Deutsche Asset Management Launches High Yield Bond ETF: Top Portfolio Products
In other product news, an ETF focused exclusively on wearable devices debuts.
Trump’s Election Muddles Housing Outlook: Fannie Mae
Sentiment on both buying and selling decreased, but Fannie Mae cautioned against drawing hard short-term conclusions.
Moody’s Turns Negative on Outlook for Global Asset Managers
Business conditions for asset managers are at an "all-time low," says Moody’s Managing Director Marc Pinto.
FINRA Says UBS Must Pay $18.6M to Puerto Rican Couple Over Closed-End Funds
There are more than 1,000 pending claims regarding Puerto Rico closed-end mutual funds sold by UBS, the claimants’ attorney says.
Betterment CEO to Trump: DOL Fiduciary Rule ‘Worth Your Time’
The independent robo-advisory took out full-page ads in the NYT and WSJ asking the president-elect and readers to get behind the rule.
What the Future of Social Security Looks Like: Bill Reichenstein
Reichenstein, a CFA and university professor, explains how to extend the trust fund's solvency and reveals some strategies retirees overlook.
Gross Warns That Trump Rally Built on False Promise of Growth
The Janus bond fund manager recommends that investors move to cash and bonds whose durations are below investors' benchmarks.
BofA Says We Might Be Seeing a Sign of the Bull Market's End
Time could be running out for U.S. equities.
Oil Tumbles as Saudi-Iranian Discord Puts OPEC Agreement at Risk
Saudi Arabia insists all OPEC members agree to production cuts for pact to take effect; Iran's oil minister says his nation won't cut output.
The Blue State Plan to Fix Retirement
California, Oregon, Illinois, Maryland and Connecticut want more workers to have the chance to save for retirement at work.