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element capital management invests two billion in s and p 500 etfs

Element Capital Management, led by Jeff Talpins, held approximately $2 billion in S&P 500 ETFs at the end of September. This included a $954 million stake in the Vanguard S&P 500 ETF and about $1 billion in the iShares Core S&P 500 ETF. Following the Nov. 5 election, the S&P benchmark rose 3.5%.

retirement savings boost with new catch-up contributions starting in 2025

Starting in 2025, investors aged 60 to 63 can make catch-up contributions of up to $11,250, allowing a total deferral of $34,750, a 14% increase from 2024. The 401(k) contribution limit will rise to $70,000, benefiting older workers aiming to enhance retirement savings. Despite these changes, many American workers remain behind in retirement planning, with only 14% maxing out their 401(k) contributions in 2023.

IRS increases 401k contribution limits for 2025 including catch-up options

The IRS has announced an increase in the 401(k) employee deferral limit for 2025 to $23,500, up from $23,000 in 2024. Catch-up contributions for those aged 50 and older will remain at $7,500, while individuals aged 60 to 63 can contribute an additional $11,250. In 2023, only 14% of employees maxed out their 401(k) contributions, with an average deferral rate of 7.4%.

asset management landscape shifts as giants grow and small firms thrive

The asset management industry continues to see consolidation, with the largest 20 firms controlling 85% of U.S. assets. While passive investment funds dominate, smaller firms like Alpha Architect and Simplify are experiencing significant growth, showcasing opportunities for innovation and market share recovery among active managers.

ubs am reduces fees and merges share classes for three etfs

UBS Asset Management has reduced fees and merged share classes for three ETFs, including the $375m USD-hedged socially responsible ETF, due to their net asset values falling below a commercially viable minimum. The fee for the UBS ETF MSCI ACWI Socially Responsible UCITS ETF will decrease from 0.28% to 0.25%, while the UBS Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF's fee will drop from 0.25% to 0.20%. Trading for the affected share classes will cease on October 28.
07:05 16.10.2024
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