Stable value funds’ AUM increased by about $60 billion during the first half of 2020, representing 7% growth since the second quarter of 2019.

The former Fed chairman discussed his outlook on the broader economy and what it might mean for commercial real estate demand.

A model portfolio composed of 60% U.S. stocks and 40% bonds has climbed 13% year-to-date, in line with the S&P 500 Total Return Index and bigger than the 3.5% gain in the HFRX Global Hedge Fund Index.

The central bank’s corporate-bond facilities may expire on Dec. 31, but their legacy will inform investor behavior for years to come.

Pershing will be offering the new UMA through its Lockwood Advisors affiliate.