 | | | | Wealth management clients are increasingly willing to pay for financial advice as their needs evolve, choosing an average of five providers, with one-third switching managers in the past three years, global wealth consultant EY said on Tuesday. | | | | | | Institutional Shareholder Services recommended investors withhold support from three directors at gunmaker Sturm Ruger & Co ahead of its May 8 annual meeting, the top proxy adviser said in a report seen by Reuters on Friday. | | | | | | Borealis Strategic Capital Partners, which invests in new hedge funds, has written its first check to commit capital to Europe-oriented stock fund Vor Capital, two people familiar with the matter said on Friday. | | | | | | Japanese equities sucked in their biggest inflows of cash this week since March 2018 ahead of the Bank of Japan's pledge to keep interest rates at super-low levels for longer - the latest central bank to commit to ultra-loose policy. | | | | | | Investors took a break from their buying binge of risk assets in the week ended Wednesday, as U.S.-based high-yield junk bond funds posted $520 million in cash withdrawals, according to Refinitiv's Lipper research service data on Thursday. | | | | | | The U.S. Treasury Department may float the idea of reducing the issuance of coupon-bearing debt at its upcoming May refunding after the Federal Reserve's decision to end its balance sheet normalization later this year, Bank of America Merrill Lynch analysts said. | | | | | | (The opinions expressed here are those of the author, a columnist for Reuters.) | | | | | | UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday. | | | | | |
