CEO Dan Arnold says the pandemic “will create some structural change across the market and the industry.”
Proponents make them a standing core equity holding, but not all advisors are sold. One calls them "marketing schemes."
There is quite a bit of data indicating planners timed the markets poorly during the financial crisis. Let's not make the same mistakes again.
“Stocks and bonds say we’re doomed,” said Chris Rupkey, chief financial economist for MUFG Union Bank.
A flight to safety that saw funds in short-term bonds and utilities add cash as coronavirus dominated headlines has given way to a vigorous rally.