Aviva Joins Standard Life in Freezing Property Fund After Brexit
Aviva Investors suspended trading in a $2.4 billion real estate investment fund as investors demanded their money back in the wake of Brexit vote.
Puerto Rico Expected to Default on Debt Even After Restructuring Bill Is Signed
Even after Obama signs the long-awaited bill that lets Puerto Rico restructure its debt, the ultimate outcome for holders of the island’s debt remains uncertain.
Puerto Rico Says It Will Default Even With Congressional Aid
As the Senate prepared to vote on a debt restructuring bill for Puerto Rico, its governor said the island would default on more than $1 billion in GO debt Friday.
Cerulli: ‘Investors Are Questioning Active’s Value’
Fee pressures and regulatory changes are challenging active asset managers, according to Cerulli.
Fidelity Fires Latest Shot in Index Fund Fee War
Fidelity's cut to expense ratios on 27 index funds comes several months after Vanguard announced a round of expense cuts.
After Brexit Vote, Is ‘Stay the Course’ Really the Best Advice?
Financial markets have rebounded from big losses following Friday's Brexit vote, but here are some ways advisors can reposition clients for uncertainty ahead.
John Buckingham’s Post-Brexit Vote Stock Picks
The astute stockpicker talks about where he sees opportunities after the Brexit vote, why he loves Apple and why ETFs are increasing market volatility.
Why Betterment Delayed Trading After Brexit Vote
"During extraordinary events, we are extraordinarily prudent,” a Betterment spokesman said. But are they being overly cautious?
World Markets Upended by Brexit as Stocks, Pound Drop; Yen Soars
Financial markets did not price in a victory for the Brexit vote, which is why they are cratering today.
Brexit Fallout Could Last for Years
Although a vote on whether the U.K. will leave the EU is too close to call, advisors should consider the implications of an exit.