Finance

Dave Nadig Breaks Thematic ETFs Success On Yahoo Finance

This article was originally published on ETFTrends.com.

Total ETF flows are $202 billion year-to-date through the end of June. June alone saw $58.5 billion. The story has remained the huge numbers going into bonds. ETF Trends Director of Research and CIO Dave Nadig joins Yahoo Finance’s Sibile Marcellus on “The Ticker” to breakdown the ETFs to watch in the second half of 2020.

Keeping bonds in mind, $31 billion went into US fixed income (and $11 billion into U.S. equities). Some of that is the Fed, as it has purchased $6.8 billion worth of corporate bond ETFs year-to-date, and other investors have been piling on behind them. 

As Nadig points out, the Big Winners here have been the Vanguard Intermediate Corporate ETF (VCIT), which pulled in $5.7 billion in June, and the iShares iBoxx USD Investment Grade ETF (LQD), which had $3.5 billion in inflows.  

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2020 graduates face uncertain job market with hope

NASHVILLE, Tenn. – If everything had gone according to plan, Missy Wood thought she’d have a job helping at-risk youths by now. 

Wood, a recent graduate of Middle Tennessee State University, saw her internship with Court-Appointed Special Advocates end abruptly in March as the COVID-19 pandemic took root in Tennessee. She started applying for jobs with the Department of Children’s Services and similar organizations in April.

By the time she graduated in May, new job postings for her chosen career had all but disappeared.

Wood is one of the thousands of graduates across the nation who face a turbulent job market amid the novel coronavirus pandemic. More than 47 million Americans have filed jobless benefit claims since the middle of March, according to the Labor Department.  

Eli Kellum, 7, climbs on the back of babysitter Missy Wood in the Kellum family's backyard in Murfreesboro on June 18, 2020, as the two play on the trampoline. Wood has been looking for work since April but has not been able to find any child-focused social work positions since graduating from MTSU in May. After the pandemic hit, job postings for her planned career seemed to disappear.
Eli Kellum, 7, climbs on the back of babysitter Missy Wood in the Kellum family’s backyard in Murfreesboro on June 18, 2020, as the
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Domestic workers dumped on the street amid unprecedented economic collapse

Over a dozen Ethiopian domestic workers camp outside the Ethiopian embassy in Beirut after being dumped by their employers: Bel Trew
Over a dozen Ethiopian domestic workers camp outside the Ethiopian embassy in Beirut after being dumped by their employers: Bel Trew

Bewildered and scared, Ife, an Ethiopian domestic worker, explains how just a few hours ago she thought she was on her way to Beirut airport. “So you can fly home,” her cash-strapped employer had said while pushing her out of the car in front of the Ethiopian embassy.

“It was a lie,” whispers the 24-year-old, clutching her belongings like a lifebuoy.

“I cried and cried because I haven’t been paid since January. I have no money. I have a son.”

Ife only has one option: sleep rough alongside dozens of other Ethiopian women also dumped by their employers in front of the consulate in Beirut and beg to be repatriated home. They are among a growing number of migrant workers in Lebanon that have been abandoned by their bosses

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Car Brands That Are Making Buying a Car Worth Your While During the Pandemic

The coronavirus crisis has forced automakers to get crafty with car sales, and incentives like low financing rates and deferred payment options are luring customers into car lots — even if they’re not actually entering the dealership. In fact, many car companies are making it easy for buyers to shop online, make a purchase and receive their new vehicle without ever leaving their homes.

Here’s a look at what every major automaker is doing to tempt new buyers. However, it’s important to note that you have to read the small print. Restrictions often apply, many offers are available only through participating dealers and most deals are only good for well-qualified buyers who get loans through the automaker’s financing arm. But one thing is for sure with all these new offers, the auto industry is changing.

Last updated: July 3, 2020

Acura

Acura is extending a 90-day payment deferral program for

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Olympic Casino’s asset grab unnerves European junk bond investors

By Yoruk Bahceli

AMSTERDAM (Reuters) – A sleight of hand by the owner of an Estonian gaming company is alarming investors worried that tactics used by private equity firms in the United States to shift assets away from creditors are coming to Europe.

Olympic Entertainment, owned by private equity firm Novalpina Capital, told bondholders on June 18 it had moved some assets – all its online operations and a Lithuanian business – into an entity not bound by its credit agreements, according to an email seen by Reuters.

The company, which operates the Olympic Casino brand, distributed shares in the separate entity to a parent company controlled by Novalpina, the email said, effectively paying the London-based firm a dividend.

