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December 15th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Opinions
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Managed Accounts: Key Considerations
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Peg Knox, with the Defined Contribution Institutional Investment Association (DCIIA), says plan sponsors have many things to review before selecting a managed account for their DC plan. 
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SPONSORED BY: Natixis Investment Managers
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Expert Voice: Ed Farrington
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Executive Vice President, Institutional and Retirement, for Natixis Investment Managers 
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| Market Mirror |
Yesterday, the Dow fell 184.82 points (0.62%) to 29,861.55, the NASDAQ gained 62.17 points (0.50%) to finish at 12,440.04, and the S&P 500 closed 15.97 points (0.44%) lower at 3,647.49. The Russell 2000 was up 2.16 points (0.11%) at 1,913.86, and the Wilshire 5000 decreased 116.67 points (0.30%) to 38,364.33.
The price of the 10-year Treasury note was unchanged, with its yield up to 0.901%. The price of the 30-year Treasury bond was down 3/32, increasing its yield to 1.638%.
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ON THIS DATE: In 1791, following ratification by the state of Virginia, the first 10 amendments to the U.S. Constitution, known collectively as the Bill of Rights, became law. In 1854, in Philadelphia, the first street cleaning machine was put into use. In 1877, Thomas Edison patented the phonograph. In 1890, American Sioux Indian Chief Sitting Bull and 11 other tribe members were killed in Grand River, South Dakota, during an incident with Indian police working for the U.S. government. In 1938, President Franklin D. Roosevelt presided over the ground-breaking ceremonies for the Jefferson Memorial in Washington, D.C. In 1939, “Gone With the Wind,” produced by David O. Selznick and based on the novel by Margaret Mitchell, premiered at Loew’s Grand Theater in Atlanta. In 1961, in Tel Aviv, Israel, Adolf Eichmann, the Nazi SS officer who organized Adolf Hitler’s “final solution of the Jewish question,” was condemned to death by an Israeli war crimes tribunal. In 1966, Walter Elias “Walt” Disney died in Los Angeles at the age of 65. In 1996, Boeing Co. announced plans to pay $13.3 billion to acquire rival aircraft manufacturer McDonnell Douglas Corp. In 1997, the San Francisco 49ers retired Joe Montana’s number 16 during halftime of a game against the Denver Broncos. In 2011, an official end to the war that began in 2003 with the American-led invasion of Iraq was declared in a ceremony held in Baghdad (though fighting continued in subsequent years).
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