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☆ Eyeing dividend-paying stocks? Don’t rush to pick up the richest yielding names
▼ + stars: | 2023-10-23 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Today's higher interest rate environment drives home the reason why investors should scrutinize stocks offering tempting double-digit yields. Digging beneath the surface Multiple factors may contribute to a stock touting high dividend yields at first blush. First, there are dividend sustainers – companies that have made steady payments for years, including Merck , Johnson & Johnson and Southern Co . Investors who want to hunt dividend payers shouldn't go for the biggest yielders, but instead look for names that are in the second or third quintile among dividend payers, he said. "For many investors, you can get a pretty good dividend play and a good yield through ETFs at a low cost," said Ebersole.

Persons: Bond, Charlie Gaffney, Gaffney, Eaton Vance, Jamie Ebersole, Kim Abmeyer, Morgan Stanley, shouldn't, Ebersole, Morningstar's Bryan Armour, VIG Organizations: Utilities, Morgan Stanley Investment Management, Ebersole, Abmeyer Wealth Management, Investors, Costco Wholesale, Merck, Johnson, Southern Co, Apple, Exxon Mobil, Walmart Locations: Southern

☆ Vanguard sells stake in joint venture with China's Ant
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo Acquire Licensing RightsOct 17 (Reuters) - U.S. mutual fund issuer Vanguard Group said on Tuesday it had sold its stake in a joint venture with Chinese fintech giant Ant Group, hastening its retreat from the world's second-biggest economy. Vanguard said it will prioritize regions where it offers its own investment products and services. Its 49% stake in the venture, a digital investment advisory service, has been sold to Ant. A Reuters report in March said Vanguard was mulling a retreat from China after a six-year presence in the country.

Persons: Aly, Niket, Anil D'Silva Organizations: Ant Group, REUTERS, Vanguard, Ant, BlackRock, Fidelity, Reuters, Bloomberg News, Thomson Locations: Alibaba, Hangzhou, Zhejiang province, China, Washington, Beijing, Taiwan, Bengaluru

☆ Capitalize on once-in-a-generation opportunities in the bond market by making these 5 moves now, according to 6 leading fixed income strategists
▼ + stars: | 2023-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Yahoo FinanceHowever, six leading fixed income investors are confident that the pain won't last much longer. Michele continued: "I've been doing this since 1981, so I've seen a decade of double-digit bond yields with disinflation. Alex Petrone, the director of fixed income at Rockefeller Asset Management, agreed that it's too soon to write off a recession. Nailing timing helps maximize returns, though fixed income experts said that's difficult because the Fed's policy decisions are unpredictable. Buying Treasuries and municipal coupons on both the long and short ends of the curve are how she recommends playing fixed income.

Persons: Jonathan Mondillo, you've, Bob Michele, Michele, I've, we'll, Federal Reserve —, Robert Robis, Robis, Alex Petrone, it's, Petrone, Mary Daly, David Schiffman, Roger Aliaga, Diaz, Aliaga, Mondillo, Schiffman Organizations: Yahoo Finance, JPMorgan Asset Management, isn't, Federal Reserve, BCA Research, Rockefeller Asset Management, Fed, San Francisco Fed, Aquila Investment Management, Vanguard's Investment, Investment Locations: Scotland, bottoming, Abrdn, Aquila, Treasuries, CCC

☆ Asia-Pacific stocks rise after U.S. Treasury yields pull back from 16-year highs
▼ + stars: | 2023-10-05 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Tuesday's run-up in bond yields spooked investors, but the move is a side effect of markets transitioning to the new reality of higher interest rates, said Roger Aliaga-Diaz, global head of portfolio construction in Vanguard's investment strategy group. More than a year into the Federal Reserve's policy tightening campaign, interest rates are likely to settle at a higher point compared to the pre-pandemic era, he said. "The neutral policy rate is now higher on a permanent basis, perhaps 3.5% or 4%, and that gives you a higher floor for the 10-year bond compared to previous years," Aliaga-Diaz told CNBC. "One it's very painful on the front end because things are resetting to these higher rates," he said. "It could be because of uncertainty and volatility that you can see higher 4 and even 5%," he said, regarding the 10-year Treasury yield.

