- 'Is That What You Want?': JP Morgan Chief Calls Out Investors on Private Markets “J.P. Morgan Chase & Co. Chairman and CEO Jamie Dimon called out an audience of top institutional investors for their role in contributing to the rapid growth of private markets in recent years, suggesting it might not be the ideal structure for the economy.” (FundFire)
- A Fed interest-rate cut could make small-cap stocks a good investment now “Small-cap stocks have been on a volatile streak ever since the Fed signaled this summer that its first rate cut could be imminent. The Russell 2000 jumped around 13% in July to score its best month in nearly two years, before giving back nearly half of that gain in August. Now, market analysts argue that the bullish momentum might be here to stay.” (MarketWatch)
- The Number One Way Americans are Becoming Millionaires “The number-one way Americans become millionaires isn’t through timely real estate purchases or being early investors in startups. The formula is much simpler: consistent buying, usually in the form of automatic contributions from every paycheck into a retirement account.” (Morningstar)
- Thematic tech ETF investing may have selective use case, experts say “Its three largest positions are Nvidia, Microsoft and Alphabet, according to FactSet, but it contains 52 holdings overall. Pointing to some of CHAT’s under-the-radar artificial intelligence plays, Mazza waived off concerns that thematic ETFs may be too narrow in scope.” (CNBC)
- Why investors park billions in high-fee legacy ETFs “In fact, BlackRock, Amundi and DWS all boast high-fee core equity ETFs housing at least $3bn asset under management (AUM) apiece, while carrying a total expense ratio (TER) between two and three times higher than ETFs from the same provider, tracking the same index.” (ETF Stream)
- With 529 Plans in Demand, Try an ETF Strategy “Due to the myriad of benefits that they offer, 529 plans continue to be a highly utilized strategy by families across the country. According to The College Investor, about 16.4 million 529 plans were open as of the end of 2023. In total, The College Investor calculates that as of the end of 2023, about $471 billion in total has been saved through 529 plans.” (VettaFi)
- Are ‘Co-manufactured’ Target Date Funds Emerging as a New Trend? “Co-manufacturing is a practice in which asset managers join with investment distributors, such as DC platforms and DC plan advisors, and, in most instances, a trust company, to create investment products that are exclusive to the clients of the platform and/or advisory. As of mid-year 2024, 37 of the 143 target-date series tracked by Sway Research were formed via a co-manufacturing arrangement, and thus, exclusive to a specific provider.” (NAPA)
- Envestnet Plans New Model Marketplace Using Manager Revenue to Offset Fees “The menu will include model portfolios filled with exchange-traded funds and mutual funds, from BlackRock, Fidelity, Franklin Templeton, State Street and Envestnet's in-house asset management team. In June, Envestnet announced that these managers were adding model-delivered direct-indexing strategies to its UMA program as part of its "premier partnership program." (FundFire)
- How Asset Allocations of Public Pension Plans Have Shifted “Allocations to fixed income also dropped significantly in these years, and Bond noted significant growth in allocations to private equity, private credit, real estate and other alternative assets. Across state and local pension plans in the U.S., over the past 30 years, NIRS found that 61.4% of pension revenue came from investment earnings.” (PlanSponsor)
- Could Bitcoin be poised for an influx of institutional investment? “Looking ahead, both Dixon and Kellam believe the increasing availability of on-chain data and the growing acceptance of bitcoin by financial powerhouses will lead to significant institutional and retail investment.” (TheStreet)
- What’s Left to Be ETF’d? “As of this week, there’s even an ETF for stocks that get kicked out of ETFs. While that newest fund might not be all bad, it’s a reminder that you need to be on guard against the proliferation of funds that have no business existing in the first place.” (The Wall Street Journal)
0 comments
Hide comments
