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| Wealth Adviser |
| If the actions of the world’s largest asset managers are any sign, direct indexing is the next great investment trend. Vanguard announced Tuesday that it was acquiring direct indexing upstart Just Invest. In the past year, BlackRock bought direct indexing specialist Aperio, Morgan Stanley picked up Parametric, Charles Schwab acquired Motif Investing, and Goldman Sachs purchased Folio Financial. But should advisers get on board? Direct indexed portfolios are privately managed accounts that seek to mimic a benchmark. But unlike funds, they can also be customized to suit an individual investor’s particular goals, often to maximize after-tax returns, diversify a high-net-worth investor’s portfolio, or execute a specialized environmental, social, and governance strategy. Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more. |
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| AMC, GameStop Swoon as Meme Stocks Run Out of Air: Shares of companies that have been popular on Reddit forums are coming back to earth this week, with Carver Bancorp and AMC losing roughly a third of their value. |
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| Four out of five institutional investors expect to increase their fixed income exposure of the next three years, with one in six expecting the increase to be "significant," according to a survey by Aviva Investors. Only nine percent of institutional investors expect their exposure to this asset class to fall. The survey names income generation and cash flow matching as primary drivers for increased allocation, but diversification and capital preservation are also important drivers. The survey also shows a growing momentum towards more sustainability in investments, with 81% of institutional investors seeing increased demand for fixed-income products with greater emphasis on environmental, social and governance considerations, Aviva says. ([email protected]) Shortages of heavy-goods drivers caused by the coronavirus pandemic and the U.K.'s EU exit are hitting the haulage industry and U.K. trade, according to official data. The transportation and storage industry had the lowest percentage of businesses currently trading in early July 2021, at 81%--lower than 89% for all industries--, an Office for National Statistics survey between June 28-July 11 showed. The findings come amid media reports of a shortage of lorry drivers, the ONS said. Meanwhile, extra paperwork remained the top problem faced by importers and exporters, the ONS added. "Far from being unwound, red tape appears to be firmly stuck and increased import duties continue to cause a major headache," Hargreaves Lansdown analyst Susannah Streeter says. ([email protected]) |
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| The Airline Recovery Is Too Much Made in the USA: While U.S. carriers are starting to make money again, international travel markets aren’t yet enjoying the much-awaited recovery from the pandemic. Wall Street Opens Back Up to Oil and Gas—But Not for Drilling: Oil-and-gas companies are using cash from debt offerings to shore up balance sheets rather than to boost production. |
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| Tesla Battery Supplier CATL Rides EV Boom to $200 Billion-Plus Valuation: The Chinese company has been boosted by deals with Tesla and others, plus record sales growth at local EV makers. |
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| As U.S. Home Prices Surge, American Buyers Set Their Sights on Europe: With travel opening up to the European Union, second-home markets in countries like Italy, Portugal and Greece have seen an uptick in interest from Americans. |
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| A Guide to Key West’s Unkitschy Side: Author Judy Blume and three other in-the-know locals share their favorite spots—from hidden beaches to roof gardens—well beyond the tourist traps of Florida’s fabled playground. |
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| The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron's, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here (https://www.wsj.com/newsletters) for email delivery. Enjoying this newsletter? Get more from WSJ and support our work with a special subscription offer. |
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