“The fund presents a diversification option for investors and seeks the combination of current income, while endeavoring to preserve capital,” said Carol Wolf, co-portfolio manager of the fund and head of the Oppenheimer Cash Strategies Team.
The fund will invest in a variety of U.S. investment-grade fixed income obligations, including corporate notes, floating and variable rate instruments, asset-backed securities and U.S. government and agency debt.
The Wall Street giant has been moving away from providing in-house retail investment advice to finding ways it can support smaller firms.
Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.
In the first three months of 2024, both profits and client assets reached new heights at RayJay's Private Client Group.
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.
