By Asset Allocator Journal Staff
Meta is preparing to roll out advertisements on WhatsApp’s Status feature later this year, according to the Financial Times. The company will also begin offering in-chat promotions through its WhatsApp Business platform. These changes mark the first time WhatsApp will include display ads, representing a significant shift for an app that has long emphasized privacy and minimal intrusion.
The number of active exchange-traded funds in the U.S. has now surpassed passive ones, reports Advisor Perspectives. This marks a notable milestone in the ETF industry, where passive strategies have historically dominated. Although passive ETFs still hold a greater share of total assets, the number of active funds has grown rapidly due to an increase in new product launches.
Metro Bank’s shares rose sharply after reports that private equity group Pollen Street Capital is exploring a possible takeover, as detailed by the Financial Times. While Metro Bank said it has received no official approach, the market responded positively. Pollen Street already owns a significant stake in the bank and was involved in a major refinancing deal last year.
WealthManagement.com highlights how financial advisors are reviewing clients’ insurance policies as previously locked-in fixed terms expire. Rising rates and changing coverage needs are prompting many clients to assess whether their policies remain suitable. Advisors are recommending thorough reviews to ensure cost efficiency and alignment with current risk profiles.
Builder confidence increased slightly in June, but remains well below historic norms, according to Advisor Perspectives. High mortgage rates continue to limit housing demand, while construction costs remain elevated. Builders are facing difficulties lowering prices due to cost pressures.
Estate planning for blended families is receiving renewed focus, as WealthManagement.com reports. Tools like QTIP trusts and prenuptial agreements are being used to balance the interests of current spouses with those of children from previous relationships. Advisors emphasize clear documentation and communication to reduce the risk of future disputes.
Municipal bond issuance has picked up substantially this year, Advisor Perspectives notes. While fund inflows have not kept pace, the surge in supply provides more reinvestment opportunities for existing holders. Many investors are still drawn to munis due to their tax-exempt status and relatively attractive yields.
Retail sales in the U.K. fell sharply in May, raising fresh concerns about the health of the consumer economy, per BM Magazine. Major retailers reported reduced spending on food, clothing, and other staples. The drop exceeded economists’ expectations and contributed to broader market unease.
