Investment

The family-run Nicholas Co. is closing the Nicholas High Income Fund, its only fixed-income fund, on or around July 24.

The S&P 500’s P/E ratio is pushing into territory not seen since the dot-com era on the slim hope that company profits will hold up.

BlackRock said in a research note that 88% of sustainable indexes did better than their non-sustainable counterparts in the first four months of 2020.

A consortium of the biggest ETF providers -- BlackRock, State Street, Vanguard, Schwab, Fidelity and Invesco -- are pushing to reclassify funds into four separate categories, a move that could cause a host of products to lose their ETF designation.

SFO Alliance will host private events -- at the moment virtually -- where family offices can discuss everything from private equity to real estate to direct investments in businesses.

Attractive? Yes, but are they worth the cost?

It’s the latest active manager to make its funds available on the free- to low-cost platform.

The Fed plans to make both outright purchases of corporate bonds as well as ETFs invested in the asset class, including potentially some sub-investment grade debt.