Economy & Markets
The important economic and stock market news that advisors need to know.
Think Longevity, Not Just Performance, When Buying Actively Managed Funds
By Bernice NapachThe SPIVA Scorecard from S&P Dow Jones Indices found that fewer than half of actively managed equity funds survived over 15 years.
April 11, 2017
Gold, Yen Climb to 5-Month Highs as Investors Seek SafetyIn addition, yields of U.S. Treasuries, another safe haven asset, approached their lowest levels of the year, as prices rose.
April 10, 2017
Wells Fargo Claws Back $28M More From Ex-CEOFormer-retail bank head Tolstedt forfeits $47 million in options; directors issue 113-page report on bogus customer accounts.
April 10, 2017
Trust Company of America Launches ETF Trading Platform: Portfolio ProductsIn other product news, JPMorgan Municipal Income Fund receives Socially Conscious designation from Morningstar.
April 07, 2017
10 Dumbest States for Financial Literacy: 2017Many financial education programs and consumer habits are still falling short after the recession.
April 07, 2017
Wells Fargo Investors Urged to Jettison Most Board MembersISS recommends the ouster of 12 directors after scandal; bank board derides report as extreme and unprecedented.
April 07, 2017
Fed's Powell Takes Wall Street Oversight Reins From Departing TarulloFederal Reserve awaits Trump appointments to three openings as new assignments put Powell atop boards supervisory panel.
April 07, 2017
What Clients Want, and What Advisors Think They WantA new survey reveals several disconnects between the two.