Persons: Tuesday's, Roger Aliaga, Diaz, Aliaga, there's, Darla Mercado Organizations: Federal, CNBC

☆ Baby boomers are often said to be the luckiest generation financially — but millennials will be better off than their parents in retirement, survey finds
▼ + stars: | 2023-10-05 | by ( Grace Dean | Read More | Read Less | ) www.businessinsider.com time to read: +3 min

Millennials' retirement prospectives are rosier than boomers, according to research from Vanguard. Gen Xers and older millennials are set to replace a bigger proportion of their pre-retirement income. "For most income cohorts, millennials and Generation X enjoy a brighter retirement outlook than boomers," it said in a new report. "Our retirement outlook for Generation X and millennials is modestly better." For Gen Xers, this is 52% of their pre-retirement income, while for early millennials its 58%.

Persons: Millennials, Gen Xers, —, Xers, George W, Bush Organizations: Vanguard, Service

☆ Bonds are selling off as stocks tumble. Here’s what it means for 60/40 portfolios
▼ + stars: | 2023-10-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The 60/40 portfolio wasn't spared, either: The iShares Core Growth Allocation ETF (AOR) , which has a 60/40 split, is facing declines from both asset classes. AOR YTD line AOR's performance year to date The slump harkened back to 2022, when equities fell alongside bonds. "We don't see rates going back to the pre-Covid levels," he said. "[I]nvestors still hate bonds at these levels — rates we would've dreamed of two years ago," said duQuesnay. Vanguard's Aliaga-Diaz noted that the 60/40 portfolio will average 6% on a 10-year forward-looking basis, so there are bound to be tumultuous times and periods of strong performance.

Persons: —, wasn't, They're, Blair duQuesnay, Roger Aliaga, Diaz, Aliaga, duQuesnay, DuQuesnay, Joe Kalish, Ned Davis Organizations: Treasury, Dow Jones, Ritholtz Wealth Management, Vanguard, Fed, Ned Davis Research

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 9 experts say it's going to happen.
▼ + stars: | 2023-09-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are nine projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementAdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. AdvertisementAdvertisementFebruaryOn August 31, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: Bob Michele, J.P, —, we'll, Preston Caldwell, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Bloomberg Television, Morgan Asset, Morningstar, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: Wall, Silicon, North America's

The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed 2.3% of nonfarm payroll workers quit their jobs in July, down from a rate as high as 3% during the pandemic-driven "Great Resignation." The hiring rate last month hit its lowest point since April 2020. The JOLTS data for July "are moderating back to either pre-pandemic levels or levels that we have not seen in quite some time. Because the 401(k) data tends to capture higher-paying jobs, slowed hiring in that cohort could be particularly relevant to the Fed's inflation outlook. Data later this week will provide an updated view on inflation as well as for hiring and wages in August.

Persons: Fiona Greig, Greig, Christopher Waller, Beveridge, Oren Klachkin, Howard Schneider, Dan Burns, Paul Simao Organizations: Labor, Reuters, Vanguard, Reuters Graphics Reuters, Conference, Fed, Nationwide, Thomson Locations: U.S, joblessness

☆ Vanguard joins BlackRock, cuts support for shareholder items on climate, social issues
▼ + stars: | 2023-08-28 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

The logo for Vanguard is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. Support for shareholder resolutions calling for such steps has declined at U.S. companies this year, with top asset manager BlackRock saying it backed the mostly-advisory measures just 7% of the time, down from 22% last year. Like BlackRock, Vanguard noted new securities regulations that make it harder for companies to leave questions off their ballots. In a note on its website, Vanguard also said many resolutions sought changes that might not be needed. Like BlackRock, Vanguard did not address how the criticism may have shaped votes this year but said its approach to evaluating shareholder proposals "has been consistent over time."

Persons: Brendan McDermid, Ross Kerber, Diane Craft Organizations: Vanguard, New York Stock Exchange, REUTERS, U.S, BlackRock, Thomson Locations: New York City, U.S, Pennsylvania, BlackRock

☆ How 401(k)s could be impacted by Vanguard's share class patent expiration
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow 401(k)s could be impacted by Vanguard's share class patent expirationGerard O'Reilly, Dimensional Fund Advisors co-CEO, joins 'Halftime Report' to discuss Vanguard's share class patent expiration, questions around whether the SEC will renew Vanguard's patent, benefits of fusing brokerage funds with a share class between mutual funds and ETFs.

