New Hire Roundup: Benartzi to Serve as Achaean Academic Advisor
This week in new hires, Achaean Financial announced that Professor Shlomo Benartzi would become its first academic advisor, and Michele Wein Layne was named regional director of the SEC’s Los Angeles regional office.
Top Portfolio Products: AdvisorShares, Cousteau Develop ETF; Van Eck Introduces Closed-End Municipal Bond ETF
New products introduced in July include a socially responsible ETF from AdvisorShares and a closed-end municipal bond ETF from Van Eck, as well as a guaranteed income annuity from New York Life and a China currency bond fund from Guinness Atkinson.
A Flight to Quality
A number of investors believe that the best way to capture the continued upside of the emerging markets growth story is to look entirely in the opposite direction and invest in the developed markets.
Don’t Shun Europe, Say Franklin Templeton Portfolio Managers
Europe’s sovereign debt crisis has created opportunities for U.S. investors, a group of Franklin Templeton portfolio managers said.