The impact of Hurricane Harvey won’t show until next week’s report

Fresh money has poured in for weeks and that continued in late August

RIAS are allocating client assets differently from those at the wirehouses or independent broker/dealers.

Rather than fearmongering, they may want to consider playing a supporting role to passive funds.

Structure allows for efficient accumulation and distribution of investment income.

It was a calm summer week as investors anticipated information from the U.S. Federal Reserve, The European Central Bank and elsewhere.

U.S. and North Korea tensions that spooked investors have since calmed

Japan and global equity funds led to the ninth straight week of inflows for developed markets, but investors are still sour on U.S. funds

U.S. fiscal policy, European monetary policy and an aging bull market pushed them to energy, utilities and commodities (primarily gold).

Even emerging markets bond funds took in money for the third straight week.