Products & portfolios: archive
Every Products & portfolios story in Advisors, newest first. 143 stories
1 story
Franklin Templeton's Stanhope puts alpha ahead of tax in long-short
He says advisors who lead with harvesting risk client disappointment as direct indexing accounts carry embedded gains.
5 stories
Blackstone private wealth AUM hits $330B as distributable earnings fall 9%
The firm raised nearly $9 billion across its private wealth platform in the third quarter, while BCRED redemption requests stayed elevated.
Evergreen fund auction could offer an exit when redemptions are prorated
March unsolicited tenders for oversubscribed private credit BDC shares averaged a 26% discount and drew little interest, per WealthManagement.com.
ACORE Capital launches advisor wealth platform led by Mick Manning
The $17 billion real estate manager will offer real estate credit and equity strategies to high-net-worth clients through financial advisors.
Morningstar backs Vanguard VXUS on low fee and 8,500-stock index
Analysts attribute much of the fund's 67-basis-point five-year edge over its average foreign large-blend peer to its low cost.
Blue Owl halts OBDC II redemptions, shifts to return-of-capital payouts
Robert A. Stanger's Michael Covello reads the move as an orderly liquidation and expects a first distribution of about 30% of NAV; later payouts are unquantified.
6 stories
Morningstar: A hypothetical basket of leveraged ETF reference stocks would have beaten the market
The equal-weighted portfolio would have trailed the leveraged ETFs themselves by about 5 percentage points a year, and Morningstar says it would not have fared as well lately.
55ip extends UMA offering to RIAs with J.P. Morgan and BlackRock SMAs
Syntax connects its index engine to Schwab iRebal; Vise launches an asset-location tool.
Advisors Put Annuities in Bond Sleeves as Retail Sales Reach $464 Billion
Pacific Life's Steve Goldberg says higher rates let insurers offer better crediting rates and downside protection, and he explains four structures with different trade-offs.
Musk's SpaceX child-share pledge raises Trump Accounts lockup question
Musk said in an Oct. 19 post he will give one SpaceX share to every U.S. child next year, about $10.5 billion at the $146.03 Oct. 16 close.
BlackRock Q4 fixed income outlook says similar yields carry different risks
The firm says a portfolio yielding more than 7% with less than three years of duration and an A-minus average rating is now possible.
8VC files $20.4M fund with zero sold; Bregal reports $80.8M co-invest sold
Coatue, Ares and D. E. Shaw also filed zero-sold offerings; Buccaneer and Almanack reported fully sold funds.
6 stories
Charles Schwab plans its own long/short SMA, CEO Rick Wurster says
Wurster gave no launch date on the Oct. 15 call; DGS Capital's Ashish Sharma expects a second-quarter 2027 rollout.
Morningstar raises Vanguard Global Wellington process pillar to High
The Gold-rated fund returned 13.4% annualized from its May 2023 People upgrade through September 2026, versus 12.5% for the category.
55ip expands RIA UMA lineup with J.P. Morgan, BlackRock models
The J.P. Morgan Asset Management subsidiary had previously run tax-managed UMAs only for select enterprise partners.
Partners Group cuts fees on €6.6bn Global Value fund ahead of vote
Investors in the distributing fund will pay at least 25 basis points less for three years; holders in the compounding fund get up to 75 basis points off management fees through January 1, 2030.
Mercer Advisors completes Aspen Investing rollout with in-house direct indexing
The platform, developed with Orion, lets advisors set per-client capital gains budgets and runs across Schwab, Fidelity and Raymond James custody.
AssetMark adds two private equity interval funds, taking shelf to six
Calamos Aksia and StepStone funds can be held standalone or in unified managed accounts, where a $250,000 minimum applies to goals-based strategies.
1 story
Sowell Management names Scott Dooley CIO and forms Office of the CIO
The North Little Rock RIA, with about $6.8 billion in client assets, is packaging research, portfolio construction and consulting as a service advisors can draw on piece by piece.
1 story
Morningstar says the ideal high-return, low-correlation ETF does not exist
Cheaper access to foreign markets pushed US and foreign stock correlations higher since the 1990s, the analysis finds.
