Bank of America Clients Withdraw $2.3 Billion From US Stocks of All Sizes
BofA clients sold US equities of all sizes last week, pulling roughly $2.3 billion despite the relative quiet in the stock market.
Recent
Mustier’s Blank-Check Firm Fails to Find Deal, to Return Capital
One of Europe’s biggest special-purpose acquisition companies failed to find a takeover target and will be dissolved.
Majority of Advisors Bullish on Equities for Remainder of 2023
Market volatility good for business. But nearly half of their clients are more worried than ever by market volatility.
Explainer-How are Money Market Funds Preparing for a Potential Debt Ceiling Crisis?
Assets in money market funds have soared to record levels drawing investors with safe-haven appeal and yields that exceed those paid on bank deposits.
The Biggest ETF Launch Ever Is Just a $2 Billion ESG Fund Reshuffle
The largest ETF launch of all time has just taken place in the US. Unfortunately, it was less dramatic or exciting than it sounds.
Schwab Boosts ETF Investing by Riding the Wave of Direct Indexing
Charles Schwab Corp. is riding the wave of direct indexing, and ETF popularity, by adding to its Schwab Personalized Indexing a new index.
Hedge Fund Chatham, Founder Pay $19 Million in SEC Case Over Bond Trading
Hedge fund Chatham Asset Mgmt. and founder Anthony Melchiorre agreed to pay more than $19M to settle US allegations of improperly traded bonds.
