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ESG Funds Shuttered Amid Political Backlash and Investor Scrutiny

Several money managers, including BlackRock, State Street, Columbia Threadneedle, Janus Henderson, and Hartford Funds, have closed more than two dozen sustainable funds in the US this year, according to Morningstar data. The closures come as interest in ESG investing wanes amid political backlash and disappointing returns. Some funds struggled to attract assets, while others underperformed due to their weighting towards growth strategies.

Future of Wealth

Interest Rates Staying 'Higher for Longer' Means at Least Through 2026 for the Fed

A common refrain around the Federal Reserve in recent months has been the notion that interest rates will remain "higher for longer.

Commentaries

Bill Gross Warns Bond Investors Face Record Third Year of Losses

Bond investors’ pain isn’t over yet, even though the Federal Reserve is done raising interest rates, said Bill Gross.

News

Trump Interview Sheds New Light On Fed Policy Pivot, Raises Independence Questions

Either the man is misremembering or he's telling the truth. If he's claiming to have dictated rate policy, the biggest problem is that people will believe the Fed is for sale if you figure out which arm to twist.

Living Rich

Hugh Jackman Divorce: Singer-Actor Desperate To Do This Months Before Publicizing Split

Hugh Jackman is making headlines of a different kind.