Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 3rd, 2019

2020 Awards Nominations Are Open

Today, PLANSPONSOR has opened the nominating process for the annual PLANSPONSOR Plan Sponsor of the Year and Retirement Plan Adviser of the Year awards. Read more >
Benefits and Administration
New York State Public Retirement Fund Assumed Rate of Return Lowered
“As in years past, we’re taking the responsible action of lowering our assumed rate of return now so we can better weather market volatility,” New York State Comptroller Thomas P. DiNapoli said. Read more >
Products, Deals and People
Retirement Industry People Moves
SageView Advisory adds consultant to Phoenix division; Lockton selects retirement expert for Southeast practice; Prudential Financial announces series of hires and promotions; and more. Read more >
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Plan Sponsors Should Address Financial Squeeze Put on Gen X
Sponsored message from Hooker & Holcombe
Hooker & Holcombe 2019 Municipal Pension & OPEB Report
Puzzled by how your pension & OPEB plans stack up against other municipal plans? Read more >
Economic Events

THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about construction spending for July. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about factory orders for July. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for August.

Market Mirror

Friday, the Dow closed 41.03 points (0.16%) higher at 26,403.28, the NASDAQ decreased 10.51 points (0.13%) to 7,962.88, and the S&P 500 increased 1.88 points (0.06%) to 2,926.46. The Russell 2000 was down 1.88 points (0.13%) at 1,494.84, and the Wilshire 5000 was up 12.36 points (0.04%) at 29,923.43.

 

The prices of the 10-year Treasury note and 30-year Treasury bond were each down 1/32, increasing their yields to 1.503% and 1.968%, respectively.

 

WEEK’S WORTH: For the week ending August 30, the Dow climbed 3.02%, the NASDAQ finished 2.72% higher, and the S&P 500 gained 2.79%. The Russell 2000 was up 2.42%, and the Wilshire 5000 increased 2.64%.

Investing
Mixed TDF Investors’ ‘Sophistication’ May Be Hurting Them
Research explored the allocation decisions of 30,516 mixed target-date fund (TDF) investors to determine which types of investors are more susceptible to mixing TDFs and how they mix them. Read more >
Market Volatility Not the Only Risk for Pre-Retirees and Retirees
Yet, aside from keeping themselves healthy, they need to realize that with increasing longevity, retirees are no longer considered short-term investors. Read more >
Small Talk

ON THIS DATE: In 1783, the Revolutionary War between the U.S. and Great Britain ended with the Treaty of Paris. In 1943, Italy was invaded by the Allied forces during World War II. In 1954, “The Lone Ranger” was heard on radio for the final time after 2,956 episodes over a period of 21 years. In 1967, Nguyen Van Thieu was elected president of South Vietnam under a new constitution.

 

NOTE: Friday’s ON THIS DATE said Thurgood Marshall was confirmed as a Supreme Court Justice in 1965, he was actually confirmed in 1967.

TRIVIAL PURSUITS: From where did the term “cooties” come? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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