Olympic Entertainment, which had 114 casinos at the end of 2018 in Estonia, Latvia, Lithuania, Slovakia, Italy and Malta, did not respond to requests for comment.

Olympic’s asset shift means holders

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An Online Bank With a Full Range of Products

Ally Bank has been around for over a century — but you probably didn’t hear about it until the last decade.

The bank started out in 1919 as GMAC, General Motors’ finance division. But in 2009, the company rebranded as Ally Bank, an online-only banking institution that offers everything from checking and savings accounts to home and auto loans to investment accounts.

Our in-depth Ally Bank review paints a full picture of the institution but specifically focuses on its checking and savings accounts. This review also includes information about Ally’s money market accounts, CDs, loans and investment options, as well as a review of Ally’s mobile app, level of convenience and customer service.

In this review:

What Is Ally Bank?

Ally Bank is an FDIC-insured online-only banking institution offering an array of accounts, including its Online Savings and Interest Checking. You can also open a Money Market account or invest

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Schwab (SCHW) Completes Acquisition of Wasmer Schroeder

Charles Schwab SCHW completed the acquisition of Naples, FL-based Wasmer, Schroeder & Company, LLC. The deal, announced this February, will strengthen Schwab’s position in the brokerage industry.

Following announcement of the deal closure, shares of Schwab gained 1.1%.

Wasmer Schroeder is an independent investment manager of fixed-income separately managed accounts. Its team of more than 60 employees, including roughly 30 investment professionals, has significant experience in the fixed-income markets.

The deal is expected to enhance Schwab’s fixed-income capabilities and expand its approximately $90 billion in separately managed accounts. Also, the company will be able to meet increasing client demand for income in retirement.

However, the financials of the transaction have not been disclosed yet.

At the time of announcement of the deal, Rick Wurster, executive vice president of Schwab Asset Management Solutions, stated, “Wasmer Schroeder’s professionally managed portfolios and investment capabilities will help Schwab deliver on a wide range of

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The coronavirus pandemic ‘has undone years of work’ for women, Yahoo Finance survey shows

Women, especially middle-aged ones, have been hit the hardest by the coronavirus pandemic in terms of job loss, fewer options for remote work, and needing more time to recover financially from the crisis, according to a new survey from Harris Poll and Yahoo Finance. 

Nearly all men between the ages of 35 and 44 — 96% — were still working the same job as before the pandemic, only 60% of women the same age were, according to the survey of 2033 Americans. The latest unemployment rate shows 8.9% unemployment for men in that age group and 9.4% in June.

Read more: Here’s how to navigate changes in your career

A similar discrepancy shows up between men and women who are 45 to 54.  More than three-quarters of men that age have the same job, but just under 6 in 10 women do, the survey found.

That difference, among others found

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Deutsche Bank Considers Financial Support for Wirecard Bank Subsidiary

(Bloomberg) — Deutsche Bank AG is weighing the acquisition of all or part of disgraced Wirecard AG’s bank, potentially throwing the business a lifeline after one of the biggest corporate scandals in recent years.

The Frankfurt-based lender is in touch with regulator BaFin, Wirecard Bank’s management board and administrators on possible further steps to help Wirecard’s finance unit, a Deutsche Bank spokesman said by e-mail, without elaborating. Options include taking on pieces of Wirecard Bank or the unit in its entirety, people familiar with the matter said, adding that the lender is still debating other ways to help Wirecard Bank and hasn’t made a final decision.

Deutsche Bank had informal tie-up talks with the scandal-hit fintech last Spring, though it quickly broke off the preliminary discussions. Wirecard Bank — which sat at the heart of the firm — could be valuable to a potential acquirer because of its relationship with

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8 Contactless Payment Apps To Help You Avoid Touching Cash

Even though you probably don’t have to worry about catching the coronavirus from touching cash, it certainly doesn’t hurt to avoid physical currency if possible. The same goes for handling your wallet and credit cards.

With several contactless payment options available, there’s really no need for many people to expose themselves to the coronavirus by touching these objects unnecessarily.

According to a survey by The Ascent, 55% of U.S. consumers are worried about handling cash, while about three-quarters of respondents said they plan to continue using contactless payments once the pandemic is over. Eighty percent of contactless payments are for transactions under $25, “a range usually dominated by cash,” according to the report.

“Contactless payment was growing in popularity even before the pandemic, but it’s clear that now, more than ever, consumers are eager to embrace any options that align with social distancing guidance,” said Anna Barker, a

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