- Wirehouses Push Defensive Equities, Fixed Income to Brace for Election Volatility “Wealth firms are telling financial advisors to think defensively in the run up to the U.S. presidential election, although these firms do not expect market turbulence after a winner takes office.” (FundFire)
- How Model Portfolios Can Be a Win-Win “According to surveys, clients invested in model portfolios are more likely to have higher levels of trust with their financial advisors and believe that volatility is an opportunity to grow assets. Additionally, they are more likely to be interested in other services offered by an advisor.” (FINSUM)
- Private Equity: How Much Should You Allocate? “That suggests that unless investors view themselves as having a significantly different risk profile (including exposure to illiquidity risk), 10% of the equity allocation should be allocated to private equity. Those having a greater (lower) tolerance for illiquidity risk could consider a higher (lower) allocation.” (Morningstar)
- Plan Sponsors Increasingly Offer Financial Adviser Services “The financial planning connection is being driven in part by participants, with a separate MFS survey of 4,000 participants showing that 70% say they would use an advisory service if offered, 20% saying they’d possibly use it, and just 10% saying they are not interested.” (Planadviser)
- Commodity ETFs: Look Before Leaping “So with commodities up, the ETFs that cover them have gotten a natural boost as well, and investors’ interest in them is on the upswing. In fact, the top 20 commodity funds by assets under management vacuumed in almost $1 billion in April alone, according to Bloomberg Intelligence (together these funds oversee around $20 billion).” (Financial Advisor)
- Here's What Single-Family Offices Want to Add to Their Portfolios “Investment managers for the ultra-wealthy plan to funnel more capital into private equity, fixed income, private debt and developed market equity investments this year, according to recently published industry reports.” (FundFire)
- J.P. Morgan Adds Fractional Shares Capability to Self-Directed Investing Experience “One of the key enhancements is the ability to buy fractional shares of stocks or exchange-traded funds (ETFs) for as little as $5, allowing clients to invest in a more flexible and accessible manner based on dollar amounts, the bank said in a Thursday (May 30) press release.” (PYMTS)
- The Long Game: Why the Fed Must Resist Calls for Premature Rate Cuts “We must not forget the lessons of the 1970s and early 1980s, however, a time marred by runaway inflation that exceeded a staggering 14% in 1980. This period of economic turmoil, aptly dubbed the ‘Great Inflation,’ was fueled by a series of policy missteps, including a focus on nonmonetary factors such as oil price shocks and government budget deficits, along with premature easing of monetary policy during an election year.” (The DI Wire)
- Higher interest rates wreaking havoc on real estate managers “Many core, open-end fund managers are offering incentives in the form of fee reductions if investors add new capital or if investors remove themselves from redemption/exit pools to help limit redemptions and encourage new investment, Hill said.” (Pensions & Investments)
- Crypto for Advisors: The Evolution of Crypto and TradFi “The idea was to provide a way for people to exchange value without an intermediary having to approve said exchange. A lot has changed over the past 15 years as many other distributed database networks have been created (e.g., Ethereum, Solana, etc.). Each brings its own functionality and potential use cases.” (CoinDesk)
- Chicago Investment Firm Offloads Los Angeles Buildings in Sign of ‘Increased Liquidity’ “LaSalle Investment Management has secured buyers for a pair of office buildings in Los Angeles in the latest sign of a capital rebound for the sector following years of stifled investment caused by higher interest rates and uncertainty.” (CoStar)
- Ackman's Pershing Square raises $1.05 bln in stake sale ahead of potential IPO “Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices, it said on Monday. The sale is a precursor to a potential initial public offering that could happen next year or in 2026. Investors are valuing the firm at $10.5 billion, Reuters reported last week.” (Reuters)
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