FINSUM

FINSUM

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Harbor has the benefit of sharing thoughts and perspectives with a diverse set of asset management partners around the globe...see the full story on our partner's site

Wednesday, 27 October 2021 08:53

What is Scientific Fixed Income Investing

Science and technology have only recently begun to disrupt the active fixed income asset management industry, as they have so many industries before it...see the full story on our partner's site

Wednesday, 27 October 2021 08:51

Westfield's Approach to ESG Analysis

Over our 30-year history, Westfield has relied on our culture of introspection as we seek to optimize our approach to investing client funds in an ever-changing investment landscape...see the full story on our partner's site

Tuesday, 26 October 2021 20:22

The DOL is Delaying the Fiduciary Rule

The DOL took a very important and surprising step today. Many advisors and the industry more generally has been calling for the DOL to delay their implementation of the Fiduciary Rule, and somewhat amazingly, that is exactly what the agency just did. Referring specifically to the rule that was passed in the final few weeks of the Trump administration, the DOL is delaying implementation until the end of January 2022. Further, it will not enforce several parts of the rule, including the rollover aspect, until June 2022.


FINSUM: So the month extension isn’t that big, but will give some firms more time to get their matters in order. The bigger question is when the new Biden era DOL rule be implemented.

Monday, 25 October 2021 19:28

Biden Concedes on Tax Hikes

President Biden told CNN in a town hall this week that he just doesn’t have the votes to hike corporate taxes. Driving the divide is a substantial share of progressives who won’t allow topline taxes and higher spending bills, who are at odds with Democrats in swing states who are lobbying for the opposite. In order to pass the bill, the President would need 60 senate votes so they can bypass filibustering. They need every Democrat on board for that to happen. The White House has made clear that this is only a compromise on corporate taxes, other tax hikes are still in place. Markets are rejoicing because all the stimulus grease may be good for the economy, and now higher taxes will not eat at all the corporate profits.


FINSUM: This might avoid a lot of unneeded volatility, but other income tax and GAAP earnings taxes could be still be enough to disrupt markets.

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