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Asian stocks to open steady after S&P 500 slips


(March 17): Asian stocks are set to open steady Wednesday as investors weigh the strength of the economic recovery in anticipation of the Federal Reserve’s policy statement. Benchmark Treasury yields hovered near their highest levels in over a year.
U.S. equity futures edged higher. The S&P 500 closed lower after three sessions of record-breaking gains, as the energy and industrials sectors weakened. Apple Inc. and Microsoft Corp. lifted the tech-heavy Nasdaq 100, while the Dow Jones Industrial Average also fell from a record high. Futures were little changed in Japan, fell in Australia and rose in Hong Kong.
Treasury 10-year yields fluctuated as the Fed began its two-day policy meeting and a 20-year bond auction drew strong demand. Oil pointed higher after falling the most in a week. ....

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ETF of the Week: IQ Healthy Hearts ETF (HART)


ETF Trends CEO Tom Lydon discussed the
IQ Healthy Hearts ETF (HART) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.
HART tracks a market-cap-weighted index composed of global stocks with favorable health-related ESG ratings. The fund adopts a thematic ESG investment approach aligned with the American Heart Association’s overall mission of helping people live longer, healthier lives.
Continuing down this path, HART invests in companies that reflect core AHA initiatives, research, and programming, with a specific focus on those that provide a diagnosis and/or treatment of cardiovascular diseases and manufacturing and distribution of healthy food or wellness products. ....

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New York Life Investments Engages Wellington Management to Enhance U.S. and International Equity Fund Lineup


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NEW YORK, Feb. 8, 2021 /PRNewswire/  New York Life Investments today announced the launch of a new relationship with Wellington Management (Wellington), one of the world s largest independent investment management firms. The relationship is designed to enhance MainStay Funds equities lineup, with Wellington repositioning and assuming sub-advisory investment management responsibility for a suite of fundamental equity mutual funds and variable product portfolios.
We are looking forward to engaging with Wellington to expand our equity capabilities with a number of fundamental strategies well-suited for the current market environment, said Kirk Lehneis, President of MainStay Funds and Chief Operating Officer of New York Life Investment Management. Wellington s legacy of sustained investment strength and excellence will position us well to continue offering our clients high-quality investment strategies that meet their portfolio n ....

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