Eaton vance money market?
NEW YORK & BOSTON – Morgan Stanley (NYSE: MS) announced today that it has completed the previously announced acquisition of Eaton Vance Corp. in a stock and cash transaction.
NEW YORK & BOSTON – Morgan Stanley (NYSE: MS) announced today that it has completed the previously announced acquisition of Eaton Vance Corp. in a stock and cash transaction.
Money market funds can be a good fit for investors looking to benefit from the current interest rate environment or saving for a short-term goal. Keep in mind that while the funds are considered low risk, they are not FDIC-insured.
| WMPXX | Category High | |
|---|---|---|
| Dividend Yield | 5.62% | 0.00% |
We are a global asset management firm with a network of specialised investment teams engaged across asset classes, each with their own expertise and unique perspective. Our extensive research and focus on intelligent downside risk management serves professional investors with innovative strategies and services.
Morgan Stanley agreed to buy asset management firm Eaton Vance for about $7 billion in a cash-and-stock deal. The transaction advances CEO James Gorman's push to bolster the bank's wealth and investment management businesses.
In March 2021, Morgan Stanley completed its acquisition of Eaton Vance, a deal announced in October 2020.
Only two financial institutions, Landmark Credit Union and Alpena Alcona Area Credit Union, currently offer 7% interest.
- Minimum deposit requirements.
- Monthly maintenance fees.
- Excessive withdrawal fees.
- Variable APYs.
- Tiered interest rates.
Where to put money during a recession. Putting money in savings accounts, money market accounts, and CDs keeps your money safe in an FDIC-insured bank account (or NCUA-insured credit union account). Alternatively, invest in the stock market with a broker.
What is Wmpxx invested in?
Under normal circ*mstances, the fund invests exclusively in high-quality, short-term, U.S. dollar-denominated money market instruments of domestic and foreign issuers. These investments may have fixed, floating, or variable rates of interest and may be obligations of U.S. or foreign issuers.
| Label | Value |
|---|---|
| 7 Day Yield | 5.3696 |
| Gross Seven Day Yield | N/A |
| Min Initial Subscription | N/A |
| Total Shares Outstanding | N/A |
How do money market funds work? Money market funds invest in very-low-risk assets like Treasury bonds, CDs, or short-term, high-quality corporate bonds with maturities of less than a year. Unlike stock or bond funds, they have a fixed price of $1 per share.
Through our offices in North America, Europe, Asia, Japan and Australia, Eaton Vance employs over 1,680 employees, with more than 300 investment professionals located outside the US.
We offer mutual funds that invest across a wide array of equity, income and alternative strategies. Each of them seeks to address the varied investment goals of today.
Eaton Vance is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.
The deal is good for Morgan Stanley because it will help the bank distribute funds to retail investors since Eaton Vance is the top U.S. distributor of individual separate accounts, Barclays analyst Jason Goldberg said. It may also help grow revenue in an inexpensive way while growing assets, he said.
Eaton Vance is located in the heart of Boston. If you have a Mutual Fund account with Eaton Vance, click here to log into your account.
The ownership structure of Morgan Stanley (MS) stock is a mix of institutional, retail and individual investors. Approximately 34.96% of the company's stock is owned by Institutional Investors, 10.68% is owned by Insiders and 54.35% is owned by Public Companies and Individual Investors.
Thomas E. Faust, Jr., is Chairman of the Board, President, Chief Executive Officer of Eaton Vance Corp. Mr. Faust has served as Chairman of the Board and Chief Executive Officer since November 1, 2007.
Does Eaton Vance have ETFs?
Eaton Vance Intermediate Municipal Income ETF
Provides diversified core exposure to the municipal bond market, spanning municipal sectors, states and credit tiers, while seeking to generate income exempt from regular federal income tax.
That partner came in the form of Boston-based asset manager Eaton Vance, which took a majority stake in Parametric, bolstering our direct indexing business by providing access to advisory platforms, support for product development, and distribution expertise.
What banks are offering 7% interest on CDs? Currently, no U.S. banks or credit unions are offering 7% APY on CDs. During August 2023, a few credit unions were offering 7% interest on CDs, but those were limited-time offers that are no longer available.
| Account | Forbes Advisor Rating | Minimum Deposit Requirement |
|---|---|---|
| Milli Savings Account | 4.6 | $0 |
| M1 High-Yield Savings Account | 4.3 | $0 |
| Bask Interest Savings Account | 4.2 | $0 |
| UFB Secure Savings | 4.1 | $0 |
At a 4.25% annual interest rate, your $100,000 deposit would earn a total of $4,250 in interest over the course of a year if interest compounds annually. Annual total: $104,250.