Persons: Gerard O'Reilly Organizations: Dimensional Fund Advisors, SEC

☆ A fashion designer who retired at 36 after investing in stocks shares the 3 funds she holds and the 4th she's now aggressively buying that's up by over 580% since inception.
▼ + stars: | 2023-08-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Rachel Covert aggressively invested for seven years to build a retirement portfolio. Her large salary and aggressive budgeting allowed her to build an almost half-a-million-dollar retirement portfolio, according to financial statements viewed by Insider. For this reason, the majority of her retirement portfolio sits in the Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). This was the best choice for an aggressive growth fund. Her goal was to increase her exposure to more volatile technology growth stocks.

Persons: Rachel Covert, Roth, Covert, I'm, Investopedia Organizations: Vanguard, Market Locations: New York, Portugal, QQQ

☆ Big US asset managers cool on climate issues -think tank
▼ + stars: | 2023-08-01 | by ( Isla Binnie | ) www.reuters.com time to read: +3 min

Focusing on the world's four largest asset managers, InfluenceMap said Vanguard and Fidelity Investments supported 4.5% and 4.8% respectively of resolutions the think tank describes as "climate-relevant" in 2022. BlackRock (BLK.N) voted for 12% and State Street (STT.N) 15%, the researchers said. In response to the report, State Street said it would continue to engage with companies on material risks and opportunities. InfluenceMap program manager Daan Van Acker mentioned Vanguard's decision to leave a major industry initiative aimed at tackling climate change last year. "This example and others, like the asset managers' drop in climate resolution support, do raise serious questions around the managers' net-zero commitments in the context of the current political climate," he said.

Persons: Brendan McDermid, InfluenceMap, BLK.N, BlackRock, Daan Van Acker, Isla Binnie, Gerry Doyle Organizations: Vanguard, New York Stock Exchange, REUTERS, Paris, Republican, Fidelity Investments, BlackRock, Fidelity, Thomson Locations: New York City, U.S

☆ Big US asset managers cool on climate issues, think tank says
▼ + stars: | 2023-08-01 | by ( Isla Binnie | ) www.reuters.com time to read: +3 min

☆ Americans are about to start losing their jobs - and that will scupper the Fed's dream no-recession scenario, Vanguard top economist says
▼ + stars: | 2023-07-31 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The Federal Reserve said last week that it no longer expects a recession in the US. But unemployment will spike above 4% over the next year, according to Vanguard's top economist Joe Davis. "By that metric, it actually is a recession – because you have very modest job losses," he said. "Well, historically, that has been 100% associated with a recession – now, not necessarily deep in magnitude, but a recession." The central bank has raised interest rates from near-zero to over 5% since March 2022 in a bid to tame soaring prices but pledged to take a data-dependent approach to tightening last week.

Persons: Joe Davis, Davis, Bloomberg's, they'll, there'll Organizations: Federal Reserve, Service, Privacy, Fed, Bloomberg Locations: Wall, Silicon

☆ Investors can get a 7% yield with this 'hidden gem' bond fund
▼ + stars: | 2023-06-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Vanguard's Emerging Markets Bond fund (VEMBX) is a "hidden gem" and Vanguard's best foreign bond fund, according to Jeff DeMaso, founder and editor of the newsletter "The Independent Vanguard Adviser." "It's a well-run emerging markets bond fund that has topped its index (and the Morningstar peer group)," DeMaso said. The actively managed fund was up 43% from April 2016 through May 2023, compared with an 11% return for Vanguard's Emerging Markets Government Bond Index Fund (VGAVX) during the same time frame, according to DeMaso's calculations. The VGAVX seeks to track the performance of the Bloomberg USD Emerging Markets Government RIC Capped Index. Not only does VEMBX fly under the radar, but it has a stellar portfolio manager in Daniel Shaykevich, DeMaso said.

