| | Can K-12 403(b)s Find a Balance? | | There’s been a tug of war, of sorts, over the
best design for K-12 school district 403(b) plans, but some say they should
strike a balance between old and new.Read more > | | | Products, Deals & People | | MetLife has launched its “MetLife 3 R’s to
Retirement” campaign and website, which offers a range of resources and
guidance to school employees.Read more > | | ABG Retirement Plan Services has created
LifetimeIncomeCenter.com, a resource for answering critical retirement planning
questions such as, How long will I live? Will I run out of money? When should I
start Social Security payments? How would an annuity help me?Read more > | | | Market Mirror | Deep losses for
U.S. stock indices yesterday were part of a global wave of selling triggered by
increased signs of an economic slowdown in China, the Associated Pres reports. The
Dow closed 588.47 points (3.58%) lower at 15,871.28, the NASDAQ dove 179.79
points (3.82%) to 4,526.25, and the S&P 500 was down 77.66 points (3.94%) at
1,893.23. The Russell 2000 fell 45.10 points (3.90%) to 1,111.69, and the Wilshire
5000 dove 813.79 points (3.92%) to 19,956.48.
On the NYSE,
3.2 billion shares traded, with declining issues outnumbering advancing issues
more than 20 to 1. On the NASDAQ, 2.8 billion shares changed hands, with a more
than 9 to 1 lead for decliners.
The price of the 10-year Treasury note increased 8/32,
bringing its yield down to 2.013%. The price of the 30-year Treasury bond
slipped 4/32, increasing its yield to 2.736%.
| | | From the Magazine | | Smart Beta Fulfills Need for Risk-Adjusted Returns | | Sponsors of defined benefit (DB) plans are forever
fighting a battle to boost the productivity of their funds’ equity assets.
However, many find that the two conventional weapons—strategies run by active
managers and passive investment in market indexes—have become less effective in
a low-return environment. The need for increased risk-adjusted return, along
with a desire to reduce spending on fees, has created an opportunity for a raft
of new products, known by a number of different names—factor investing,
alternative indexing and engineered equity—but known collectively as “smart
beta.”Read more > | | | Small Talk | | ON THIS DATE: In
1718, hundreds of colonists from
France arrived in Louisiana, some settling in present-day New Orleans. In 1916, the National Park Service was
established as part of the U.S. Department of the Interior. In 1939, the movie “Wizard of
Oz” opened around the United States. In 1949, NBC Radio debuted “Father Knows Best.” The show
went to TV in 1954. In 1962, 17-year-old
singer Eva Narcissus Boyd scored her first and only No. 1 hit with “The
Loco-Motion.” In 1981, the U.S. Voyager 2 sent back pictures and data
about Saturn. The craft came within 63,000 miles of the planet. In 1984, Truman Capote, the author of the
pioneering true-crime novel “In Cold Blood” died at age 59 in Los Angeles. In 1997, the tobacco industry agreed to an
$11.3 billion settlement with the state of Florida. In 2009, Edward “Ted” Kennedy, who served as a U.S. senator from
Massachusetts from 1962 to 2009, and the youngest brother of President John F.
Kennedy, died of brain cancer at age 77 at his home in Hyannis Port,
Massachusetts. | | TUESDAY TRIVIA: A
Swedish hockey player once scored by squatting in the goal to release a puck
that had gotten stuck in his pants. This can be seen around the 18th second in
this video.Read more > | | TRIVIAL PURSUITS: What
were used as the first ice hockey pucks?Read more > | | Share the good news with a friend! Pass the Dash along – and tell your
friends/associates they can sign up for their own copy.Read more > |
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