As finance gurus forecast a market that's variously overvalued, undervalued, ready to plunge off the cliff, or blast off to new heights, remember to tune out the noise and stay invested for the long run, says Mark Armbruster, CFA.
Memes are simple ideas that sometimes take hold and change the world. Finance has undergone two major cycles of transformation under this principle over the last 100 years and a third cycle more recently. Christopher K. Merker, PhD, CFA, explains.
Invesco has filed with the Securities and Exchange Commission for fixed-income exchange-traded funds investing in bonds with maturation dates of 2026 and 2028. The Invesco BulletShares 2026 High Yield Corporate Bond ETF and the Invesco BulletShares 2028 Corporate Bond ETF would link to indexes managed by Nasdaq and would trade on NYSE Arca. ETF (24 May.)
Disagreement about what kind of customs arrangement the UK wants after Brexit might leave an extension of the existing customs union with the EU as "the only viable option," a House of Commons committee says. The UK government has suggested two alternatives to a customs union extension, but its taxing authority says there isn't enough time to implement either by the end of the transition period in 2020. Politico (24 May.)
The Securities and Exchange Commission has voted to propose rules authorizing broker-dealers to make public research on exchange-traded funds, mutual funds and closed-end funds. The proposal would implement a law Congress passed last year. ThinkAdvisor (free registration) (24 May.)
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