April 9 roundup
On new European junk bonds, the Nanny Effect and Canada’s new glow-in-the-dark quarter.
•The world’s biggest money manager, BlackRock, opened the first ETFs that will invest in junk bonds from Europe to Asia. Global speculative-grade debt products are outperforming dollar-denominated securities and investors are responding at record pace.
•Vancouver ranks among the most expensive cities in the world. What makes some places more expensive to live than others? The Atlantic explains using a theory dubbed the “Nanny Effect”.
•The Royal Canadian Mint will release its first ever glow-in-the-dark quarter next week. The quarter features the image of a dinosaur whose remains were discovered in Alberta’s Peace Country. Talk about a kid coin collector’s dream come true!