. Securities and Exchange Commission pursue a lawsuit against Bank of America Corp over $855 million of mortgage securities that soured during the global financial crisis.

Wall Street watchdog alleges annuity scheme by two ex-MetLife brokers

(Reuters) - Two former brokers for MetLife Securities Inc, a unit of MetLife Inc, allegedly engaged in a seven-year scheme to inflate commissions by having customers switch $21 million in annuities, Wall Street's industry-funded watchdog has alleged in a civil complaint.

ING removes Pimco as subadvisor of bond funds totaling $3.7 billion: SEC

(Reuters) - Pacific Investment Management Co. has been removed as subadvisor of two bond funds totaling $3.7 billion offered by ING U.S. Investment Management, though the decision by ING was made late last year before a management shakeup at Pimco, according to a regulatory filing with the SEC.

Canadian wealth managers jockey to recruit advisers

TORONTO (Reuters) - An aging workforce and looming regulatory change are driving stiff competition between Canada's top wealth managers to recruit new advisers, a costly and arduous process that makes finding the right fit crucial for both sides.

Avoid losses on your bond funds by going unconventional

(The author is a Reuters columnist and the opinions expressed are his own. For more from John Wasik see http://link.reuters.com/syk97s)

Wells Fargo Advisors unit hires adviser from Merrill Lynch

(Reuters) - Wells Fargo Advisors' independent brokerage arm has hired a financial adviser from Merrill Lynch.

U.S. funds raise cash stakes as stock market wobbles

NEW YORK (Reuters) - U.S.-based fund managers cut their average stock holdings to a five-month low in March and held their highest average position in cash since December, as Russia's move into Crimea spooked global markets, a Reuters poll showed.

European funds cut risks, boost cash to 1-1/2 year high

LONDON (Reuters) - European fund managers lifted cash levels to a 1-1/2 year high in March and cut equity holdings as they shunned riskier assets in response to rising geopolitical tensions and rich valuations, a Reuters survey showed on Monday.