A study by the Journal of Financial Planning and the FPA Research and Practice Institute has determined that exchange-traded funds are now more popular among advisors than are mutual funds. So reports Valuewalk.
Only 66% of American investors can describe the investment they hold in their portfolios, although 75% are familiar with their asset allocations, according to a study by research firm Hearts & Wallets. So reports CNBC.
PIMCO’s chief investment officer for equities, Virginie Maisonneuve, is stepping down from her position after two years at the firm and the company’s equity unit is laying off about 30% of its workforce. So reports Fox News.
Some stocks with the highest dividend yields, including mortgage-backed real estate investment trusts, tend to be the most risky, and many dividend paying stocks are interest rate sensitive, says Jim Cahn, chief investment officer of Wealth Enhancement Advisory Services in Minneapolis. So reports ThinkAdvisor.