Active investing back in vogue among retirement advisers, survey shows
U.S. equity index futures green: Nasdaq 100 up ~0.7%
Aug retail sales MM > estimate; ex-Autos MM < estimate
Euro STOXX 600 index up ~0.7%
Dollar, crude up slightly; bitcoin jumps ~3%; gold slips
U.S. 10-Year Treasury yield steady at ~3.62%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
ACTIVE INVESTING BACK IN VOGUE AMONG RETIREMENT ADVISERS, SURVEY SHOWS
Active investing, long shunned by risk-averse investors as a costly way of managing their money, is gradually making a comeback.
Nearly 55% of retirement plan advisers believe active managers can consistently outperform the market, according to a survey from BlackRock BLK.N released on Tuesday.
The debate on active investing has been a familiar one on Wall Street, having previously emerged in the aftermath of the 2008 global financial crisis, which weakened a long-held belief that dynamic management could shield investors from turmoil.
It also boosted the appeal of portfolio diversification and index investing because clients lost faith in the ability of professional fund managers, almost all of whom had failed to predict the crisis.
In the decade that followed, interest rates were low and yields from the S&P 500 .SPX index were elevated, ushering in an era of "set it and forget it.”
That changed after 2022, when the Federal Reserve began the fastest monetary tightening in four decades.
Investors must actively add value and bulletproof their portfolios from risk because "simply owning the market won’t get it done anymore," asset management giant Blackstone BX.N said in a report in November 2023.
Still, costs continue to be a factor. Nearly 71% of retirement plan advisers said cost-effectiveness was the most important factor when choosing their investment vehicles, the BlackRock survey showed.
Active investment strategies are usually costlier than their passive counterparts.
The survey illustrates the efforts advisers are making to boost their clients' retirement income, at a time when higher costs of living and confusion over how much to save has shattered confidence and fueled worries about outliving savings.
Some have called to increase the age of retirement to ease the burden on Social Security, which may struggle to meet its full obligations when younger workers retire.
Such a move could be controversial, however. A similar reform in France last year, which raised the age of retirement to 64 from 62, led to several protests.
The United States has gradually increased the Full Retirement Age - the point when individuals can claim Social Security and receive 100% of the benefits they have earned - to 67 from 65.
But retirees can start claiming retirement benefits as early as age 62.
(Niket Nishant)
*****
FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:
S&P 500 INDEX EYES ITS RECORD HIGHS, GETS SET FOR FED -CLICK HERE
YEN RALLY: SLAM DUNK OR WIDOWMAKER? - CLICK HERE
EUROPEAN CYCLICALS READY TO REBOUND - MORGAN STANLEY - CLICK HERE
EUROPEAN BANKS CHEAP ENOUGH TO ABSORB RATE CUTS - UBS - CLICK HERE
CAN TRUMP WEAKEN THE DOLLAR? - CLICK HERE
STOXX ON THE UP - CLICK HERE
EUROPEAN FUTURES EDGE HIGHER ON FED OPTIMISM - CLICK HERE
YEN'S BIG WEEK BEGINS - CLICK HERE
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
