ETF

Markets have dealt with serious whiplash from the Federal Reserve’s dramatic policy pivot this year. In just six months, the Fed funds futures market went from pricing in two rate cuts totaling 50 basis points to now pricing in two rate hikes in 2026.

The Federal Reserve hiked rates, and we expect there are more to come. With a hawkish Fed and a resilient economy, long-term yields may stay elevated.

Federal Reserve (Fed) chair Kevin Warsh has established his hawkish credentials. Franklin Templeton CIO, Sonal Desai sees scope for further yield curve steepening and a range of selective opportunities, based on capturing income and focusing on quality rather than counting on lower rates or tighter spreads.

It wasn’t that long ago that Kevin Warsh’s leading critics were saying his biggest problem was that he wasn’t “independent” from President Trump, that if Trump told him to “jump” he’d ask “how high?” Or, in this particular situation, “how low should interest rates go?”

The Federal Reserve delivered the 25-basis-point increase the markets had largely anticipated, but the overall message was somewhat more hawkish than expected. The decision was unanimous, and the new dot plot points to another rate increase this year. Four participants apparently see the possibility of raising rates at each remaining meeting, so there is clearly a meaningful hawkish contingent on the FOMC.

Every runner has a natural pace: the speed that we maintain under optimal conditions like flat terrain, cool temperatures and a good night of sleep. Runners can train to speed up to meet a target time, or slow down for endurance.

Some economists and market participants view inflation as one of the most important economic indicators. Market participants spend a lot of time worrying about a lot of things, but inflation is pretty close to the top of the list most of the time.

Dividend growth is back, and it’s fair to say that outperformance among dividend growth stocks may simply be overdue amid a shift in U.S. equity market leadership beyond a small group of mega-cap technology companies.

Share buybacks are when a company purchases its own shares, reducing the total number of shares on the market. Oftentimes, these buybacks occur on the open market, but companies may also look to buy shares from existing shareholders as well.

Goldman Sachs Asset Management launched two new ETFs Monday, expanding exposure to emerging and international equities. The ETF duo includes the Goldman Sachs Data Enhanced Emerging Markets Equity ETF (GEMQ) and the Goldman Sachs Data Enhanced International Equity ETF (GIEQ). That pair joins an ETF landscape in which those segments are seeing growing interest.

Early this week, I was in Los Angeles at the All-In Summit along with about 4,000 others, including tech investors, money managers and entrepreneurs. The ticket wasn’t cheap, but it was well worth it.

Chris Galipeau and Taylor Topousis discuss high-conviction insights that go beyond media headlines.

In August, a flurry of ETF-related deals were announced and expected to close by early 2027. Goldman Sachs is buying NEOS Investments. T. Rowe Price plans to add F/M Investments. Victory Capital is acquiring First Eagle.

I typically avoid business books when I am on vacation. But I made an exception during our sojourn last month for Andrew Ross Sorkin’s 1929. Nearly a century after the Great Crash, that era is still being studied for lessons that might be relevant in the current day. The potential for financial instability is ever-present.

The Federal Reserve increased rates by 25 basis points this week, a remarkable turnaround with major implications for portfolios of all kinds; one underexamined impacted area may be annuities.

Throughout this Indexing Redefined series, we explored how traditional market-capitalization indexing ties portfolio weights directly to stock prices, creating hidden concentration risks. Furthermore, we discussed how fundamental indexing offers a disciplined alternative by weighting companies according to their real-world economic footprint. In this final installment, we address the dilemma investors face in highly concentrated equity markets.

This month, our experts discuss how Federal Reserve tightening has historically affected the markets; whether European stocks might be worth a second look; and the news from the most recent Federal Open Market Committee (FOMC) meeting. We provide the supporting documentation for all claims summarized below in the linked articles.

Catherine LeGraw and B.J. Brannan of GMO's Asset Allocation team discussed the role of liquid alternative strategies in today's investment landscape. 

Throughout this Indexing Redefined series, we explored how traditional market-capitalization indexing ties portfolio weights directly to stock prices, creating hidden concentration risks.

Advisors outsourcing at least 20% of assets reported saving 9.1 hours per week, or approximately 473 hours annually. WisdomTree research found 90% of investors welcomed third-party model portfolios, suggesting clients may be more comfortable with outside expertise than advisors expect.

We are never going to get rid of the FOMC for political and practical reasons. For those of us who would like to see the market set rates without an FOMC intervening, this is as good as it’s going to get.

Janus Henderson Investors today announced two senior investment appointments that will further deepen the firm’s leadership across its global equities franchise.

The Federal Reserve (Fed) made something clear this week that markets had been reluctant to accept. Apparently, the easing cycle isn't paused, it's over for now.

Open any market commentary today and the conversation is dominated by giants. Mega-cap technology companies command outsized shares of major indexes, and the private markets tell a similar story, as we watch companies increasingly staying private well past the point where they once would have gone public.

