The firm an application with the SEC for exemptive relief for a series of actively managed, target-date exchange traded funds.
Standard & Poor’s/Case-Shiller national home-price index fell 8.9% in the fourth quarter from the year-ago period.
Ted Mathas has been named the firm’s chief executive officer-elect and will succeed Sy Sternberg.
Orders for durable goods fell 5.3% in January, a decrease of $12 billion, according to a report released by the U.S. Department of Commerce.
The rule would cover passive and actively managed ETFs — at least those that promise to divulge their holdings.
Only 36% of respondents in a survey knew that Medicare eligibility begins at age 65.
Citi Global Wealth Management will acquire the managed account trading and technology platform of Legg Mason Private Portfolio Group.
Flagging consumer confidence comes as inflation spiked, with prices rising 1% in the past month.
They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
There is value to annuitization through a single premium immediate annuity, said insurance industry experts.
