Friday, 30 October 2009

Lord Turner questions on financial system,dwp_uuid=bad9aef2-ec5d-11dd-a534-0000779fd2ac.html

A good article by Martin Wolf

Mistaken ideas bring economy down

A view of Martin Wolf

Thursday, 29 October 2009

Wednesday, 28 October 2009

Ngành kinh doanh báo giấy gặp khó khăn

Tuesday, 27 October 2009

Ranking thịnh vượng

Anh rank 12 trên prosperity ranking. Phần Lan xếp đầu (nhưng nghe đây tỷ lệ tự tử cao?!).

Monday, 26 October 2009

Giá cả tháng 10: xăng tiếp tục tăng, thép tiếp tục giảm

Tập đoàn đa ngành đang trở lại ?!

Very complicated thing will come!

Saturday, 24 October 2009

Why ETF deserves a prize


Our special issue on ETFs is a primer for newcomers and state-of-the-industry report for pros.

EXCHANGE-TRADED FUNDS probably rank as the most successful financial product of the past two decades. They have cut costs, minimized risks and allowed investors to know at any point in time exactly what they own. Many of our readers, be they financial advisors or individuals, use ETFs already. But many do not. That's why we decided to ask the staff of Barron's to prepare this special issue, which serves as a primer for newcomers but also a state-of-the-industry report for experienced hands.

ETFs are not for everyone. Many investors will always want to beat the market by picking their own stocks and bonds. Others want to accomplish the same thing by picking expert portfolio managers to do the job. Still, whether you choose to use ETFs or not, it's important to know how they work and how other investors are using them.

When ETFs were introduced in the early 1990s, they seemed a gimmick. Much was made of the fact that, unlike mutual funds, ETFs allowed investors to buy and sell at current market prices during the day. That was important to some professionals. But most individuals don't have much need to jump in and out of the market hourly.

As it turned out, the attributes that contributed the most to the explosive growth of ETFs among individuals were not ease of trading but tax efficiency and low cost. While mutual-fund managers must sell stocks when clients redeem shares, ETFs do not, thus limiting owners' tax bills. As for the cost savings, they come about largely because ETFs don't have fund managers.

A substantial part of the investing public has voted with its feet. ETFs now hold about $700 billion in assets, which amounts to nearly 15% of the $4.5 trillion held in traditional equity mutual funds. As Mike Santoli points out in his story, "Growing to the Sky," ETF assets are expected to grow by more than 20% a year for the next five years, while mutual funds grow at a much slower pace. A good part of the growth will come from high-net-worth individuals, who, as Lawrence Strauss notes in "Why the Rich Like These Bare-Bones Products," are getting more comfortable with the funds.

Leslie Norton reports in "Do Emerging-Markets Funds Have More Upside?" that ETFs have proven one of the best ways to play emerging markets because they spread risk among many stocks and, again, rein in costs. The same goes for investing in small and medium-sized companies, as explained by Dimitra DeFotis in "Small Stocks, Big Gains." The latest growth area is fixed-income, where an ETF can buy bonds to mimic a certain bond index. See Tom Sullivan's story, "Putting Bonds in Your Portfolio Mix." If you're interested in owning gold through an ETF, see Dow Jones Newswires' reporter Allen Sykora's story, "Insuring Against Economic Calamity."

Sector ETFs can be used to carry out straightforward underweighting and overweighting strategies as well as more complex maneuvers. Depending on how they're used, these sector funds can play either defensive or aggressive roles in an investor's portfolio. See "What You Need to Know About Sector ETFs" by's Bob O'Brien.

Please feel free to send us any questions about ETFs or about ETF investing strategies. We can be reached at or at Barron's, 1211 Avenue of the Americas, New York, N.Y. 10036.

Photos on crises in history

Really nice.

Krugman on Chinese currency

By pursuing a weak-currency policy, China is siphoning some of that inadequate demand away from other nations, which is hurting growth almost everywhere. The biggest victims, by the way, are probably workers in other poor countries. In normal times, I’d be among the first to reject claims that China is stealing other peoples’ jobs, but right now it’s the simple truth.

Friday, 23 October 2009

Indonesia another BRIC in the wall?

Tuesday, 20 October 2009

Doing business 2010 - VN lại tụt hạng

China futures market - WSJ

Scandal insider trading

Mr này học Wharton!

More detailed

DC nhận định về TTCK

Dư địa tăng trưởng tín dụng còn, nhưng Nhà nước đâu dám cho tăng. Hết phin!

Phần tốp dưới của các cty chứng khoán

Nhiều công ty chứng khoán te tua...

Ngân hàng nào đang thắng

Hàiz, Barclays mà winner sao?

Friday, 16 October 2009

Dồng USD

Wednesday, 14 October 2009

NYT views on the VND

A good article on dollar weakness exageration in FT

Dự trữ ngoại hối trung quốc vượt 2,200 tỷ

Special funds

Monday, 12 October 2009

Chưa phát hiện vốn kích cầu đi vào BDS & CK

=> vâng, chắc đã vào túi người ta sau khi take profit rồi.

Tuesday, 6 October 2009

Cãi nhau dự báo bão

FDIC trước nguy cơ vỡ nợ

Fed bị ép tiết lộ tên borrower

Thursday, 1 October 2009

How to innovate like Apple

Kraft & Cadbury M&A case study

Cadbury & Kraft case study

Irene Rosenfeld pursues Cadbury

Cadbury attacks Kraft takeover offer

Hedge funds try to "chạy chính sách"