| In its latest report , the Wells Fargo Investment Institute, an investment research arm of the bank, forecasted that most asset classes will have generally lower returns over the next 10 to 15 years compared to their historical averages. Yet, investors should not ratchet up risk to maintain returns going forward. The institute said U.S. large cap equities, public real estate and U.S. taxable investment grade fixed income were among the classes that will underperform relative to their historic averages. Meanwhile, the firm expects developed market ex-U.S. equities and commodities to outperform their historic averages over the next 10 to 15 years.
African Americans Are Most Optimistic About Their Financial Futures
Research by Lincoln Financial Group showed African Americans are more optimistic about their financial futures than any other race/ethnicity. A study showed 53 percent were expecting significant personal financial improvements within the next five years—despite a pay gap between white and black families, according to the Census Bureau’s 2017 Current Population Survey.
New Energy ETF Takes Oil Magnate's Name
On Tuesday, T. Boone Pickens wrote on Twitter: “I have traded on @NYSE for decades. Now I'll be traded on the exchange. Not many people can make that claim, and it's an honor for me.” Indeed TriLine Index Solutions, an affiliate of BP Capital Fund Advisors, has launched the NYSE Pickens Oil Response ETF (ticker: BOON), which tracks the performance of the NYSE Pickens Oil Response Index. The index is based on Pickens’ plan for American energy and includes traditional energy companies, as well as “energy-intensive” end users of energy. Pickens’ founded BP Capital, his energy hedge fund firm, in 1997, and recently closed his flagship oil fund due to his declining health. FULL ARTICLE | 
