Bhinneka News Online: Stockpicking mutual fund managers try new bet: themselves

Wednesday, 20 September 2017

Stockpicking mutual fund managers try new bet: themselves

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Wednesday, September 20, 2017

Stockpicking mutual fund managers try new bet: themselves

NEW YORK (Reuters) - Active mutual fund managers are decreasing the use of passive exchange-traded funds in their portfolios, a shift that leaves more of their performance numbers up to their own investment picks.

Wells Fargo's lone outsider aims to clean up bank's reputation

NEW YORK (Reuters) - Before a sales scandal upended its reputation, Wells Fargo & Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers.

College savings in 529 plans may be worth less than hoped

CHICAGO (Reuters) - Parents who are counting on savings in 529 plans to pay for college this year or next could be in for an unpleasant surprise.

Getting your kid to bank summer earnings

NEW YORK (Reuters) - Linda Rogers' father set her up for retirement when she was just a teenager.

U.S. watchdog settled for small fine over Wells Fargo phony accounts: report

WASHINGTON (Reuters) - A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday.

Vanguard asks passive investors to pay attention for proxy vote

BOSTON (Reuters) - Vanguard Group needs its hands-off investor base to pay attention.

White House weighs abandoning estate tax repeal in Republican tax push

WASHINGTON (Reuters) - The Trump administration may abandon its promise to repeal the U.S. estate tax on inherited assets in an effort to make a still-evolving Republican tax cut framework more politically feasible, according to sources familiar with the deliberations.

Allstate CEO calls for revamping U.S. flood insurance system

NEW YORK (Reuters) - Allstate Corp's Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood insurance program, calling for a more streamlined system that does not overburden taxpayers.

Jefferies' profit rises on healthy M&A, debt and equity deals

(Reuters) - U.S. investment bank Jefferies Group LLC's third-quarter profit more than doubled as it earned more from advising on debt and equity offerings as well as mergers and acquisitions.

Sale of ex-Trump aide Scaramucci's SkyBridge on track: executive

BOSTON (Reuters) - The sale of former White House communications director Anthony Scaramucci's SkyBridge Capital LLC hedge fund investment firm to a consortium that includes a Chinese buyer is still on track, with the closing date expected in late September, the firm's chief investment officer said on Monday.