This post first appeared on Floating Path.
U.S. disposable personal income rose 0.3% in August to a seasonally adjusted annual rate of $13.11 trillion. This increase follows a 0.2% increase in July, and leaves disposable personal income up 4.3% from a year ago.
Value Partners Asia ex-Japan Equity Fund has delivered a 60.7% return since its inception three years ago. In comparison, the MSCI All Counties Asia (ex-Japan) index has returned just 34% over the same period. The fund, which targets what it calls the best-in-class companies in "growth-like" areas of the market, such as information technology and Read More
Personal outlays for the month totaled $12.41 trillion, a 0.5% increase, leaving personal outlays up 3.8% from the year prior.
Personal savings, which is disposable personal income less personal outlays, decreased to $705.3 billion from $730.5 billion.
The personal savings rate decreased to 5.38% from 5.59%.