http://www.ft.com/cms/s/0/b58bd01a-9e3c-11de-b0aa-00144feabdc0,dwp_uuid=bad9aef2-ec5d-11dd-a534-0000779fd2ac.html
A good article by Martin Wolf
Friday, 30 October 2009
Mistaken ideas bring economy down
A view of Martin Wolf
http://www.ft.com/cms/s/0/38164e12-c330-11de-8eca-00144feab49a.html?nclick_check=1
http://www.ft.com/cms/s/0/38164e12-c330-11de-8eca-00144feab49a.html?nclick_check=1
Thursday, 29 October 2009
Inventories build up - US get support
http://www.bloomberg.com/apps/news?pid=20601068&sid=a2mWyL1jT0zQ
Wednesday, 28 October 2009
Ngành kinh doanh báo giấy gặp khó khăn
http://cafef.vn/20091027123612600CA32/so-luong-bao-giay-ban-ra-tai-my-ngay-mot-truot-doc.chn
Tuesday, 27 October 2009
Ranking thịnh vượng
http://www.tuoitre.com.vn/Tianyon/Index.aspx?ArticleID=344614&ChannelID=2
Anh rank 12 trên prosperity ranking. Phần Lan xếp đầu (nhưng nghe đây tỷ lệ tự tử cao?!).
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
http://www.vietnamnet.vn/kinhte/thitruong/200910/Tieu-diem-7-thang-xang-tang-gia-8-lan-875463/
Tập đoàn đa ngành đang trở lại ?!
http://cafef.vn/20091024045659506CA32/sap-toi-thoi-cua-cac-tap-doan-da-nganh.chn
Very complicated thing will come!
Very complicated thing will come!
Saturday, 24 October 2009
Why ETF deserves a prize
By EDWIN A. FINN JR.
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 Barrons.com's Bob O'Brien.
Please feel free to send us any questions about ETFs or about ETF investing strategies. We can be reached at editors@barrons.com or at Barron's, 1211 Avenue of the Americas, New York, N.Y. 10036.
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 Barrons.com's Bob O'Brien.
Please feel free to send us any questions about ETFs or about ETF investing strategies. We can be reached at editors@barrons.com or at Barron's, 1211 Avenue of the Americas, New York, N.Y. 10036.
Photos on crises in history
http://vnexpress.net/GL/Kinh-doanh/Quoc-te/2009/09/3BA13107/
Really nice.
Really nice.
Krugman on Chinese currency
http://www.nytimes.com/2009/10/23/opinion/23krugman.html?_r=1&hp=&adxnnl=1&adxnnlx=1256292790-KLbH5GM0blNh11GOJUrYPg
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.
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?
http://www.koreaherald.co.kr/NEWKHSITE/data/html_dir/2009/10/21/200910210049.asp
Tuesday, 20 October 2009
Doing business 2010 - VN lại tụt hạng
http://www.sgtt.com.vn/detail23.aspx?newsid=56750&fld=HTMG/2009/0910/56750
China futures market - WSJ
http://online.wsj.com/article/SB125529874012778991.html#articleTabs%3Darticle
Scandal insider trading
http://cafef.vn/20091017081523385CA32/pho-wall-chan-dong-vi-be-boi-giao-dich-noi-gian-lon.chn
Mr này học Wharton!
More detailed
http://www.tuoitre.com.vn/Tianyon/Index.aspx?ArticleID=344121&ChannelID=119
Mr này học Wharton!
More detailed
http://www.tuoitre.com.vn/Tianyon/Index.aspx?ArticleID=344121&ChannelID=119
DC nhận định về TTCK
http://cafef.vn/20091020104151974CA31/loi-nhuan-va-tien-te-dang-nang-do-chung-khoan.chn
Dư địa tăng trưởng tín dụng còn, nhưng Nhà nước đâu dám cho tăng. Hết phin!
Dư địa tăng trưởng tín dụng còn, nhưng Nhà nước đâu dám cho tăng. Hết phin!
Phần tốp dưới của các cty chứng khoán
http://cafef.vn/20091020035521280CA31/phan-khuat-cua-buc-tranh-moi-gioi.chn
Nhiều công ty chứng khoán te tua...
Nhiều công ty chứng khoán te tua...
