As traditional equity and fixed-income markets become increasingly volatile, financial professionals need to find ways to differentiate themselves from their peers to continue to attract, consolidate and retain client assets. The reality is the classic 60/40 portfolio split isn’t going to win a financial practice new business or help...
Bonds are looking attractive right now and are set to be a shining light in 2024, according to a new outlook from portfolio managers at Pimco. Erin Browne, Emmanuel Sharef, and Geraldine Sundstrom have shared their Asset Allocation Outlook with InvestmentNews and their belief that bonds have rarely been as...
The team at technology-centric wealth management firm Farther is celebrating strong growth despite challenging conditions. Assets under management increased 2.4x between April and September 2023 to a total of $1.6 billion. It says that the rapid growth makes it one of the fastest venture-backed w Learn more about reprints and licensing...
US House lawmakers overcame partisan animosity Tuesday to pass a temporary government funding bill that greatly lowers the risk of a shutdown even as it delays fights over Ukraine aid, border policies and deep cuts to federal programs. Democrats bailed out newly elected Speaker Mike Johnson, a Republican whose plan...
Global bonds have been such a kicking post in recent months that it may come as something of a surprise they are just a fraction away from erasing this year’s loss. The Bloomberg Global Aggregate Bond Index jumped 1.3% Tuesday, the biggest one-day gain since March, following weaker-than-expected US inflation...
The US will lead a push at the COP28 climate summit to triple the amount of installed nuclear power capacity globally by 2050, marking a major turnaround for the controversial technology at the climate negotiations. The declaration will call on the World Bank and other international financial institutions to include...
The US and China, the world’s biggest polluters, vowed to step up joint action to tackle climate change in a revival of collaboration that’s likely to offer crucial momentum for UN talks in Dubai opening later this month. Both nations will back global efforts to triple renewable energy capaci Learn more...
The buy-everything wave that just swept across global markets has bypassed Bitcoin, which is down about 3% since a soft US inflation print rolled across trading screens and stirred a bout of wider risk taking. The drop since the US data were published on Tuesday morning compares with a 2%...
The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, from its $68 billion international fund, amid rising tensions between the world’s two largest economies. The $771 billion Federal Retirement Thrift Investment Board said it will sw Learn more about reprints and licensing for...