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| Market Mirror | |
Major U.S. stock indices ended mostly flat yesterday. The Dow increased 14.57 points (0.08%) to 17,230.54, the NASDAQ closed 18.78 points (0.38%) higher at 4,905.47, and the S&P 500 added slightly more than half a point (0.03%) to finish at 2,033.66. The Russell 2000 slipped a little more than one point (0.09%) to 1,164.29, and the Wilshire 5000 inched up 5.45 points (0.03%) to 21,285.83. On the NYSE, 3.2 billion shares changed hands, with a slight lead for decliners. On the NASDAQ, 2.7 billion shares traded, with an even split between advancing and declining issues. The price of the 10-year Treasury note increased 5/32, bringing its yield down to 2.019%. The price of the 30-year Treasury bond was up 3/32, decreasing its yield to 2.880%. | |
| Sponsored message from BlackRock | |
| Multi-Manager Fixed Income: The Way Forward? Interest rates are not the only challenge facing bond funds. Can a multi-manager approach better position DC plans To navigate the uncertain fixed income environment?Read more > | |
| Compliance | |
| Perez Speech Hints at Fiduciary Flexibility | |
| There is very little doubt remaining that the Department of Labor will stand firm on issuing a revised fiduciary rule under the Employee Retirement Income Security Act (ERISA), but comments made late last week by Labor Secretary Thomas Perez suggest additional revisions to the controversial proposal are still possible—even likely.Read more > | |
| From the Magazine | |
| Insights: Where They Are | |
| After the passage of the Pension Protection Act of 2006 (PPA), there were often comments about how automatic enrollment, automatic escalation and qualified default investment alternatives (QDIAs) would eliminate the need to engage participants. In some ways, you can understand why that thought might be there—after all, the whole point of such “auto” programs is to take advantage of participant inertia. If participants were too disengaged to elect to enroll in the plan, why try to engage them afterwards?Read more > | |
| Investing | |
| TDFs Going Global | |
| Target-date funds (TDFs) have quickly become a favorite default option within retirement plans. While the overall split among stocks and bonds within a TDF series, the glide path, is a primary driver of results and therefore participant outcomes, what those asset classes are composed of can also impact results and is worthy of consideration, according to a white paper by Portfolio Evaluations Inc. As a number of TDF providers have announced changes to their TDFs’ international stock and bond exposures, it is important for plan sponsors to understand the implications of those changes and how their plan’s TDFs may be affected, says Kathryn Spica, senior investment analyst at Portfolio Evaluations and author of the paper.Read more > | |
| Small Talk | |
ON THIS DATE: In 1803, the U.S. Senate approved the Louisiana Purchase. In 1930, “The Adventures of Sherlock Holmes” debuted on NBC radio. In 1947, Hollywood came under scrutiny as the House Un-American Activities Committee opened hearings into alleged Communist influence within the motion picture industry. In 1979, the John F. Kennedy Library in Boston was dedicated. In 1994, the website WhiteHouse.gov was launched. In 2003, a 40-year-old man went over Niagara Falls without safety devices and survived. He was charged with illegally performing a stunt.
TUESDAY TRIVIA: Sorry, not this week. TRIVIAL PURSUITS: Sorry, not this week. | |
| 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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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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