Sponsored message from Natixis |
Actively Changing the Climate of Target Date Funds |
Sophisticated Methodology. Sustainable Ideology. Innovative Glidepath Design. Natixis Sustainable Future Funds: The industry’s first ESG-driven target date mutual funds. Read More >
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Millennials the Most Likely to Own Mutual Funds in Their Retirement Plan |
Of all demographic groups, Millennial households are the most likely to own mutual funds only through their employer-sponsored retirement plans, according to the Investment Company Institute.
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Pentegra Makes 403(b) MEP Available to Advisers Nationwide |
The expanded distribution of the program seeks to take advantage of the Department of Labor’s recent focus on expanding MEP coverage, the firm says.
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Market Mirror |
Tuesday, the Dow dropped 551.80 points (2.21%) to 24,465.64, the NASDAQ fell 119.65 points (1.70%) to 6,908.82, and the S&P 500 lost 48.84 points (1.82%) to finish at 2,641.89. The Russell 2000 closed 27.53 points (1.84%) lower at 1,469.01, and the Wilshire 5000 dropped 499.28 points (1.80%) to 27,202.98.
The price of the 10-year Treasury note was up 2/32, decreasing its yield to 3.063%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 3.319%.
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