Economy & Markets
The important economic and stock market news that advisors need to know.
Fidelity Trims Index Fund Fees, Challenging Vanguard
By Janet LevauxThe firm cuts total expenses by nearly 10 basis points in move to capture more passive-investor assets.
July 31, 2017
Americans’ Personal Financial Satisfaction Hits 10-Year High: AICPAAmericans are experiencing their highest levels of personal financial satisfaction in more than 10 years, according to the American Institute of CPAs.
July 31, 2017
ProShares Adds Equity ETF Designed for Rising Rates: Portfolio ProductsIn other product news, Aria RetireOne announced it will start providing a fee-based variable annuity.
July 28, 2017
2 Very Different Approaches to Sustainable InvestingOne excludes ESG ratings; the other creates its own ratings using artificial intelligence and big data.
July 28, 2017
Trump Replaces Priebus as Chief of Staff With DHS Chief KellyPriebus ouster follows clash with new top aide Scaramucci; news shared by the president on Twitter.
July 28, 2017
Retail Investors Were Raring to Go in First Half: SchwabThe U.S. stock market outlook is much more bullish than a year ago, according to a Schwab survey of retail clients.
July 28, 2017
Bond Hunger Seen as ‘Insatiable’ in US, Sustaining RallyA MassMutual executive says this is still an issuers market.
July 28, 2017
Treasury to Wind Down Obama MyRA ProgramDemand for and investment in the myRA program has been extremely low, Treasury said.