Investing

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Bond managers see 2023 as stark contrast from carnage last year
EMERGING MARKETS FEB 07, 2023
Bond managers see 2023 as stark contrast from carnage last year

DoubleLine's Jeff Sherman and BlackRock's Steve Laipply see many opportunities in the fixed-income market.

By Jeff Benjamin
Mutual fund companies can no longer ignore ETFs
ETFS FEB 07, 2023
Mutual fund companies can no longer ignore ETFs

Active managers American Funds and T. Rowe Price are finding success as newcomers to the exchange-traded fund space.

By Jeff Benjamin
Pimco's Daniel Ivascyn closes in on his next big trade
MUTUAL FUNDS FEB 06, 2023
Pimco's Daniel Ivascyn closes in on his next big trade

After making a killing by scooping up speculative mortgage debt on the cheap in the wake of the financial crisis, Ivascyn expects the next big opportunity to come in corporate debt.

By Bloomberg
Direct indexing touted as client prospecting tool
RIA NEWS FEB 06, 2023
Direct indexing touted as client prospecting tool

The product can benefit any investor with a taxable account, not just the wealthiest clients, says a panelist at the ETF Exchange conference.

By Jeff Benjamin
All eyes on alts
ALTERNATIVES FEB 06, 2023
All eyes on alts

As fixed income weighs down the classic 60/40 portfolio, allocations to alternatives are expected to rise over the next three years.

By Jeff Benjamin
Advisors stepping up to bond ladders as Fed pushes rates up another quarter point
RIA NEWS FEB 03, 2023
Advisors stepping up to bond ladders as Fed pushes rates up another quarter point

Spreading fixed-income exposure over several years of maturities provides predictable income in an unpredictable economic environment.

By Jeff Benjamin
Bucking the trend: Why some advisors refuse to outsource investment management
RIA NEWS FEB 02, 2023
Bucking the trend: Why some advisors refuse to outsource investment management

As portfolio management becomes increasingly commoditized, advisors make the case for managing assets in-house and promoting that to clients as a unique value-add.

By Jeff Benjamin
Alts manager FS Investments doubling size with merger
ALTERNATIVES FEB 02, 2023
Alts manager FS Investments doubling size with merger

With the deal for Portfolio Advisors, FS Investments also gets its hands on a private equity fund that targets both wealth management and institutional clients.

By Bruce Kelly
HSAs saw net increase despite pandemic spending spike: EBRI
RETIREMENT PLANNING FEB 01, 2023
HSAs saw net increase despite pandemic spending spike: EBRI

The majority of account holders contributed more to their HSA than they took out in 2021. But only 12% invested their HSAs in assets other than cash.

By Gregg Greenberg
Blackstone's BREIT hit monthly redemption limit in January
ALTERNATIVES FEB 01, 2023
Blackstone's BREIT hit monthly redemption limit in January

Blackstone Real Estate Income Trust told investors that it fulfilled repurchase requests for 2% of its net asset value.

By Bloomberg
In 'hell freezes over' moment, American Funds pairs up with passive ETFs
RIA NEWS FEB 01, 2023
In 'hell freezes over' moment, American Funds pairs up with passive ETFs

The 90-year-old active management complex is launching 12 model portfolios that combine its active mutual funds with ETFs from Schwab, Vanguard and BlackRock.

By Jeff Benjamin
Legislation lets funds delay redemptions if transfer involves senior abuse
RETIREMENT PLANNING JAN 31, 2023
Legislation lets funds delay redemptions if transfer involves senior abuse

The bill sails through House, 419-0, on a fast track. Its author, Rep. Ann Wagner, R-Mo., hopes the Senate acts this time around.

By Mark Schoeff Jr.
BNY Mellon plans to launch ETF focusing on innovation space
ETFS JAN 31, 2023
BNY Mellon plans to launch ETF focusing on innovation space

The BNY Mellon Innovators ETF will invest in innovation-driven companies, which are considered to be ‘leading-edge’ firms.

By Bloomberg
AIG interim CFO Lyons fired over confidentiality breach
LIFE INSURANCE AND ANNUITIES JAN 31, 2023
AIG interim CFO Lyons fired over confidentiality breach

Sabra Purtill succeeds Lyons as the insurer's interim CFO, while Turab Hussain was named interim chief actuary.

By Bloomberg
Plan sponsors, participants agree on value of guaranteed income options
RETIREMENT PLANNING JAN 30, 2023
Plan sponsors, participants agree on value of guaranteed income options

A growing number of defined-contribution retirement plan participants are seeking guaranteed lifetime income products, according to a report from Greenwald Research.

By Gregg Greenberg
BNY Mellon, Wall Street firms find the lure of crypto too strong to resist
ALTERNATIVES JAN 30, 2023
BNY Mellon, Wall Street firms find the lure of crypto too strong to resist

Despite all that’s gone wrong in the industry, the world’s largest custodian bank and other financial giants are hoping to expand in crypto.

By Bloomberg
Finra bars ex-UBS broker in Texas who sold phony annuities
ALTERNATIVES JAN 30, 2023
Finra bars ex-UBS broker in Texas who sold phony annuities

According to Robert Earl Turner's BrokerCheck profile, UBS has settled six disputes with his customers for close to $12 million.

By Bruce Kelly
Rally in gold revives debate over allocations to the precious metal
EQUITIES JAN 30, 2023
Rally in gold revives debate over allocations to the precious metal

Up 17% over the past three months, gold is turning heads as a potential hedge.

By Jeff Benjamin
More advisors are jumping on the bitcoin bandwagon
RIA NEWS JAN 27, 2023
More advisors are jumping on the bitcoin bandwagon

With the cryptocurrency's price up 40% so far this year, a new report shows a doggedly bullish outlook among investors and advisors willing to look past extreme volatility.

By Jeff Benjamin
ChatGPT’s ability to make a market-beating ETF is put to the test
FINTECH JAN 27, 2023
ChatGPT’s ability to make a market-beating ETF is put to the test

The AI tool explains that the market is too unpredictable to design such a fund, while warning about the need to pick investments that align with goals and risk tolerance.

By Bloomberg