The interest rate on the popular savings tool will decline in May because of cooling inflation. Other investment options might provide a better return.
The fund will track the CIBC Human Capital Small Cap index, which is made up of about 200 small cap US companies rated on factors such as employee motivation, commitments to diversity goals and compensation fairness.
Cryptocurrencies have staged a comeback from last year’s doldrums, with Bitcoin almost doubling to break above $30,000 this week from around $16,600 at the start of 2023.
“It’s a perfect time, because with all this negative sentiment, you’re seeing a lot of unique opportunities,” DoubleLine portfolio manager Morris Chen said in a phone interview. “By no means are we ignoring it, but there’s a lot of devil in the...