分组1 - The Federal Reserve cut interest rates on December 10, indicating a potential slowdown in further cuts, with three board members voting against the cut, reflecting a split in economic outlook [1] - Chairman Jerome Powell noted that tariffs are contributing to higher inflation, which is making the Fed cautious about future rate cuts, despite President Trump's push for lower rates [1] - The most likely scenario includes one more interest rate cut in 2026 and another in 2027 [1] 分组2 - Investors are anticipating a prolonged low-rate environment, leading to increased interest in income investments, particularly high-yield exchange-traded funds (ETFs) [2] - High-yield ETFs are seen as low-cost, diversified options for investors seeking dividend income [6] 分组3 - Schwab U.S. Dividend Equity ETF (SCHD) aims to track the Dow Jones U.S. Dividend 100 Index, focusing on high-dividend U.S. stocks with strong fundamentals [3] - State Street SPDR S&P Dividend ETF (SDY) corresponds to the S&P High Yield Dividend Aristocrats Index, targeting companies with at least 20 consecutive years of dividend increases [4] - PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) seeks to provide returns in line with the BofA Merrill Lynch 0-5 Year US High Yield Constrained Index, focusing on short maturity corporate bonds [5] 分组4 - Year-to-date return for SCHD is 1.59%, with a net asset value (NAV) of $27.68, an expense ratio of 0.06%, and assets under management of $72 billion [7] - Year-to-date return for SDY is 7.06%, with a NAV of $141.39, an expense ratio of 0.35%, and assets under management of $20.2 billion [8] - Year-to-date return for HYS is 0.6%, with a NAV of $94.87, an expense ratio of 0.56%, and assets under management of $1.5 billion [9]

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New York Life Investments launched a new actively managed municipal bond ETF, designed to serve those investors wanting to attain higher levels of tax-exempt income with interest rates near record highs. • What’s ahead for MMCA stock?The company launched the NYLI MacKay Muni Allocation ETF (NYSE:MMMA) , a strategy that combines a core allocation to predominantly long-duration, investment-grade municipal bonds with a tactical sleeve in high-yield munis. The strategy is designed to balance income generation ...

Core Insights - An actively managed bond fund from SS&C ALPS Advisors has seen nearly $1 billion in net inflows over the past year, indicating a shift in investor strategy towards security selection over passive index tracking [1] - Major financial institutions, including Charles Schwab and Morgan Stanley, predict that 2026 will experience steepening yield curves and widening investment-grade credit spreads, creating opportunities for active bond managers [2][4] - The ALPS Smith Core Plus Bond ETF (SMTH) has grown to $2.3 billion in assets, with net inflows of $951.05 million over the past 12 months, reflecting strong investor interest [2][3] Performance Metrics - SMTH has posted a year-to-date return of 6.52%, slightly outperforming the category average of 6.45%, and a trailing 12-month return of 5.95%, compared to the category average of 5.93% [3] - The fund charges a 0.59% expense ratio and currently offers a 4.19% 30-day SEC yield [3] Investment Strategies - According to Charles Schwab, actively managed portfolios can achieve additional returns through "carry" and "roll" strategies when yield curves steepen, contrasting with passive strategies that may face increased volatility [4] - "Carry" involves selling shorter-term bonds with lower yields and reinvesting in longer-term bonds to capture yield differences, while "roll" refers to managing a portfolio's duration to realize capital gains as bonds move along the yield curve [5] Market Outlook - Morgan Stanley analysts anticipate widening investment-grade spreads as technology companies issue debt for artificial intelligence infrastructure, with less than 20% of an expected $3 trillion in data center-related capital expenditures deployed to date [6] - The fund's investment strategy includes a mix of corporate bonds, government securities, securitized debt, and preferred stock, emphasizing dynamic portfolio positioning and allocation flexibility [7]

Core Insights - Goldman Sachs Asset Management and T. Rowe Price Group have launched their first co-branded model portfolios, marking the beginning of their strategic alliance announced in September 2025 [1][6] Group 1: Portfolio Details - The co-branded model portfolios are available through GeoWealth's unified managed account platform, enabling Registered Investment Advisors to offer diversified portfolios within a single account [2] - Four portfolios currently available include the "Goldman Sachs T. Rowe Price Dynamic ETF Portfolio," "Tax-Aware Dynamic ETF Portfolio," "Dynamic Hybrid Portfolio," and "Tax-Aware Dynamic Hybrid Portfolio," targeting mass-affluent and high-net-worth clients [3] - A fifth model portfolio, "Goldman Sachs T. Rowe Price High Net Worth Portfolio," is set to launch in the first half of 2026, specifically designed for high-net-worth investors [4] Group 2: Strategic Collaboration - The collaboration follows Goldman Sachs' $1 billion strategic investment in T. Rowe Price, aimed at developing new investment products and expanding wealth-channel offerings [6] - The partnership combines Goldman's Multi-Asset Solutions team expertise with T. Rowe Price's retirement and wealth management capabilities, providing advisors with coordinated support from over 200 wholesalers and dedicated model specialists [5] Group 3: Performance Metrics - Over the past six months, shares of Goldman Sachs and T. Rowe Price have increased by 42.4% and 13.1%, respectively, outperforming the industry growth of 25% [8]

Core Insights - The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) offers a high monthly income stream, with a current yield of 11.5% as of November 30 [3][9] - Covered call ETFs, like JEPQ, can provide yields of 10% or higher, appealing to income-focused investors [2] - JEPQ utilizes equity-linked notes (ELNs) instead of traditional stocks, which introduces unique risks but allows for high yields [6][7] Investment Mechanics - JEPQ generates income by writing call options against its holdings, which can lead to significant income from a modest investment [4][12] - A $10,000 investment in JEPQ could potentially yield over $1,000 annually based on historical distributions [12] - Monthly distributions have varied, with a total income of over $6 per share generated in the past year, averaging about $0.50 per share monthly [11][12] Market Context - The ETF's performance is closely tied to the volatility of the Nasdaq-100 index, which tends to be higher, thus supporting its elevated income potential [8] - The fund's structure allows for monthly payouts, making it attractive for investors seeking regular income [8] Considerations - While JEPQ offers high yields, it comes with trade-offs, including capped upside potential and variability in yields based on market conditions [14][15][16] - Investors should be aware of the risks associated with ELNs, particularly counterparty risk, which could affect the value of the investment [7]

LOS ANGELES, Dec. 16, 2025 /PRNewswire/ -- Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Blue Owl Capital Inc. ("Blue Owl" or the "Company") (NYSE: OWL). IF YOU SUFFERED A LOSS ON YOUR OWL INVESTMENTS, CLICK HERE BEFORE FEBRUARY 2, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT What Is The Lawsuit About? The complaint filed alleges that, between February 6, 2025 and November 16, 202 ...

Michael Gray has devoted his career to following the capital markets and managing fixed income assets. He founded Gray Capital Management LLC and before that was Head of Taxable Fixed Income at Fidelity Investments. Michael has an MBA in Finance from Wharton and a BA in Economics from Union College.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, ...

pics five / Shutterstock.com Quick Read Retirees often need more than just Social Security to live comfortably. JPMorgan Equity Premium Income (JEPI) generates monthly income by holding large-cap S&P 500 stocks and selling call options against them. JEPI suits retirees with moderate risk tolerance seeking steady income beyond Social Security’s average $2,000 monthly benefit. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to re ...