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Monday, October 09, 2023
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DOL Approves Citi Diverse Asset Program for 401(k)s
PA-100623-DOL-Opinion-on-Diverse-Asset-Managers-1339256703-web
According to the regulator, Citi will not violate ERISA fiduciary duties by paying plan fees of diverse asset managers.
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Retirement Industry People Moves
PGIM Investments appoints Carlino as global head of alternative investments; Equitable Holdings names Bass head of investor relations; Pine joins Carson Group as Chief Legal Officer; and more.
Today’s Most Read
1. IRS Raises 401(k) Contribution Limit to $24,500; IRA Limit to $7,500
2. Anticipating the Next Wave of ERISA Lawsuits
3. Shutdown’s End Sets Stage for Retirement Plan Contribution Limits
Higher Rates Push Both Congress, Investors to Change Strategy
Long-term investors are looking to rebalance their portfolios while considering investing trade-offs in both equity and bond markets.
Morningstar: ESG Integration Growing Among Institutional Asset Owners
The 2023 Voice of the Asset Owner survey probes views on developing ESG investment strategies.
PLANADVISER’s New Digital Experience Is Live!
Check out our revamped website highlighting trending stories, features, research and online events.
Market Mirror Market Mirror Graph

Friday, the Dow rose 288.01 points (0.87%) to close at 33,407.58, the Nasdaq rose 211.51 points (1.60%) to close at 13,431.34 and the S&P 500 rose 50.31 points (1.18%) to close at 4,308.50. The Russell 2000 rose 14.05 points (0.81%) to close at 1,745.56, and the FT Wilshire 5000 Index rose 508.93 points (1.19%) to close at 43,332.12.

The 10-year Treasury note fell 29/32, bringing the yield to 4.804%. The 30-year Treasury bond fell 1 24/32, bringing the yield to 4.974%.

For the week ending October 6, the Dow fell 0.30%, the Nasdaq rose 1.60% and the S&P 500 rose 0.48%. The Russell 2000 fell 2.22 %, and the FT Wilshire 5000 Index ended 0.19% higher.

 

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