MOST VIEWED FUNDS FROM LAST WEEK
- Ultra Short Duration Income Fund
- Short Duration Bond Fund
- Income Fund
- Growth Opportunities Fund
- Equity Income Fund
- Diversified Income Trust
- Sustainable Leaders Fund
Headlines you need to know this week — February 25, 2020
Millennial wealth lags other generations The Federal Reserve reported in the third quarter of 2019 that Millennials owned 4.6% of total U.S. assets. When GenXers were the same age (in 2002), they held 7.8% of total assets. Baby Boomers, when they were five years older, owned 25% of total U.S. assets. The report noted that the disparity could be the result of student debt, the higher costs of housing, and lower post-recession incomes.
Green investing trend continues The demand for sustainable and ESG (environmental, social, and governance) investing opportunities, in both stocks and bonds, is on the rise worldwide. A recent study noted that 479 green bonds were issued globally last year alone. In a separate study, researchers found that 74% of global investors plan to increase their allocations to ESG ETFs in the next year.
Recruiting the next generation of talent The 2019 FA Insight study found that the average age of financial advisors fell to 49 from 52 in 2018. While the age may be trending lower, the study found that just 4% of new hires are recent college graduates. Tips for attracting the next generation of advisors include establishing a presence at college career fairs and offering internship programs.
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