Persons: Jeff DeMaso, Morningstar, DeMaso, Daniel Shaykevich, Shaykevich Organizations: Vanguard's, Independent Vanguard, SEC, Morningstar, Vanguard's Emerging, Government, Index, Bloomberg, Markets Government RIC, Vanguard, BlackRock Locations: United States, Peru, Saudi Arabia, Columbia, Persian, Saharan Africa

☆ This tax-exempt fund with a yield surpassing 4% is 'one of the best,' Morningstar says
▼ + stars: | 2023-06-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The fund invests at least 80% of its assets in investment-grade municipal bonds, and only up to 20% in those below investment grade. Municipal bonds are issued by government entities, such as a city or state, and raise money for public projects, such as building roads or schools. VWAHX 1Y mountain Vanguard High-Yield Tax-Exempt fund The fund, which trades under the ticker VWAHX, currently has a 30-day SEC yield exceeding 4%. "We are not risk averse, but we are very opportunistic about how we apply our risk," Kiselak explained. Opportunity in health care Health-care muni bonds make up about 15% of the fund, Kiselak said.

Persons: Morningstar, Mat Kiselak, —, Bond, Elizabeth Templeton, VWAHX, Kiselak, Jeff DeMaso, DeMaso, He's Organizations: SEC, Morningstar ., Vanguard, Independent Vanguard, Puerto Locations: Puerto Rico

☆ The co-leader of an AI-driven quant fund shares 2 stocks his model is betting the most on right now — and a simple way individual investors can use AI technology to pick stocks
▼ + stars: | 2023-06-22 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

An easy way to harness the power of AI quant models is to look at top holdings of ETFs, he said. But it's a tall task for individual investors — let alone institutions — to develop AI models for stock picking, Oh said. Oh said that the Qraft's momentum fund's top two holdings right now are Amazon (AMZN) and Meta (META). While it was the model that picked Amazon and Meta, Oh said they're solid fundamental plays. As for Meta, Oh said it's well-positioned for the AI boom as is one of the leaders in the space.

Persons: Francis Oh, —, ChatGPT, I'm, Google's Bard, Oh Organizations: Vanguard's Hong, Qraft Technologies, Apple, Nvidia, AI, Equity, BTD, Fund, Vertex Pharmaceuticals, Gamestop, Dow, Industrial, SolarEdge Technologies, Dow Inc, Enphase Energy, Meta Locations: Asia, Pacific, Vanguard's, Vanguard's Hong Kong

☆ The year is half over. Here are three considerations to make sure your portfolio is on track
▼ + stars: | 2023-06-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Rebalance your portfolio Tech's remarkable bounce in 2023 could result in a significant portfolio tilt toward that sector — and an overconcentration that could hurt in the event there's a downturn. That means it's time to trim down a few of those oversized positions and make sure your asset allocation is properly reflecting your goals. Check in with cash Cash is another asset that requires your attention, especially in an era when investors have a host of options of where keep those funds. Cash you don't need for many years can go right back into your stock portfolio so you can keep ahead of inflation, Pearce said. "Make sure you have an appropriate amount of cash, and make sure you're not sitting on an enormous pile of cash that's doing nothing," he added.

Persons: Jorrell Bland, Josh Brown, Tony Roth, haven't, Wilmington Trust's Roth, Roth, Cash, Jerrod Pearce, Goldman Sachs, Marcus, Pearce, — CNBC's Michael Bloom Organizations: Nasdaq, Federal Reserve, Mitlin, Ritholtz Wealth Management, Wilmington Trust Investment Advisors, JPMorgan Equity, Wilmington, Creative Planning, Bread, Bread Financial, Citizens Financial, Treasury Locations: Wilmington, Treasurys

☆ I'm the head of talent acquisition at Vanguard. Here are the 3 things I look for in candidates and my favorite interview question to ask.
▼ + stars: | 2023-06-05 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

Tiffany Haley is the head of global talent acquisition at Vanguard. Haley's favorite interview question to ask is "What do you want to give to this role?" This as-told-to essay is based on a conversation with Tiffany Haley, head of global talent acquisition at Vanguard from Malvern, Pennsylvania about how to get a job at Vanguard. In my role leading Vanguard's global talent acquisition, I'm always blown away by the number of applications we receive. For example, we often interview candidates for our information technology division who might not be fully versed in all of the technologies Vanguard uses to power our business.

