By SIMON CONSTABLE
By SIMON CONSTABLE
The exchange-traded-fund market is getting a lot more active.
After decades of being dominated by index-tracking investments, the ETF market is being flooded by actively managed funds. In 2013, a mere 16% of newly launched ETFs were actively managed, according to Morningstar. That jumped to 66% in the first quarter of this year, following three straight calendar years of more than 50% of new ETFs being active. Read more here.
By SIMON CONSTABLE
Just when we thought Britain’s economic policy couldn’t get more bizarre, up pops an announcement from Rishi Sunak, the United Kingdom’s Prime Minister.
Earlier in May, news broke that Sunak would pressure supermarkets to offer basic food staples such as milk, bread and butter at the lowest possible prices, according to multiple reports.
The phrase used by Britain’s media is “price caps” and everyone in the UK should be concerned as it represents a return to failed 1970s economic policies. Read more here.
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By SIMON CONSTABLE
Who benefits most from cuts in corporate tax rates? Some say it is job seekers, while others see it as a giveaway to the rich.
According to a new paper distributed by the National Bureau of Economic Research, they are both correct and wrong at the same time. The truth is what happens depends directly of the type of business. Read more here.
By SIMON CONSTABLE
Earlier this month, when King Charles got crowned by the Arch-Bishop of Canterbury, protestors took to the street demanding that the Monarchy should be abolished.
The logic of their position is clear. National leadership by a hereditary elite makes no sense in a meritocracy. In theory, I’d tend to agree.
However, what we know from European history shows that ditching your King or Queen tends to lead to tyranny and financial disaster. It's for that reason keeping Charles as Britain’s head of state makes a lot of sense. Read more here.
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