| | Products, Deals and People | | PSCA Offers Plan Sponsor Education About Third-Party Fiduciaries | | The Plan Sponsor Council of America (PSCA) has published an article and a two-part podcast on third-party fiduciaries. Topics discussed include: How often plan sponsors should review their third-party fiduciaries; What plan sponsors are doing to become better fiduciaries; and How retirement plan managers can convince plan fiduciaries to take their responsibility seriously.Read more > | | | Market Mirror | Yesterday, the Dow increased 21.03 points (0.11%) to 18,868.69, the NASDAQ decreased 18.72 points (0.36%) to 5,218.40, and the S&P 500 was virtually unchanged at 2,164.20. The Russell 2000 gained 16.21 points (1.26%) to finish at 1,298.59, and the Wilshire 5000 closed 63.04 points (0.28%) higher at 22,596.52.
On the NYSE, 3.1 billion shares traded, with a slight lead for advancers. On the NASDAQ, 2.9 billion shares changed hands, with 3 advancing issues for every 2 declining issues.
The price of the 10-year Treasury note decreased 28/32, bringing its yield up to 2.249%. The price of the 30-year Treasury bond fell 1 24/32, increasing its yield to 2.998%. | | | Investing | | Risk Control At Heart of ESG and SRI Developments | | Asset managers seeking new levels of diversification and risk awareness are wholeheartedly embracing investing programs designed with environmental, social and governance (ESG) themes in mind, according to a new report from U.S. SIF, the research and advocacy organization supporting ESG and sustainable and responsible investing (SRI).Read more > | | DC Investors Stuck With Portfolio Strategies During October | | Defined contribution (DC) plan investors went through a shaky month of generally negative equity and fixed-income returns, coupled with light trading, according to Aon Hewitt’s 401(k) Index. The firm reports that only 0.16% of total balances traded in the month, and there were just two days of above-normal trading activity. For participants who traded, 15 out of 21 trading days favored fixed-income funds over equity funds.Read more > | | | Small Talk | | ON THIS DATE: In 1777, the Continental Congress approved the Articles of Confederation, precursor to the U.S. Constitution. In 1806, explorer Zebulon Pike spotted the mountaintop that became known as Pikes Peak. In 1864, Union General William T. Sherman and his troops began their “March to the Sea” during the U.S. Civil War. In 1867, the first stock ticker was unveiled in New York City. In 1901, Miller Reese patented an electrical hearing aid. In 1920, the League of Nations met for the first time in Geneva, Switzerland. In 1926, the National Broadcasting Co. (NBC) debuted with a radio network of 24 stations. The first network radio broadcast was a four-hour “spectacular.” In 1939, U.S. President Franklin Roosevelt laid the cornerstone of the Jefferson Memorial in Washington, D.C. In 1969, in Washington, D.C., one-quarter of one million protesters staged a peaceful demonstration against the Vietnam War. In 1999, representatives from China and the United States signed a major trade agreement that involved China’s membership in the World Trade Organization (WTO). | | TRIVIAL PURSUITS: What warning did Paul Revere shout during his midnight ride in 1775?Read more > | | Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more > |
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