Reuters - Money

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Tuesday, September 5, 2017

New ETF plans to 'make America great again'

NEW YORK (Reuters) - A planned index fund is hoping to "make America great again" by investing in companies that support the Republican Party.

Fidelity's venture arm launches China-dedicated healthcare fund

SHANGHAI (Reuters) - Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd, launched its first dedicated China healthcare fund on Tuesday, doubling down bets on the country's rapidly growing medical sector.

BMO Global Asset Management makes senior appointment

(Reuters) - BMO Global Asset Management, a unit of BMO Financial Group, appointed Rogier van Harten to the new role of head of institutional distribution & client management for continental Europe.

U.S. stock ETFs attract most cash since June: Lipper

NEW YORK (Reuters) - U.S. fund investors regained their risk appetite during the latest week, draining money market funds and pouring their cash into stocks after six straight weeks of withdrawals.

Shutdown and default threaten U.S. safe-haven status: James Saft

(The opinions expressed here are those of the author, a columnist for Reuters.)

Vanguard withheld support for key Wells Fargo directors: filings

BOSTON (Reuters) - Vanguard Group, one of the world's biggest fund managers, voted against three directors at Wells Fargo & Co this year, including Chairman Stephen Sanger, according to U.S. filings, a rare rebuke from the bank's second-largest shareholder.

If you can't beat 'em: Stockpickers targeting index-provider MSCI

NEW YORK (Reuters) - Stockpickers are jumping into the boom in passive investing by loading up on shares of index-provider MSCI Inc, whose products are the basis for dozens of popular exchange traded funds.

Under investor pressure, Goldman to explain trading strategy

NEW YORK (Reuters) - Goldman Sachs Group Inc will detail plans to turn around performance at its core bond-trading unit next month after unusual pressure from large investors frustrated by vague explanations of its troubles, people familiar with the matter told Reuters.

When should you retire? Consult this checklist of questions

CHICAGO (Reuters) - The question sounds simple, but it is tough to answer: At what age should you retire?

Muni prices stable amid Texas floods, but investors watch for risks

BOSTON/NEW YORK (Reuters) - Longtime municipal finance maven Marilyn Cohen unloaded several million dollars worth of Houston-area utility bonds on Tuesday even though she did not see a high risk to the debt - because a few of her clients were getting nervous.