Self-Directed Retirement Plan Participants Allocate Few Assets to In-Plan ESG Funds
Among do-it-yourself investors, allocation to ESG funds is ‘relatively modest when offered in the core menu,’ shows research paper from PGIM and EBRI.
Investing
Callan: DC Plan ESG Use Drops in ’22 On Backlash, Rule Confusion
A potential backlash on ESG investing along with confusion over DOL guidance led to a 14% drop in ESG implementation by institutional investors, including large pension and DC...
How Private Real Estate Investment Might Help DC Participants Hedge Inflation
Investment in the asset class is up 7.4% this year, an index shows, but few DC plan sponsors are offering it to participants, say industry experts.
Pandemic Era Stimulus Is Haunting the U.S. Economy
Bank of America analyst says outsized federal aid led to inflation and rate increases.
Promoting ESG Strategy and More Uniform Regulation Are Focus of Georgetown Panel
Speakers emphasized the distinctions between ESG and sustainable investments and the need for greater regulatory clarity between jurisdictions.
401(k) Trading in September Reflects Worst Month Since March 2020
Traders favored equities in the beginning of the third quarter as Wall Street posted gaining, but they preferred fixed-income funds in the quarter’s second half as stocks slid.
DC Plans Slow to Adopt ESG Options
Many plan sponsors remain hesitant to implement environmental, social and governance investing until the Department of Labor rules on the subject.
Wilmington Trust Launches CIT Onboarding Tool
The tool for employer-sponsored plans seeks ‘democratization’ of the use of collective investment trusts.
August 401(k) Trading Sees 2nd Lowest Trading Month
The latest data from Alight Solutions show two above-normal trading days in August, with investors favoring equities during 13 of the 23 trading days.
California Pension Fund Seeks to Halve Exposure to Carbon Emitters
CalSTRS will move 20% of its public equity portfolio to a passive, low-carbon strategy.
Select 401(k) Balances Declined with Market in Second Quarter
According to a Charles Schwab report, average balances across all self-directed brokerage accounts finished 19% lower than a year ago.
Florida Governor Bars State Funds From ESG Investing
DeSantis contends that applying climate and racial sensitivity to asset allocation could harm financial performance.
Retirement Plans Outperformed the S&P 500 During a Volatile Second Quarter
401(k) savings rates remained near record levels.
401(k) Trading Light in July Despite Market Gains
Stable value funds topped inflows, while most outflows were from target-date funds, according to Alight Solutions data.
GOP Attorneys General Raise Fiduciary, Antitrust Concerns in Letter to BlackRock
August 4 letter to CEO Larry Fink seeks ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’
June Slump Causes $262 Billion Drop in U.S. Public Pensions’ Assets
Funded ratio for the 100 largest U.S. public funds fell to 74.0%
Florida’s DeSantis Joins Other GOP Pols in Opposing ‘Woke Capital’
Governor moves to bar the State Board of Administration from adopting ESG-investing tenets.
Preliminary Public Pension Investment Losses in 2022 Estimated at 10.4% on Average
Economic and geopolitical challenges significantly diminish last year’s gains.
In-Plan DC Annuities and the Existential Plan Sponsor Question
Plan sponsors must consider life expectancy at retirement rather than what is projected at birth.
401(k) Investors Favored Fixed-Income Funds in June
All but three days in the month had net trading flows going from equities to fixed income.