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The stock market in France has been on a tear! Below, I present a chart of the French CAC 40 Index, the main stock market index in France. Looking at the chart, we see the French stock market is trading at a five-year high. With such a strong stock market, one would expect France, the second-largest economy in the eurozone, to be doing well. But it’s the exact opposite! As its stock market rallies, France’s economic slowdown is gaining steam. In January, the unemployment rate in France was unchanged; it has remained close to 11% for a year now. (Source: Eurostat, February 28, 2014.) Consumer spending in the French economy declined 2.
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Fund & ETF
Since the inception of the Investment Company Act of 1940, investors have grown to expect every mutual fund, closed-end fund (“CEF”), and exchange traded fund (“ETF”) to be treated as a “pass-through vehicle” for tax purposes. The entity itself would not pay any taxes, and all tax liabilities would be passed-through to the shareholders. That was the status quo for decades, until master limited partnership (“MLP”) funds came along.
Investors have had to endure much more volatility in the past few weeks. We may know why — the Federal Reserve put an expiration date on its $3 trillion-plus bond-buying program. But some investors don’t know how to proceed. The Fed’s easy-money policy — mainly known as quantitative easing, or QE — probably will end next year.
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RSS Feed Stock News
[at noodls] - NEWARK, N.J.--(BUSINESS WIRE)--Mar. 7, 2014-- Prudential Financial, Inc. (NYSE:PRU) has rescheduled its symposium for fixed income analysts and investors in New York City, to Monday, June 9, 2014, from ... Read more on this. Prudential Financial, Inc. (PRU), valued at $41.07B, started the session at $87.95. Looking at today's trading action, the company's one day range from $87.94 to $89.77 with the price of the stock fluctuating between $54.58 to $92.68 over the last 52 weeks. PRU shares are currently priced at 9.38x this year's forecasted earnings, which makes them relatively inexpensive compared to the industry's 17.62x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $2.12 per share annually in dividends, yielding 2.50%.
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The Energy Report: Derek, thank you for joining us. Why is the Athabasca Basin generally described as the most prolific uranium source in the world?Derek Hamill: There are a few factors that make the Athabasca Basin region of Saskatchewan and Alberta the best place to look for, and mine, uranium. Grade is the number-one factor.
Fresh Off the Press:
UBS (UBS) rolled out the ETRACS Diversified High Income ETN (DVHI) on Thursday (9/19/13). The new exchange traded note (“ETN”) is targeted at investors desiring significant monthly income from a diversified multi-asset mix. It will track the new NYSE Diversified High Income Index minus the 0.84% annual tracking fee. The underlying index has a current yield of 7.7%, and the ETN will make monthly cash distributions.
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