The Russell 2000’s correction adds to the market volatility that advisors and their clients are dealing with.
“Tax efficiency is usually the number one thing that people think about,” said Scott Davis, head of ETFs at Capital Group.
Good news for advisors. U.S. household net worth hit a record $184.1 trillion in the fourth quarter, according to Federal Reserve data.
“The next phase belongs to companies that can grow without relying on lower rates,” said Gina Bolvin, president of Bolvin Wealth Management.
Recent economic indicators have fueled speculation that the Fed would continue its conservative approach to interest rates.
“There’s a lot of great stuff going on for the space industry,” said fund manager Andrew Chanin.
“We have seen material flows going into sectors like energy, materials, and infrastructure,” said Anna Paglia, executive vice president and chief business officer at State Street.
13 years after it was founded, the hybrid RIA has rebranded with a new name and logo.
“Gold has been rallying for two solid years, now almost coming up on three years,” said van Eck.
“I think the younger generation follows performance, so if active managers can generate alpha, money will flow there," said Megan Rust, Franklin Templeton's vice president of ETF capital markets.
