Fed Appears to Signal a Delay in September Rate Rise
FOMC minutes for July said they needed more evidence of inflation increasing.
Top 5 Fixed Annuity Benefits to Discuss With Clients
The opportunity to make investments with a guaranteed minimum rate of return is just one of the reasons why fixed annuities are gaining steam.
Citigroup to Pay $180M for Defrauding Hedge Fund Investors
SEC says that two Citigroup units failed to disclose ‘very real risks’ in the funds, which collapsed in 2008, affecting 4,000 investors.
Morningstar to Launch ESG Scores for Mutual Funds & ETFs
For the first time, investors will be able to use ESG factors to compare global funds across categories, relative to benchmarks, and over time.
China’s Confusing Currency Devaluation Means Get ‘Buy Lists’ Ready
The market’s big move on the China story appears to be like most big moves in summertime — exaggerated — because trading is thin, analysts say.
GMO’s Montier: Stocks Are Nowhere Near Fair Value
It would take 60 years for today’s stock market to be considered fair value assuming real interest rates remain at -2%, Montier says.
Buffett Worries Rate Hike Could Damage Economy; Touts Precision Purchase
Warren Buffett warns of bad timing for Fed move because Europe needs to keep rates low.
Top Portfolio Products: Franklin Templeton Introduces Flexible Global Bond Fund
The fund can invest in global debt obligations of any credit quality, maturity or duration, including derivatives.
PIMCO Is Over ‘Gross Effect’ as Break-Even Nears, Owner Says
Investors pulled $2.5 billion from Total Return in July vs. $3 billion in June, the Newport Beach, California-based firm says
PIMCO’s Latest Woes: The Good, the Bad & the Ugly
The SEC is looking at “odd lot” pricing of non-agency MBS, which is no simple matter, says a Morningstar researcher.