Millennial Investors Scarred by Financial Crisis
Millennials are more risk-averse than any other age group, Legg Mason reports.
Illinois Cut Near Junk by S&P, Lowest Ever for a US State
S&P also warned that the state could soon lose its investment grade status if the governor and legislature don't agree on a budget addressing deficits.
Stocks Rally in May — So Why Are Bonds Rising?
As market gains broaden, with emerging and developed equities finally closing the gap, why are bond prices rising?
Should Glass-Steagall Come Back? No, AEI Panelists Say
Even the proposed 21st Century Glass-Steagall Act looks much different from the original law, panelists said.
Asset Managers Remain Under Pressure Despite Pickup in Flows, Assets: Moody's
Fee revenue is still falling, except at the world's largest asset manager.
Gundlach: Robos Could Cause Next Crash; Passive Mania Will Wane
Speaking at FPA NorCal, the bond king sounds off on passive investing, robos, rates and the S&P 500.
MFS Adds Funds With ‘Clean Shares’
The mutual fund company is among a growing number of firms offering these lower cost shares to advisors in light of the DOL fiduciary rule.
Amazon Shares Hit $1,000, Showing Dominance of E-Commerce, Cloud
The stock has gained almost 40% in a year, more than double the 15% advance in the S&P 500.
Putnam Investments to Launch 3 Alternative Strategies: Portfolio Products
Also, Allianz Life introduced two new index variable annuity products.
First-Quarter GDP Growth Revised Upward to 1.2%
The new annualized rate reflects revisions in consumer spending, utilities consumption and construction.