Meir Statman: What ‘Normal People’ Really Want From Advisors
Professor Statman talks about next-gen behavioral finance, how to manage clients’ well-being and why annuities can “emit the smell of death.”
Seraphim Capital Adds Pioneering Space Tech Fund: Top Portfolio Products
In other product news, FlexShares added an actively managed bond ETF.
Fed Officials Expect to Raise Rates in December
Fed officials see a strengthening case to raise rates as the labor market tightened, according to their November meeting minutes.
Muni Bonds Face Hit From Trump Tax Plan, Unfunded Liabilities
Trump’s plans to reduce tax rates coupled with growing unfunded pension liabilities spell potential problems for the muni market.
Fidelity Says Abigail Johnson to Succeed Father as Chairman
Abigail Johnson will also remain CEO of Fidelity -- a title she's held since 2014.
Janus Launches Firm’s First Actively Managed ETF: Top Portfolio Products
Also, SSGA announces changes to indexes of two SPDR ETFs.
Last Best Chance for Fixing Roads and Refinancing Debt
I suggest that the U.S. issue bonds that mature in 50 or 100 years, and given Washington gridlock, something positive may result.
SEC Approves Rules Helping Advisors Buy, Sell Bonds
The new rules, proposed by FINRA and MSRB, require the disclosure of pricing for trading of individual bonds.
Falling Yields: 35 Years and Counting, Despite Recent Surge
Despite a post-election interest rate rise pushing the 10-year Treasury yield up, this MFS economist keeps a tepid view of future yields.
Moody’s Zandi: Why Trump’s ‘Shocking’ Election Changed My Forecast
Chief economist of Moody’s Analytics gives keys reasons for his revised economic outlook for U.S. and global economies.