In an environment marked by the Fed’s first rate hike in three years and ongoing market uncertainty, income-focused investors face a unique dilemma. While cash alternatives offer attractive yields in the short-term horizon, they leave portfolios vulnerable to reinvestment risk should the

As ETF strategies continue to expand into new asset classes and structures, the SEC has been taking a closer look at how some of these products fit within existing regulations.

For decades, equity investors have relied on a foundational promise from Corporate America: the continuous return of surplus cash. Dividends and share repurchases represent the two primary ways by which companies deliver tangible value back to shareholders. Yet as we navigate the final stretch of the third quarter of 2026, both channels are signaling a distinct shift toward restraint.

The new investment case for global power, security and affordability. The phrase “energy transition” has served as a useful political and cultural shorthand, but it has become a misleading framework for capital allocation. Franklin Templeton Institute explodes new opportunities for investors—and where shifts in thinking may be needed.

The U.S. Federal Reserve delivered on consensus expectations by raising its policy rate by 25 basis points (bps) at its September meeting.

A rising S&P 500® might suggest few opportunities for tax-loss harvesting. But unusually wide dispersion among individual stocks is telling a different story—and potentially creating new opportunities for direct indexing.

Municipal bonds might still offer attractive tax-advantaged income and relatively stable credit quality for investors who understand the risks.

The 2026 U.S. midterms are rapidly approaching, with major implications. Muni bonds, in particular, may be impacted.

ETFs are increasingly breaking down the wall between public and private markets. Asset managers are finding ways to “ETF-ize” private equity and pre-IPO holdings — giving retail investors liquid, fractional access to growth opportunities historically restricted to institutional and accredited buyers. As companies stay private longer, the most explosive growth phases of high-profile startups often occur off public exchanges.

The shortened Labor Day trading week brought little cheer for stock and bond investors. Coming off a long weekend that saw increased hostilities between the US and Iran, oil prices pushed higher, topping $100/barrel. Gas and diesel prices also spiked: diesel hit an all-time high of $6/gallon, while regular gas jumped to a Labor Day record of $4.15/gallon.

Advancements in technology, combined with significant stock market gains in recent years, have created a new set of opportunities—and challenges—for investors. For example, investors holding a concentrated position in a highly appreciated stock may face a difficult trade-off between the risk of a market downturn and the potentially significant tax cost of diversifying the position.

When it comes to personal finance, conventional wisdom says the best way to live is debt-free. There are many important reasons why this is tried and true, but for high-net-worth individuals, lending can be an optimal way to access cash in the near term without sacrificing long-term gains on your assets.

Fed policymakers unanimously voted to raise rates 25 basis points, the first hike since 2023, and vowed to fight inflation. Another hike is seen this year, but 2027 is in question.

Most people have had that moment when they’re walking along outside, enjoying a sunny day, and suddenly something long and twisty on the ground catches their eye. Before they even know what’s happening, their whole body jumps and their brain shouts, “Snake!”

The Federal Open Market Committee (FOMC) decided to raise rates by a quarter-point, bringing the new fed funds trading range to 3.75%–4.00%. The money and bond markets had been pricing in a potential rate hike at this gathering, and Warsh & Co. ultimately determined that such a move was warranted. That said, the ‘rate hike’ story does not end here.

Janus Henderson launched a new international equity ETF on Wednesday, according to a Janus Henderson press release. The Janus Henderson International Core Alpha ETF (JINT) seeks long-term growth of capital across developed markets outside the U.S.

Last December we published Riding the Wave: The Anatomy of Booms & Bubbles. In it, we argued that the AI spending boom would continue through 2026 without tipping into ‘bubble’ mania, and that the right posture was to stay overweight stocks while favoring US assets. Nine months on, we think that call has aged well.

Single-stock leveraged ETFs were unusual when they first arrived in the U.S. market just four years ago. Today, it might be hard to find a stock without one. Issuers are aggressively pushing beyond megacap tech into niche equities, pre-IPO registrations, and even experimenting with leverage levels and frequency.

With so much attention focused on what the Fed might do at its policy meeting this week, it’s a good time to look back at history to get a sense of how stocks might respond should policymakers hike rates as the market now expects. LPL Research had been characterizing the rate decision as a coin flip until Fed Chair Kevin Warsh’s hawkish comments at the Jackson Hole meeting and the strong August jobs report.

The Consumer Price Index (CPI) data for August was generally in line with expectations. However, a slightly hotter-than-expected core CPI reading buoyed expectations of a rate hike at the Federal Reserve meeting in September.

The August employment report was much stronger than expected and reinforces my view that the U.S. economy remains remarkably resilient. Payrolls increased by 162,000, above every estimate, while revisions added another 55,000 jobs to the previous two months.

AI-driven healthcare innovation is creating strong investment opportunities by improving efficiency, expanding access, and delivering better patient outcomes.

Discover how autocallables provide steady income and downside risk protection in volatile markets, and how autocallable ETFs can help.