In this week’s fund news, meme stock GameStop creeps into the Russell 1000 index, the SEC punts a decision on a Bitcoin ETF yet again, and the House passes ESG disclosure legislation.
Demand is up across the board, from die-hard day traders piling into meme stocks, to exchange-traded funds and even once-cautious hedge funds now raising leverage to boost exposure.
Many pension-saver clients are abandoning the formula -- particularly the 40% bond component.
The 66-year-old investor said he’s piled more than half of his liquid investments into value stocks from the developing world, an even larger share than two years ago.
Gary Gensler said on Wednesday that he asked the agency’s staff to examine issues related to stock trading including so-called best execution requirements.