Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO Names Man Group’s Chief Emmanuel Roman as Its New CEO
By John GittelsohnRoman to replace Douglas Hodge, who succeeded Mohamed El-Erian in 2014, as asset manager moves to diversify beyond fixed income focus.
July 19, 2016
Millennials Will Vote to Shake Up Wall Street. Right?Guess again. Young people care most about the economy and terror, just like their parents, a Harvard survey finds.
July 19, 2016
Another Bad Month for Active Funds: MorningstarWith active U.S. equity suffering its largest monthly outflow since October 2008, some fund families feel the pain.
July 19, 2016
Goldman Sachs Profit Jumps 74% on Bond Trading: Q2 EarningsFixed-income revenue rises 33%, equities revenue drops 11%; firms compensation costs decline 13% to $3.3 billion.
July 19, 2016
Gallup: U.S. economic confidence stuck at lower levelCurrent economic confidence in the U.S. contrasts with stronger confidence levels seen for most of the first half of 2016.
July 19, 2016
Sell Oppenheimer Muni Funds on Puerto Rico Risk, Ameriprise SaysOppenheimer funds held $3.5 billion worth of Puerto Rico securities as of March 31, the most of an mutual fund group, according to Morningstar.
July 18, 2016
Top Portfolio Products: Management Changes at Vanguard, Touchstone FundsCheck out this week's fund management changes and ETF launches, including new sustainable investing funds.
July 18, 2016
Stock Market Rally Won’t Last, Goldman WarnsGoldman strategists caution investors that the risk-on mantra that has prevailed since immediately after the Brexit vote can reverse quickly.