Wealth Management
Voya Financial is expanding its target-date offerings with the launch of the MyCompass Target Date Blend Series, a new collective investment trust (CIT) overseen by Great Gray Trust Company.
This addition strengthens Voya’s foothold in the growing target-date market, where it already manages more than $25 billion in assets. Sub-advised by flexPATH Strategies, the series benefits from Voya Investment Management’s expertise as a glide path fiduciary, ensuring thoughtful asset allocation.
Designed to complement Voya’s existing MyCompass Index and MyCompass American Funds solutions, the Blend Series mirrors the firm’s Target Retirement Trust (TRT) framework. Key features include a participant-focused glide path, a mix of active and passive strategies, a multi-manager approach for diversification, and stable value fund allocations to reduce volatility for those nearing retirement.
Finsum: The finer details such as the glide path can make a huge difference for clients.
Global stock markets declined this week as investors braced for new U.S. tariffs that have heightened recession fears. The S&P 500 briefly fell into correction territory before rebounding, but it still posted its worst quarter since 2022.
The uncertainty surrounding trade policy pushed the CBOE Volatility Index higher and drove investors toward safe-haven assets like gold, which reached a record high above $3,100 an ounce.
Asian and European markets also struggled, with automakers hit particularly hard after Trump announced a 25% tariff on imported vehicles and parts. Meanwhile, CoreWeave's stock tumbled after its IPO, and Hong Kong’s CK Hutchison declined as a Chinese regulatory review delayed a major ports deal.
Finsum: Investors are flocking to bonds for any chance of relief, but this could be the time to buy on the bottom of the market if Trump pulls the rug on tariffs once again.
Despite favorable regulatory developments and the announcement of a Strategic Bitcoin Reserve, crypto markets saw a sharp pullback in early March, with bitcoin, ether, and solana all declining. Some of the disappointment stemmed from the fact that the reserve would consist solely of assets seized through law enforcement rather than direct government purchases.
Bitcoin’s latest quadrennial halving on April 20, 2024, historically a catalyst for massive rallies, has yielded a more tempered 30% gain so far, possibly due to more efficient market pricing. Ether and solana have closely tracked bitcoin’s movements, with correlations consistently high, reinforcing the idea that broader market sentiment is driving price action.
Unlike previous post-halving periods, miners' transaction revenues have remained relatively stable, suggesting that extreme price volatility may be less likely this cycle.
Finsum: Slowing growth in transaction volumes hints at a maturing crypto market, with daily bitcoin transactions dipping in early 2025 even as futures trading remains active.
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Halo Investing has secured $12 million in Series B funding to enhance transparency and competition in structured notes investing. Backed by investors like Allianz Life Ventures and William Blair Circle, the platform aims to make structured notes more accessible by eliminating traditional high minimum investment requirements.
As the world’s first independent, multi-issuer technology platform for structured notes, Halo enables advisors to offer protective investing in an unbiased, data-driven manner. CEO Jason Barsema emphasized the company’s mission to provide equal investment opportunities for all, from everyday investors to corporate executives.
The platform streamlines order management, enhances compliance, and optimizes back-office efficiency for issuers and wealth managers.
Finsum: With this latest innovation, structured notes are a rapidly developing investment framework.
Global private credit is staging a recovery from a decade-low slump, driven by stronger-than-expected global GDP growth and a gradual shift toward looser monetary policy.
Although deal activity remains below historical norms, transaction volumes grew 7% last year, with deal values rising 15% to $3.5 trillion, bringing the market closer to pre-pandemic levels. Despite lingering valuation gaps and geopolitical uncertainty, optimism is building for a stronger M&A rebound in 2025, which could further boost private credit’s rapid ascent as an alternative financing source.
The asset class has cemented itself as a critical pillar of corporate lending, filling the gap left by traditional banks and offering borrowers more tailored, flexible funding solutions. Investors are increasingly drawn to private credit’s ability to deliver stable returns and diversify portfolios, fueling further expansion in the sector.
Finsum: As dealmaking momentum builds, firms are poised to capitalize, leveraging their global network and deep industry expertise to connect capital with opportunity.
Spring doesn’t have to involve expensive travel—there are plenty of fun ways to enjoy time together at home. One idea is to “travel the world from home” by learning about different countries, cooking their traditional dishes, and watching related movies.
A family pilgrimage to a nearby holy site can also be a meaningful experience, especially during this Jubilee Year, with many designated pilgrimage locations across the U.S. For a fun night in, kids can enjoy a "sleep-under," wearing pajamas, playing games, and watching a movie before heading home to sleep.
Cozy reading time can be made extra special with a library trip followed by building a blanket fort to read new books inside. A family bake-off adds a competitive twist to baking, letting each child pick a recipe to make and everyone vote on the tastiest creation.
Finsum: Whether through cultural exploration, faith-filled experiences, or simple at-home activities, spring break can be both memorable and affordable.