Wisconsin-based investment management firm Madison Investments has launched its fourth new actively managed ETF, rounding out its initial suite of funds that debuted last month. The firm’s latest exchange-traded fund is the Madison Short Term Strategic Income ETF (MSTI), designed to generate a high level of current income by allocating...
Stocks declined, while Treasury yields climbed after a stronger-than-estimated reading on the US services industry bolstered speculation the Federal Reserve will keep interest rates higher for longer. The S&P 500 closed below 4,500 and the Nasdaq 100 fell almost 1% — with Apple Inc. leading a slide in big tech...
The dollar’s recent strength has confounded naysayers, and according to some hedge funds, the rally isn’t over. K2 Asset Management says the greenback will continue to charge higher as US interest rates remain elevated while AVM Capital expects rising Treasury yields to boost the currency. Alternative asset manager Clocktower Group...
Gold investment has risen over the past year, driven by central bank purchases, with overall implied allocations by non-bank investors at the highest since end-2012, JPMorgan Chase & Co. analysts including Nikolaos Panigirtzoglou said in a note. The implied allocation to gold has been rising since the pandemic and looks...
With economic storm clouds gathering, Canada’s bank regulator is considering stricter capital requirements that some analysts say have the potential to force Royal Bank of Canada, the nation’s biggest lender, to sell equity. The banks, which make up the largest sector weighting on the S&P/TSX Composite Index, have dropped 4.6%...
Australian Retirement Trust, the country’s second largest pension fund, is scouring the world for a new chief executive officer after Bernard Reilly announced he was stepping down. Reilly, who will leave in February, oversaw the largest merger to date in Australia’s fast-growing pensions industry when Sunsuper and QSuper combined last...
The slide in the yen isn’t over, despite expectations the dollar may not be quite so strong in coming months, said the top forecaster for the currency. The yen will probably weaken to 152 against the dollar this year, and 155 in 2024, Tohru Sasaki, JPMorgan Chase & Co.’s head...
Luke Chan | E+ | Getty ImagesAlmost half — 46% — of 401(k) investors don't know what investments are in their workplace retirement plan, according to a new CNBC Your Money Survey, conducted by SurveyMonkey.But that's not necessarily bad news, financial advisors said.That's because most employers that offer a...
John M Lund Photography Inc | Digitalvision | Getty ImagesMost Americans will have to rely on their savings to fund their retirement, but financial stress makes it hard for many workers to save.A new CNBC Your Money Survey conducted by SurveyMonkey found that 74% of Americans are feeling financially...
There’s more than one way to shine a penny—or in this case, to grow your advisory business. While adding new clients is critical, when you’re building a legacy, it’s not the only important approach. Another way to create a sustainable practice is by developing new talent. Hiring an associate advisor...