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SAN FRANCISCO -- BlackRock Managing Director and CIO of fixed income portfolios Rick Rieder painted a bleak overall economic picture before an overflow audience at the Schwab Impact conference here Thursday. With Fed policy holding interest rates low, it’s unlikely investors in fixed income will see yields rise far above current levels anytime soon.
November 4 -
Russell Investments has launched three international equity factor exchange-traded funds designed to provide investors with focused exposure to fundamental risk factors -- namely low beta, low volatility and high momentum. The funds complement Russells existing 10 domestic factor ETFs.
November 4 -
Putnam Investments has launched the Putnam Short Duration Income Fund, a fixed-income fund that aims to combine the capital preservation appeal of a money market fund with the higher yield of an ultra-short bond fund.
November 4 -
The Municipal Securities Rulemaking Board would for the first time require broker-dealers to disclose to state and local governments that they are not fiduciaries and would prohibit underwriters from telling issuers not to hire financial advisors, under revised rule changes it filed Thursday.
November 4 -
Pacific Investment Management has renewed its contract with State Street to manage its investment operations, on an outsourced basis.
November 4 -
JP Morgan Chase & Co. has named Viswas Raghavan its new global head of equity capital markets. At the same time, Andy OBrien and Jim Casey become co-heads of global debt capital markets.
November 4 -
Peak Capitals call center in Dallas will drive growth for the company and new parent United Capital in the years ahead. It has been an effective lead generation technique.
November 3 -
The Dow Jones Industrial Average rose Thursday, finishing up 1.76% to 12044.47. Stocks received a boost after the Greek prime minister discarded plans to hold a referendum on a bailout for the country.
November 3 -
Morgan Stanley Smith Barney has hired three financial advisors with more than $8 million in production from UBS Financial Services.
November 3 -
BlackRock managing director paints bleak economic picture but says corporate balance sheets are still solid.
November 3
