US

Laurent Kssis at LaBranche Structured Products Europe (LSPE) discusses European ETF trades for the week ending 19 December

Motilal Oswal is set to list its MOSt Shares M50 ETF in Asia and the US in domestic currencies, in conjunction with local partners.

Aegon global chief executive Alex Wynaendts has unveiled plans for the life company to restructure and secure a stronger share of the Asian and US life and protection markets.

The Irish Republic is poised to unveil the details of a severe austerity budget later, part of a deal to secure an €85bn bail-out from the European Union and International Monetary Fund.

The US economy grew at 2.5% in the third quarter, a faster rate than previously estimated.

Investment guru Jim Rogers has criticised Federal Reserve chairman Ben Bernanke's decision to pump a further $600bn into the US economy, saying he "does not understand economics".

The range of new ETFs coming to market is changing the complexity of the industry by tracking less well-known benchmarks, according to Morgan Stanley Smith Barney Research.

US-based active ETF provider AdvisorShares is set to launch the Peritus High Yield fund on NYSE Arca at the beginning of December.

In the latest Interactive Financial Adviser debate, our panelists from Legg Mason, Threadneedle and Standard & Poor's discussed US Large Cap companies.

Bank shares in the US dived overnight after a group of investors united to try force Bank of America to repurchase soured mortgages packaged into $47bn of bonds.