![]() ![]() The new group was created last year to help Goldman's large clients quickly bring their strategies and ideas to the ETF market. The funds are also notable because they are the first to come out of Goldman Sachs ETF Accelerator. For example, the firm's international equity mutual fund (BIIEX) has a four-star rating from Morningstar. The new funds are similar to existing strategies offered by Brandes. The new products include an international ETF (BINV) and two U.S. The S&P 500 is lower by 0.7% for the week, while the Nasdaq is about flat.īrandes Investment Partners is the latest firm to join the growing ETF market, launching three funds on Thursday. The Dow is down 1.16% week to date, and turned negative for the year during Tuesday's selloff. Nonetheless, the broad market index and the 30-stock Dow are on pace for a losing week. Stocks got a slight boost on Wednesday after the latest payroll data from ADP signaled to investors that the labor market is beginning to loosen. But they're getting better in terms of numbers getting softer less hot, and doing so in the most healthy way, which is essentially less hiring, but still not very much firing," Ladner said. "The totality of the labor market data is telling us that things are getting better. Ladner is optimistic that the labor market is softening with respect to the latest jobless claims and private payrolls data. While investors aren't hoping for a recession, they are wishing for some labor market weakness that would cause the Federal Reserve to rethink raising rates again and halt the run in Treasury yields to 16-year highs. On Friday, economists polled by LSEG believe nonfarm payrolls for September will show a 170,000 increase, down from a 187,000 jobs gain in August. These adjustment periods are tough," said Horizon Investments chief investment officer Scott Ladner. "We're in the middle of a transition from what everybody thinks is a low rate environment, to a kind of more normalized rate environment. The 10-year Treasury yield initially ticked up after the jobless claims report before inching down. While the slight increase in jobless claims was about in-line with the Street, it disappointed some investors hoping the weekly data would start to signal a labor market breakdown and end the run in rates that's hurting stocks. Economists had forecasted 210,000, according to a Dow Jones consensus estimate. 30, up just 2,000 from the prior week's numbers. Weekly initial jobless claims came in at 207,000 for the week ending Sept. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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