Portfolio

As money market funds hold approximately $1.3 trillion in U.S. Treasuries, nearly half of their total $2.7 trillion in assets, investors would probably be spooked in the event of a default by the U.S. government and rush to the exits to redeem their shares. That is the dire warning from Fitch Ratings.

Most target-date funds are not as diversified as they could be, and particularly as they increase in popularity in 401(k) plans, their design needs to be revisited, according to Folio Investing.

Aston Asset Management has launched the Aston/DoubleLine Core Plus Fixed Income Fund. Aston will serve as the investment advisor to the fund and DoubleLine Capital, which specializes in core fixed income, mortgage-backed securities, global developed credit, emerging markets debt and global asset allocation, will act as sub-advisor.

Putting aside the debt ceiling drama currently playing out in Washington and the dire predictions of what would happen to the U.S. and the global economy if the ceiling isn’t raised by Aug. 2, Goldman Sachs’ chief U.S. economist said that even if all that doesn’t come to pass, the U.S. economy will still slow this year and next and puts the chances of a return to recession somewhere between 15% and 20%.

AQR Capital Management has launched the AQR Multi-Strategy Alternative Fund, a no-load mutual fund that seeks to deliver absolute returns by investing in a broadly diversified portfolio of alternative strategies traditionally only available through hedge funds.

As the exchange-traded funds industry continues to evolve, marketing campaigns to support its growth must become far more complex and richer, according to a report from Financial Research Corp., “ETF Trends: Insider Insights on Distribution, Portfolio Construction, Risk & Regulation.”

Annuity fee income at bank holding companies (BHCs) shot up 28.4% in the first quarter to more than $748 million, according to the Michael White-ABIA Bank Annuity Fee Income Report.

AQR Capital Management has launched the AQR Multi-Strategy Alternative Fund, a no-load mutual fund that seeks to deliver absolute returns by investing in a broadly diversified portfolio of alternative strategies traditionally only available through hedge funds.

Institutional investment managers are becoming more cautious, with 42% saying they became more risk-averse in the second quarter, up from 35% in the first quarter, a survey of 100 managers in June by Northern Trust found.