<b>The Takeaway:</b> Beware the guy who’s always beating the market

PORTFOLIO

Merrill notes that as retail investors flee stocks, institutions and hedge funds are gladly taking their place. (Business Insider)

These funds are about to drop big distributions on shareholders. (Morningstar)

THE BIZ

BAML aligns financial advisers’ with bank loan product growth. Cool. (Bloomberg) and (WealthManagement)

Not so fast on those commission-free ETFs… (Investment News)

Millionaires remain way more interested in real estate than stocks. (Millionaire Corner)

Young investors have no interest in mutual funds. (Financial Planning)

OUTLIERS

Carl Richards: About that guy who is always beating the market… (Bucks Blog)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.