Economy & Markets
The important economic and stock market news that advisors need to know.
MFS Adds Funds With ‘Clean Shares’
By Bernice NapachThe mutual fund company is among a growing number of firms offering these lower cost shares to advisors in light of the DOL fiduciary rule.
May 30, 2017
Amazon Shares Hit $1,000, Showing Dominance of E-Commerce, CloudThe stock has gained almost 40% in a year, more than double the 15% advance in the S&P 500.
May 30, 2017
Putnam Investments to Launch 3 Alternative Strategies: Portfolio ProductsAlso, Allianz Life introduced two new index variable annuity products.
May 28, 2017
PGIM's Peters Sees Only Downside in Bank Loans, Favors Junk DebtA money manager at Prudential's investment arm says junk bonds look better than bank loans.
May 26, 2017
First-Quarter GDP Growth Revised Upward to 1.2%The new annualized rate reflects revisions in consumer spending, utilities consumption and construction.
May 26, 2017
Fund Expenses Drop 7% in 2016; Vanguard Leads the Pack: MorningstarThe largest fund family had an asset-weighted average expense ratio of 0.11% last year, the research firm says.
May 26, 2017
DOL Looking for Reason to Delay Full Fiduciary Compliance Date: LawyerThe department says it will issue a Request for Information; the findings could give it cover to delay past Jan. 1, lawyer Erin Sweeney says.
May 26, 2017
The Rise and Fall of Modern Portfolio TheoryMPTs ubiquity confirms its legitimacy through social validation rather than empirical evidence.