Effective May 1, John Hancock added three new strategies to its five Lifestyle asset allocation fund of funds, which already has an aggregate of $50 billion under management. The three new strategies are: Emerging Markets Value, subadvised by Dimensional Fund Advisors, Inc., which Hancock said would be managed in a style similar to the DFA Emerging Markets Value Fund; Mid Cap Intersection, a mid-cap blend strategy subadvised by Wellington Management Company; and Small Cap Intrinsic Value, a small-cap blend strategy subadvised by MFC Global Investment Management (U.S.).
The U.S. economy will be quite vulnerable when the next recession hits, Gundlach says.
The recent IRS change of course on this issue may add complications into the mix for retired clients who are already in pay status.
The winner may determine the near-term direction for a U.S. stock market that’s wavering under the strain of an escalating trade war.
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