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PIMCO has launched the PIMCO Short Term Municipal Bond Strategy Fund, an actively managed exchange-traded fund. The fund will invest in high-quality, short-maturity, alternative minimum tax-free municipal bonds whose income is exempt from federal and, in some cases, state tax. John Cummings, executive vice president and head of the municipal bond desk at PIMCO, will manage the fund.
February 4 -
Investors placed $8.86 billion into long-term stock and bond funds in the week ended Jan. 27, bringing the past 46 weeks of back-to-back inflows to a total of $463 billion, the Investment Company Institute said.
February 4 -
People working in higher education are concerned about retirement but few are changing their investment strategy or planned retirement date or seeking the help of a financial adviser, ING U.S. Retirement Services found in a survey conducted in conjunction with Synovate.
February 4 -
This year, managers will have to work harder to prove their value, one executive said.
February 4 -
Consumer confidence dropped 32.4% in February from a month earlier, according to the RBC Consumer Attitudes and Spending by Household Index.
February 4 -
Speaking at the National Institute on Retirement Security in Washington, Putnam President and Chief Executive Officer Robert L. Reynolds urged Congress and the Obama administration to strengthen all of Americas retirement savings systems, public and private.
February 4 -
Swiss bank launched 49 ETFs in Europe last year
February 4 -
Speaking at the National Institute on Retirement Security in Washington Tuesday, Putnam President and Chief Executive Officer Robert L. Reynolds urged Congress and the Obama administration to strengthen all of America’s retirement savings systems, public and private.
February 3 -
Defined benefit plans delivered an average return of 10.13% between 1995 and 2007, whereas 401(k) plans rose an average of 9.06% a year, according to a report released Wednesday by consulting firm Towers Watson. While that differential is just over one percentage point, the six largest DB plans analyzed outperformed the six smallest by three percentage points in that timeframe.
February 3 -
Sixty-five percent of equities and 58% of options traders believe the S&P 500 Index will rise between 5% and 20% in 2010, according to a survey of 240 investors by online broker TradeKing. Many said they are more confident about the stock market now that the Obama administration has shifted its focus from healthcare reform to job creation.
February 3
