Both banks say they want to make the process more efficient, relieving staff of more mundane tasks that get in the way of making money.
In periods of stress, ESG bond funds have outperformed non-ESG funds.
The average portfolio—one made up of 60% stocks and 40% bonds—is not built to weather new market realities.
U.S. Treasuries that mature in one year are providing bigger after-tax yields than traditional municipal debt, according to AllianceBernstein.
A record low yield shows bond traders have lost all fear of rising interest rates, a stronger economy or a sustained rebound in inflation.