Persons: Tiffany Haley, It's, I'm, We're, we've, you've, I've, —, Jenna Gyimesi Organizations: Vanguard Locations: Malvern , Pennsylvania

☆ Time is running out to repay Covid-era 401(k), IRA withdrawals — and claim a tax refund
▼ + stars: | 2023-06-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Hundreds of thousands took distributionsData suggests hundreds of thousands of people took coronavirus-related distributions — and that few have repaid it. Nearly 6% of investors in workplace retirement plans took a CRD in 2020, according to internal administrative data from Vanguard Group. That amounts to about 268,000 people out of 4.7 million retirement investors for whom Vanguard provided administrative services that year. Amended return necessary to claim refundInvestors who repay all or part of their CRD by the three-year deadline must file an amended tax return to claim a tax refund, according to the IRS. This person would have to file an amended tax return for each year.

Persons: Sean Deviney, Deviney Organizations: Vanguard Group, Vanguard, IRS, Investors Locations: Fort Lauderdale , Florida

☆ Get paid for doing nothing: What you should know about cash sweep accounts
▼ + stars: | 2023-05-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Doing nothing pays these days — at least that's the case if you're talking about cash that's sitting in your brokerage account. Consider Fidelity Investments is offering a 2.6% APY on its cash management account, but LPL Financial pays 0.45% on its insured cash account for clients with $300,000 to $500,000 in household value. First, examine your goals for the money before you shop around for cash sweep rates. Finally, if you do pile cash into your sweep account, think about the tax implications of doing so. Some firms offer different options for investing your cash sweep account, including a municipal money market fund for investors who reside in high-tax states.

☆ How to invest in the S&P 500 — a guide to the funds that mimic the influential index's makeup and moves
▼ + stars: | 2023-05-15 | by ( Martin Daks | ) www.businessinsider.com time to read: +17 min

After tracking the S&P 500 from 1965 to 2021, Berkshire Hathaway found the compound annual gain in the S&P 500 was 10.5%. In the case of S&P 500 index funds, the stocks are those of the companies listed in the S&P 500. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. The diversified, passive approach of S&P 500 funds — like most index funds — means an investor's downside is generally limited.

May 8 (Reuters) - Vanguard Group, the largest provider of mutual funds, has secured regulatory approval to continue to own big stakes in U.S. power utilities, overcoming Republican concerns over its environmental, social and governance (ESG) policies. Regulators had previously allowed Vanguard to exceed that antitrust limit on the basis that this would not interfere with the utilities' operations. Vanguard countered that its funds do not exert control over the decisions of the utilities. Vanguard reiterated in a statement on Monday that it leaves "management decisions to companies and policy decisions to policymakers." A representative for Indiana Attorney General Todd Rokita, one of the leaders of the group challenging the FERC extension, said he would comment in coming days.

☆ Global issuance of mortgage-backed securities falls to a 23-year low
▼ + stars: | 2023-05-04 | by ( Patturaja Murugaboopathy | ) www.reuters.com time to read: +3 min

May 4 (Reuters) - The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first four months of this year, highlighting the turmoil in the real estate sector as higher mortgage rates hit property sales and refinancing. According to Refinitiv data, global MBS issuance stood at $100 billion in the first four months of this year, the lowest since 2000. Reuters GraphicsThe property sector, often a leading indicator for other economic activity, has seen a slump this year due to a spike in mortgage rates as global central banks increased interest rates to tame inflation. MBS consist of pools of home loans and other real estate debt and typically carry higher yields than U.S. Treasuries. The refinancing of existing mortgages may also be affected, as there may be fewer lenders available to refinance existing loans leading to private lenders and higher rates."

"Climate change is an existential risk and a risk to investor returns," said John Galloway, who oversees the Pennsylvania firm's engagement and proxy voting at portfolio companies, in an interview by teleconference. Galloway said in practice the proposal, which won 42% support, would have required a wholesale change to Valero's business, a decision best left to the board. "A proposal that’s asking a company to make a change that’s changing its strategy is not a proposal we're likely to support," Galloway said. U.S. Republican politicians applauded the move as responsive to their efforts to counter many companies' treatment of environmental, social and governance (ESG) matters. Galloway said the decision was driven with an eye on the varied views of its largely retail client base.

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