Joel Tillinghast, who specializes in small-cap stocks, said his job as portfolio manager has also become tougher because of the changing nature of the U.S. economy.
Betterment adds portfolios from Goldman Sachs and BlackRock, a Schwab study shows how much millennials love ETFs and a Connecticut union created a TV commercial targeting the high net worth.
The 10 largest higher education endowment funds in the United States now have an average of 14.4 percent of their direct equity portfolios in ETFs, a 15 percent decline from two years ago.
Asset prices have decoupled from fundamentals, giving investors a smooth ride—so far. But there is a difference between the investment journey and the destination, and investors are right to be concerned about what happens when fundamentals start...