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Morningstar, Inc. Commentaries

Sector Equity CEFs Excelled in August

Sep 12, 2014
Click here to access Sector Equity CEFs Excelled in August

Despite continued turmoil overseas, the U.S. economy chugged along in August. In its July meeting minutes, released in late August, the Federal Reserve commented that inflation and labor market conditions had moved closer to its longer-run objectives and that it anticipated continued progress toward those goals. In that vein, the Fed kept rates unchanged and took another $10 billion out of its monthly asset purchases. But, the minutes also contained language that caused some hubbub among investors.

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Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries.