Taking what he calls a “cautiously optimistic view for 2008,″ Bob Doll, Vice Chairman and Chief Investment Officer of Global Equities at BlackRock, Inc., predicts that the U.S. will narrowly escape an economic recession this year.
When asked what issues would have the most significant impact on businesses in 2008, advisers are most concerned about market performance/volatility (58%), retiring Boomers (54%), and the real estate bubble and credit crunch (tied at 49%).
As the year comes to a close, advisers are planning ahead for 2008 and, according to a recent poll by the SEI Advisor Network, advisers’ New Years resolutions are focused on how client interaction will lead to a successful year.
Standard&Poor’s said Tuesday the world’s emerging and developed equity markets posted negative returns in August, with emerging markets dropping 1.94% and developed markets giving back 0.36% over the month.
Return-expectations and savings sufficiency can be more efficient benchmarks for target-date funds than are those used currently, according to a new paper from Vanguard Investment Counseling and Research.