Ngân hàng nào đang thắng
http://www.sgtt.com.vn/Detail37.aspx?ColumnId=37&NewsId=53175&fld=HTMG/2009/0621/53175
Hàiz, Barclays mà winner sao?
Hàiz, Barclays mà winner sao?
Friday, 16 October 2009
Dồng USD
http://www.econbrowser.com/archives/2009/09/the_dollar_in_d.html
http://cafef.vn/20091012043635333CA32/nhieu-ngan-hang-trung-uong-tim-dong-tien-du-tru-moi-thay-the-usd.chn
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4x9dIJsPn4U
http://cafef.vn/20091010100912760CA32/tham-hut-thuong-mai-cua-my-giam-ngoai-du-kien.chn
http://cafef.vn/20091012043635333CA32/nhieu-ngan-hang-trung-uong-tim-dong-tien-du-tru-moi-thay-the-usd.chn
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4x9dIJsPn4U
http://cafef.vn/20091010100912760CA32/tham-hut-thuong-mai-cua-my-giam-ngoai-du-kien.chn
Wednesday, 14 October 2009
NYT views on the VND
http://www.nytimes.com/reuters/2009/10/12/world/international-uk-vietnam-currency.html?_r=1&pagewanted=all
A good article on dollar weakness exageration in FT
http://www.ft.com/cms/s/0/9165b8b0-b82a-11de-8ca9-00144feab49a.html
Dự trữ ngoại hối trung quốc vượt 2,200 tỷ
http://www.bloomberg.com/apps/news?pid=20601068&sid=aly1jjxF.uoA
Special funds
http://www.marketwatch.com/story/europes-special-situations-funds-focus-on-unloved-2009-10-13
Monday, 12 October 2009
Chưa phát hiện vốn kích cầu đi vào BDS & CK
http://www.vneconomy.vn/2009101011141375P0C6/chua-phat-hien-von-kich-cau-vao-chung-khoan-bat-dong-san.htm
=> vâng, chắc đã vào túi người ta sau khi take profit rồi.
=> vâng, chắc đã vào túi người ta sau khi take profit rồi.
Wednesday, 7 October 2009
Something to remember ... Historic gold price, stock recovers and USD lows
http://www.bloomberg.com/apps/news?pid=20601087&sid=a50bihb_SrOU
Tuesday, 6 October 2009
Cãi nhau dự báo bão
http://www.tuoitre.com.vn/Tianyon/Index.aspx?ArticleID=340697&ChannelID=17
http://www.tuoitre.com.vn/Tianyon/Index.aspx?ArticleID=340696&ChannelID=17
http://dantri.com.vn/c20/s20-353996/toi-van-xac-nhan-rang-du-bao-bao-so-9-khong-dung.htm
http://www.tuoitre.com.vn/Tianyon/Index.aspx?ArticleID=340696&ChannelID=17
http://dantri.com.vn/c20/s20-353996/toi-van-xac-nhan-rang-du-bao-bao-so-9-khong-dung.htm
FDIC trước nguy cơ vỡ nợ
http://www.vneconomy.vn/20090930041755610P0C99/my-doi-mat-nguy-co-vo-quy-bao-hiem-tien-gui.htm
Sunday, 4 October 2009
Standard Chartered cướp người của Deutsche ... Aisa expansion?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMd0CRouchp8
Friday, 2 October 2009
Pellegrini - A new hedge fund story
http://www.bloomberg.com/apps/news?pid=20601109&sid=akryRHYHS0Sg
Thursday, 1 October 2009
Kraft & Cadbury M&A case study
Cadbury & Kraft case study
Irene Rosenfeld pursues Cadbury
http://www.bnet.com/2403-13502_23-348097.html?promo=713&tag=nl.e713
Cadbury attacks Kraft takeover offer
http://www.guardian.co.uk/business/2009/sep/13/cadbury-attacks-kraft-offer
Irene Rosenfeld pursues Cadbury
http://www.bnet.com/2403-13502_23-348097.html?promo=713&tag=nl.e713
Cadbury attacks Kraft takeover offer
http://www.guardian.co.uk/business/2009/sep/13/cadbury-attacks-kraft-offer
Hedge funds try to "chạy chính sách"
http://dealbook.blogs.nytimes.com/2009/10/01/funds-try-to-ward-off-new-regulations/
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