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The Texting Dilemma

It seems that if you want the best-performing portfolio, along with a croissant, head to France. According to analysis performed by Natixis Global Asset Management, portfolios from France had an average gain of 7.6 percent. Meanwhile U.S. portfolios generated a loss of 0.9 percent. Natixis found the variations between global portfolios were due to regional differences in construction, as well as varying performances in international markets. In this case, French investors’ portfolios were strengthened by higher allocations in European equities that outperformed, as well as a stronger stake in risk-managed investments. And while U.S. portfolios were not the best performing, they did beat the Dow Jones (-1.21 percent) and the average retail investor’s portfolio (-3.10 percent). Natixis reviewed 855 model portfolios in the moderate risk category from financial advisors and other professionals from France, Italy, Latin America, Singapore, Spain, the United Kingdom and the U.S.

Krawcheck Joins Board of Blockchain Startup

In good company. | Copyright Brad Barket, Getty Images

Sallie Krawcheck, the former head of Merrill Lynch and chair of Ellevate Network, hasjoined the board of Digital Asset Holdings, a developer of a financial services blockchain, the technology that underpins digital currencies like bitcoin. Digital Asset recently raised $60 million in its latest round of funding from a group of investors including Broadridge Financial Solutions, Citi, J.P. Morgan, Goldman Sachs and IBM. The startup announced it would add to its board of directors as part of the fundraising round. “Digital Asset sits at the apex of finance and technology, uniquely positioning them to realize the promise of this new innovation, and I’m delighted to be able to contribute to the firm’s next phase of success,” Krawcheck said.

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