When investors consider fees, they often choose to avoid funds of funds. However, a recent analysis from Opto Investments, a fintech company for RIAs, says that funds of funds might actually be worth considering. The analysis published earlier this month argued that the historical performance of funds of funds often...
The Securities and Exchange Commission further delayed its review of applications from BlackRock Inc., Invesco Ltd. and others seeking to list the first Bitcoin exchange-traded fund in the U.S. The regulator, whose three-part mandate includes investor protection, also postponed decisions on applications from Bitwise and Valkyrie, according to documents posted...
It’s a story that has become too common: An investor, often retired, transfers a big chunk of their 401(k) or IRA to buy gold and in doing so ends up losing a lot of money. A new lawsuit from California and the Commodity Futures Trading Commission comes with a grim...
A Los Angeles-based broker who was a big seller of GWG Holdings bonds is facing a staggering $7.85 million in investor lawsuits as GWG winds its way through bankruptcy proceedings and no one knows what the bonds are worth. The broker, Tony Barouti, is registered with Emerson Equity, the...
The IPO window is open, or at least it’s noticeably ajar. So what does that mean for financial advisors whose clients are interested in venture capital and seek to invest in a company before its shares hit the big board? Despite the recent sell-off in stocks, a number of high-profile...
U.S. investment-grade bonds have swung to a loss for the year as the Federal Reserve’s determination to raise interest rates to counter inflation spreads pain across debt markets. The Bloomberg US Corporate Bond Index dropped 0.4% Wednesday, sending it into the red for the year after being up as much as 5%...
The two-month sell-off in U.S. stocks threatens to intensify as options dealers on Wall Street and fast-money traders both turn against the market. Such is the warning from Goldman Sachs Group Inc.’s Scott Rubner, who has studied the flow of funds for two decades. With indexes such as the S&P 500 breaking...
Schwab Asset Management is making an aggressive attempt to offer some of the cheapest bond exchange-traded funds on the market. The asset manager announced Monday that it will cut fees on the $50 million Schwab High Yield Bond ETF (SCYB) and the $11.6 billion Schwab U.S. TIPS ETF (SCHP) to...
Anxious Americans feel the need to choose — financially speaking, that is. According to a new survey by diversified financial services provider Thrivent, concerns about the economy and rising levels of personal debt have an increasing number of Americans feeling pressured to prioritize their financial needs. Most notably, Thrivent’s 2023...
Vanguard Group Inc. is planning its first active exchange-traded funds in two years, with both new planned products focused on the fixed-income market. The asset management giant aims to launch the Vanguard Core Bond ETF, which would trade under the ticker VCRB, and the Vanguard Core-Plus Bond ETF (VPLS) by...