Dow will offer the Dow 10, known as the "Dogs of the Dow", and Dow 5 Indexes which measure the ten highest yielding stocks on the Dow and the five lowest priced stocks of the Dow 10, respectively.
Demand for investment products based on the indexes prompted Dow to publish official indexes, said Michael Petronella, managing director of Dow Jones Indexes. The company will begin publishing a daily watch list for the new indexes beginning Dec. 20, the company said.
Last year, almost $1 trillion flooded into money market funds. Here are the 20 that have grown the biggest.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
Turns out clients are as mistaken about tax preparers as they are about taxes.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
