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Friday, September 08, 2023
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Can ETFs Work in 401(k)s With Mutual Fund Rebranding?
PA-090723-Firm-Seeks-to-Make-ETFs-Mutual-Funds-1082017634-web
F/m Investments has asked the SEC for the right to classify an ETF series as mutual funds to be accessible for 401(k) participants.
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Compliance
Acting Secretary of Labor Su Under Pressure as DOL Prepares Fiduciary Proposal
Republicans introduced legislation targeting the controversial candidate, whose nomination has not been put to a vote.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. Firefighter Pension Complaint Alleges Insider Trading by United Health Execs, Including Slain CEO
3. 401(k)s and the Courts in 2025
Investment Product and Service Launches
Human Interest launches Fast Track 401(k); AllianzIM introduces September buffered ETFs; Madison Investments unveils latest actively managed ETF Suite; and more.
Aspen Institute Retirement Experts Look to Saver's Match to Close Savings Gap
An Aspen Institute forum on retirement considered major sector issues, including leveraging SECURE 2.0's 50% federal matching contribution deposited directly into a taxpayer’s IRA or retirement plan.
House Republicans Look to Repeal DOL Rule Permitting ESG in Retirement Plans
As the House of Representatives returned this week, it wasted no time proposing new bills targeting ESG investing.
Market Mirror Market Mirror Graph

Thursday, the Dow rose 57.54 points (0.17%) to close at 34,500.73, the Nasdaq fell 123.64 points (0.89%) to close at 13,748.83 and the S&P 500 fell 14.34 points (0.32%) to close at 4,451.14. The Russell 2000 lost 18.52 points (0.99%) to close at 1,855.76, and the FT Wilshire 5000 Index lost 168.23 points (0.37%) to close at 44,888.65.

The 10-year Treasury note increased 2/32, bringing the yield to 4.253%. The 30-year Treasury bond increased 2/32, bringing the yield to 4.347%.

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