|
June 24th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
Investing
|
|
Growing Inclusion of Alts in DC Plans
|
Defined contribution retirement plans are incorporating alternative investments in custom target-date funds, and access to alternatives has increased thanks to white-label funds. 
|
|
|
|
|
|
| ECONOMIC EVENTS |
Interest on a 30-year fixed-rate mortgage averaged 5.81% for the week ending June 23, up from last week when it averaged 5.78%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.02%. Interest on a 15-year fixed-rate mortgage averaged 4.92%, up from last week when it averaged 4.81%. A year ago at this time, the 15-year FRM averaged 2.34%.
In the week ending June 18, the advance figure for seasonally adjusted initial claims for unemployment insurance was 229,000, a decrease of 2,000 from the previous week’s revised level, the Labor Department reported. The four-week moving average was 223,500, an increase of 4,500 from the previous week’s revised average. The previous week’s average was revised up by 500 from 218,500 to 219,000.
|
|
|
|
| MARKET MIRROR |
Thursday, the Dow gained 194.23 points (0.64%) to 30,677.36, the Nasdaq increased 179.11 points (1.62%) to close at 11,232.19, and the S&P 500 was up 35.84 points (0.95%) to 3,795.73. The Russell 2000 gained 21.40 points (1.27%) to 1,711.67, and the Wilshire 5000 raised 425.03 points (1.14%) to 37,752.88.
The price of the 10-year Treasury note increased 28/32 bringing its yield down to 3.086%. The price of the 30-year Treasury bond increased 31/32 bringing its yield down to 3.203%.
|
|
|
|
Compliance
|
|
District Court Rejects ERISA Lawsuit Against Olin Corp.
|
|
The U.S. District Court for the Eastern District of Missouri has ruled in favor of the defendants in an Employee Retirement Income Security Act lawsuit filed against the Olin Corp.The plaintiffs in the case put forward substantially similar allegations to numerous other lawsuits filed against employers for alleged fiduciary breaches in the operation of their...
|
|
|
|
|
|
|
|
|
ON THIS DATE: In 1497, Italian explorer John Cabot, sailing for England, landed in North America on what is now Newfoundland. In 1664, New Jersey, named after the Isle of Jersey off the coast of France, was founded. In 1793, the first republican constitution in France was adopted. In 1844, Charles Goodyear was granted a U.S. patent for vulcanized rubber. In 1922, the American Professional Football Association was renamed The National Football League. In 1940, television cameras were used for the first time in a political convention as the Republicans convened in Philadelphia. In 1953, Jacqueline Bouvier and then-Massachusetts Senator John F. Kennedy publicly announced their engagement. Kennedy became the 35th president and Jackie, as she was known, became one of the most popular first ladies. In 1986, the Empire State Building was designated a National Historic Landmark. In 1997, U.S. Air Force officials released a 231-page report that dismissed claims of an alien spacecraft crash in Roswell, New Mexico, almost exactly 50 years earlier.
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2024 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
