Congress Questions SEC Chair on Rule-Making Impact Amid Looming Shutdown Deadline
Lawmakers grilled SEC Chair Gary Gensler on September 27 regarding the impact of the agency's rule proposals as the deadline for Congress to avoid a government shutdown loomed.
PGIM Enters Buffer ETF Arena, Aims to Disrupt Market with Competitive Offering
Months following BlackRock's entrance into the market, PGIM has taken a stride toward introducing buffer ETFs. PGIM is in the process of developing 24 funds, each boasting an expense ratio of 0.50%, as disclosed in a filing with the Securities and Exchange Commission (SEC).
BRICS Expansion: A Geopolitical Play with Limited Investment Appeal, Say Wealth Advisors and RIAs
The proposed expansion of the BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, with the inclusion of Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, has failed to capture the attention of wealth advisors and RIAs. While this expansion increases the collective global GDP share of BRICS from 26% to around 29%, investment professionals perceive it more as a geopolitical maneuver than a promising investment opportunity.
Franklin Templeton Awaits Wider Junk Spreads as Defaults Rack Up
More junk-rated companies are likely to default on their debt as the US economy slows.
Paulson’s Ex-Business Partner Adds JPMorgan to Fraud Lawsuit
John Paulson’s former Puerto Rico business partner added a JPMorgan Chase & Co. unit as a co-defendant in a lawsuit he filed earlier this month.