Morningstar’s annual ETF report finds that as of December 6, 2016, 220 new exchange-traded products (ETP) (inclusive of exchange-traded funds and exchange-traded notes) were launched in the U.S. market in 2016. This places 2016 fourth behind 2007, 2015 and 2011 in terms of total number of new ETP launches in a given calendar year.
Given recent headlines about indices like the Dow Jones Industrial Average and the S&P 500 Index hitting all-time highs, I thought I would share a piece I received this month from Dimensional Fund Advisors (Dimensional).
Green, clean energy has reached new heights in North America. There are more hybrids than ever on the streets, wind turbines out above the cornfields, solar panels on roofs, and even that new convenience store down the street is LEED certified. It’s not a trend; it’s a shift away from fossil fuels—oil, coal, and natural gas.
Each year Pensions & Investments (P&I) does a story on the performance of endowments of American colleges and universities. This year, as of June 30, returns of more than 80 percent of the 31 funds they track ended up in the red.
This year started out the worst on record for U.S. equities. However, since the declines in January and February, markets have recovered quite nicely.
“What goes up must come down. Spinning wheel got to go round.”
This year’s market calls to mind those classic lyrics from the group Blood, Sweat, and Tears — all things that have clearly been shed in 2016!
Peter Lynch ran the Fidelity Magellan Fund for 13 years, during which time Magellan was the number one general equity fund in America. Lynch’s books One Up on Wall Street and Beating the Street offer up the active manager’s accumulated wisdom.
When Warren Buffett, the world’s most famous investor, and his number two man Charlie Munger speak, people listen. And this year, more people than ever could listen in because, for the first time, Berkshire Hathaway’s (Berkshire) annual meeting was livestreamed.
I recently came upon this article where Evan Simonoff reports on Wharton School of Finance Professor Jeremy Siegel’s analysis of equity market valuations.