- Stanger Reports Summer Slowdown for REIT Redemption Requests “Each company reported updates to its respective NAV per share as of June 30, 2024, along with updated portfolio information. Stanger analyzed each REIT’s derivation of its NAV and NAV per share, distributions, redemptions and various metrics, along with other reported events.” (The DI Wire)
- Wealth Firms Want Model-Delivered Fixed Income, Despite Complexity “Wealth firms expect to expand the number of model-delivered fixed income separately managed accounts they provide, although many wealth managers are unable to make bond strategies available in this format.” (FundFire)
- The ETFs benefitting from the small cap rally “Core CPI rose 3.3% from one year ago – below forecasts of 3.4% – and the smallest rise since April 2021. The news sparked a rally for small-cap equities, cementing predictions for the Federal Reserve to start lowering interest rates this year.” (ETF Stream)
- Insurers tied to Apollo, KKR buy mortgages outright in hunt for yield “Yield-hungry insurance firms are adopting an unconventional strategy: They’re skipping mortgage-backed bonds and buying the underlying whole loans outright.” (Pensions & Investments)
- How Do Interval Funds Work? “Growing interval funds are bucking the trend of outflows from most actively managed strategies. Interest is surging as everyday investors look for yield in illiquid assets. But interval funds’ complex structure may be new to investors and their advisors.” (Morningstar)
- Would you turn to Reddit for investment ideas? “We hear a lot of warnings about the suitability of investment “advice” provided by unqualified and unregulated experts on social media platforms including Instagram and YouTube, but this is clearly wasted on the general public who are lapping up financial content.” (Financial Times)
- How the 2024 Election Could Affect Your Portfolio “That said, the election’s outcome may have policy ramifications for investors and their money over the long term. This may include retirement-related issues, such as Social Security’s solvency and the availability of environmental, social, and governance funds in employer-sponsored retirement plans, the costs of healthcare, the future of Medicare, and taxation.” (Morningstar)
- Anti-woke investment company announces millions in new funding, plans to launch wealth management offering “Strive Asset Management, an Ohio-based financial services company that specializes in non-woke, anti-environmental, social, and governance (ESG) investing, announced on Tuesday it had raised $30 million in Series B funding, as well as its plans to launch a new wealth management offering due to increased demand.” (Fox Business)
- Capital Group Sees Surge in Active ETF Demand “The rapid growth in active ETFs is not limited to Capital Group. Holly Framsted, head of global product strategy and development at Capital Group, noted that the entire ETF market is seeing significant inflows, outpacing last year’s figures in just half the time.” (ETF.com)
- Goldman Sachs Opens Up an Investment Strategy Once Reserved for the Wealthy “The portfolios were designed by Goldman’s teams that manage north of $1 trillion of investments for clients like corporate pensions and sovereign-wealth funds. They have different allocations depending on the investor’s federal and state tax brackets, among other factors.” (The Wall Street Journal)
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