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Outside of money-market funds and floating-rate bank loanfunds, which I've covered in an earlier column (see), a useful and less skittish way to hedge inflation is throughTreasury inflation-protected securities (TIPS) funds.
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Exports at Bentley totalled £1bn in 2012, and four-out-of-five cars that it makes in the UK are sold overseas. The company said the new model would be the most luxurious and powerful SUV in the market, and that it had received a positive response from customers over the last 16 months.
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"UBS kept $23.6 million that under the terms of the deal should have gone to the CDO [Collateralized Debt Obligation]Â for the benefit of its investors," said Co-Director of the SEC's Division of Enforcement George Canellos in a statement. "In doing so, UBS misrepresented the nature of the CDO's collateral and rendered false the disclosures about how that collateral was acquired."
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But the benefits have been distributed unevenly, with many exporters posting a sharp rise in profits in the latest quarter while the outlook for many firms focused on the domestic economy has been clouded by the planned tax hike.
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The Dow Jones industrial average was down 93.99points, or 0.62 percent, at 14,978.59. The Standard & Poor's 500Index was down 8.54 points, or 0.51 percent, at1,681.96. The Nasdaq Composite Index was down 19.15points, or 0.50 percent, at 3,788.61.