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Friday, September 29, 2023
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Private Real Estate Investment Through DC Plans Continues to Grow
PA-092823-Real-Estate-Increase-in-DC-Plans-1170843787-web
Managers continue to push into the defined contribution space, a bet that plan sponsors and advisers will be attracted to the asset class.
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Compliance
Inflation Data Will Be Unavailable for 2024 Social Security COLA With Shutdown
The Social Security COLA would not be updated on the scheduled timeline of October 12 during a government shutdown.
Today’s Most Read
1. Federal Appeal of DOL Fiduciary Rule Ends in Circuit Court
2. A New Age for PEPs
3. TIAA, Vanguard to Offer Target-Date Lifetime Income CIT Series
Creative Planning CIO Jim Williams Dies at 46
The CIO was ‘admired by clients and colleagues’ and a ‘devoted husband and father.’
Investment Product & Service Launches
Vanguard expands active fixed-income lineup; Brandywine announces suite of new investment strategies; RiXtrema launches AI tools for 401(k) plan; and more.
Few Retirees, Pre-Retirees Seek Advice Despite Financial Security Fears
Only 35% of retirees and 37% of those 50 or older look to a financial professional for advice, Transamerica finds.
Market Mirror Market Mirror Graph

Thursday, the Dow rose 116.07 points (0.35%) to close at 33,666.34, the Nasdaq rose 108.43 points (0.83%) to close at 13,201.28 and the S&P 500 rose 25.19 points (0.59%) to close at 4,299.70. The Russell 2000 gained 15.41 points (0.87%) to close at 1,794.31, and the FT Wilshire 5000 gained 271.21 points (0.63%) to close at 43,357.59.

The 10-year Treasury note increased 3/32, bringing the yield to 4.576%. The 30-year Treasury bond increased 3/32, bringing the yield to 4.704%.

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