Portfolio

9% of Finance Execs Planning to Hire Soon

Canadian investors are missing out of up to $500 million a year in yields by sticking with money market funds rather than higher-yielding, insured premium savings accounts.

Direxion has launched six new long and short exchange-traded funds tracking BRIC, India and the semiconductor industry, bringing the total number of leveraged ETFs it offers to 34.

Direxion has launched six new long and short exchange-traded funds tracking BRIC, India and the semiconductor industry, bringing the total number of leveraged ETFs it offers to 34.

This recovery is for real, according to TrimTabs. As cause for the optimism, the research firm points to a 3% increase in wages and salaries from a year ago and a 9% spike in online job postings. Year-to-date, job postings have surged a surprising 18%.

Canadian investors are missing out of up to $500 million a year in yields by sticking with money market funds rather than higher-yielding, insured premium savings accounts, according to a 21-page report from Fair Canada (Foundation for Advancement of Investor Rights).

JPMorgan Chase & Co. announced in a pair of filings with the Securities and Exchange Commission that it plans to introduce a pair of exchange-traded funds.

The company plans to launch its first actively-managed ETF later this year that would invest in about 300 domestic large-cap stocks.

Advent Software has acquired Norwegian software provider Goya AS. Terms of the deal were not disclosed. Through this acquisition, Advent now offers the product Tradex, which is complementary to Advent’s existing products and is already implemented at a significant number of Advent clients in Europe and the Middle East.

Union Bank’s licensed retail banker staff should double this year, to about 200, and increase to 325 within three years.