The popular market strategist and forecaster is making an exit, a spokesperson confirmed on Tuesday. Doll, 66, who has worked in investment management for 42 years, is expected to officially depart at the end of March.
The manager of the Infinity Q liquid alt fund was fired after being accused of fudging asset values. The fund could not value its assets for purposes of calculating its net asset value.
The funds are the first ETFs to track the environmental, social and governance versions of the indexes. The DWS suite of ESG ETFs come with a tracking error of about one percentage point.
The 84-year-old fund complex enters the ETF market with four funds, including two ESG strategies, and joins a host of fund companies seeking opportunities in the semitransparent space.
The fund rebalances gold and cash based on recent market volatility. It marks the first product from Wilshire Phoenix after the firm spent much of the past two years trying to get a bitcoin ETF approved by the SEC.
Stocks are up almost 12% since Election Day, and some advisers are already looking for a pullback. Biden's post-election rally stands out as the strongest since World War II.
There are now five companies offering downside protection through buffered ETFs, and two more firms with products in the filing stages
Gains reflect hopes that vaccines and a peaceful presidential transition could give the economy a boost
The strong equity performance so far this month means large investors like balanced mutual funds may need to shift money into bonds before year-end
Divided government is what the financial markets want most
Stocks that have been hit hard by lockdowns, like movie theaters and cruise companies, jumped, while stay-at-home companies plunged
Continued Republican control of the Senate means less likelihood of huge stimulus, but also less chance of tax hikes or more regulation
Investors are looking ahead to a future without massive debt-fueled stimulus spending or a rollback of Trump's tax cuts
A contested election and a Biden presidency with a Republican Senate are both outcomes seen as negative for stocks
The bank's strategists raised their recommendation on the banking and insurance sector to overweight
Both small-cap shares and value strategies have taken a beating this year as the coronavirus sparked an economic crisis
The S&P 500, the Dow and Nasdaq all off more than 3%
The company's CIO didn't rule out the possibility, but said it looks increasingly unlikely, while speaking at the Schwab Impact conference on Wednesday
Under the rule change, only managers with at least $3.5 billion in equities would have had to publicly report their holdings, up from the current $100 million threshold
Stocks pared their losses during the afternoon as the biggest tech companies recovered