2 stories
Fifth Third Wealth Advisors CIO overweights real assets as growth and inflation rise
The $7.8 billion RIA's average client household holds about $9 million; Osmond calls rising yields the biggest portfolio risk.
All Magnificent Seven companies fall short of a 1.5°C climate pathway, Morningstar says
Alphabet, Amazon, Meta and Microsoft face heightened climate transition risk as operators of hyperscale data centers, Morningstar says
1 story
Schwab raised tax-aware long-short minimum to $10M from $1M
The custodian earlier limited how much of an RIA's assets could go into the accounts, which accounted for $60.7 billion of $187.9 billion in client margin loans at the end of September.
4 stories
Morgan Stanley posts $15.2B in alt net flows as wirehouses push alts and AI
InvestmentNews coverage names Wells Fargo alongside Merrill and Morgan Stanley among the wirehouses expanding alternatives and AI tools for advisors.
Wealth Enhancement strategist says AI creates false diversification in alternatives
Ayako Yoshioka told a Goldman Sachs Asset Management webinar that AI is now a theme in public fixed income, venture, private equity and real estate, not only equities.
Nontraded BDC redemption requests ease to 9.8% in third quarter, Fitch says
The funds still cap quarterly repurchases at 5% of shares, so advisors are underwriting liquidity client by client.
Ballentine Income Opportunities Fund III files Form D with no total offering amount
The pooled fund names Ballentine Partners, LLC and Ballentine Funds GP, LLC as related persons and reports $0 sold to date.
1 story
MassMutual makes Flourish Cash available to its advisor network
MassMutual said Sept. 2 it had offloaded its controlling stake in Flourish to Aquiline, retaining a minority interest.
1 story
SEC proposes expanding cross trading by registered funds
The proposal would restore cross trading in most fixed-income securities and require aggregated reporting of trading activity and cross trades.
1 story
Vishal Khanduja turns bullish as Eaton Vance bond fund tops benchmark duration
$4.1 billion Eaton Vance Total Return Bond Fund ran 6.07 years of duration in June against 5.8 for its Bloomberg US Aggregate benchmark.
2 stories
IUL income illustrations assume level crediting and a full-equity benchmark, WealthManagement.com column says
One reviewed projection promised income above 9% of starting cash value from a policy crediting under 7%, the column says.
Brown Advisory files $5.4M DCVC-linked fund in Form D batch from $80K to $227M
The October 6 notices give offering sizes and first-sale dates, and none of the fees, marks or liquidity terms an advisor needs before a client allocation.
6 stories
Schwab adds Save's cash strategy to its SMA marketplace
The Houston startup's advertised 7.5% three-year average comes from stock and bond ETFs, while FDIC coverage applies only to the deposit principal.
SEC proposes crypto custody framework for advisers and regulated funds
The proposal would permit self-custody under circumstances the release does not describe and would let state trust companies serve as custodians.
Nareit researchers flag a 127-basis-point cap rate gap between private real estate and REITs
The spread, open since late 2021, leaves appraised private real estate priced below the risk-free rate, Nareit researchers told WealthManagement.com.
Morningstar survey: U.S. advisor optimism falls to 36% as private-market offerings reach 40%
Half of surveyed U.S. advisors named geopolitical tensions their top market concern, up from 37%, and the share saying they intend to add private-market investments slipped to 5% from 8%.
Merrill adds third-party manager data fees up to $860,000 and a 0.1% revenue share
The Bank of America subsidiary's Form ADV updates say it will have a financial incentive to recommend third-party managers that pay for data analytics, with the schedule effective Jan. 1, 2027.
An op-ed in Financial Planning lays out 90/10 at $1 million and a private-markets carve-out at $10 million
The column drops bonds from the defensive slot and keeps 10% cash in place from $1 million to $10 million
1 story
BofA strategists say easy money from AI capex trade is largely made
The Monday note says positioning in AI-linked beneficiaries and white-collar consumption themes already reflects both sides of the trade, and it recommends a selective pivot.
1 story
RIA CIOs lean on short-duration bonds as Treasury yields reach two-decade highs
Open Arc has trimmed spread exposure and kept dry powder while Amplius moves gradually from underweight duration toward a neutral stance.