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Woman in Central Park video fired by Franklin Templeton
LIFE INSURANCE AND ANNUITIES MAY 26, 2020
Woman in Central Park video fired by Franklin Templeton

Amy Cooper, head of insurance investment for the fund company, called the police on an African American man who asked her to put her dog on a leash

UBS launches venture capital fund to digitize bank
FINTECH MAY 26, 2020
UBS launches venture capital fund to digitize bank

It plans to invest in dozens of startups that are upending traditional banking

Gold ETF benefits from its London vault
MUTUAL FUNDS MAY 23, 2020
Gold ETF benefits from its London vault

Because gold funds are backed by actual bars of the precious metal, they're better able to track the spot price when markets go haywire

Roth conversions pick up amid expectations that taxes will rise
RETIREMENT PLANNING MAY 22, 2020
Roth conversions pick up amid expectations that taxes will rise

The stock market declines helped by shrinking the value of accounts, as well as the tax bill for converting assets

Giant fund companies are upbeat on stocks
EQUITIES MAY 22, 2020
Giant fund companies are upbeat on stocks

Fund managers and strategists at Capital Group, Franklin Templeton and BlackRock say equities remain attractive

Fed bought $1.8 billion of bond ETFs to date
MUTUAL FUNDS MAY 21, 2020
Fed bought $1.8 billion of bond ETFs to date

The Fed data also showed total Fed assets rose to a record $7.04 trillion in the latest week

Only half Morgan Stanley staff will be back by year-end: CEO
PRACTICE MANAGEMENT MAY 21, 2020
Only half Morgan Stanley staff will be back by year-end: CEO

Gorman said the portion of employees back in the office varies significantly depending on the location

Troubles of giant oil ETF raise questions about commodity funds
MUTUAL FUNDS MAY 21, 2020
Troubles of giant oil ETF raise questions about commodity funds

The United States Oil Fund’s extraordinary buying and selling suggests the ETF may have gotten too big for its own good

Vanguard's $50 billion woman outperformed amid bond market chaos
FIXED INCOME MAY 20, 2020
Vanguard's $50 billion woman outperformed amid bond market chaos

Several of the actively traded fixed-income funds Gemma Wright-Casparius runs have beaten most of their peers so far this year

How a 2019 breakaway is navigating the crisis
RIA NEWS MAY 19, 2020
How a 2019 breakaway is navigating the crisis

Houston-based Americana Partners is dealing not only with the pandemic and the slowing economy, but the drop in oil prices