Growth stocks especially have taken a big hit, with the Vanguard Growth ETF down 12.4% over one year. Value stocks have held up better, with the Vanguard Value ETF down about 2.1% over the same time frame. Value stocks tend to be slower-growing companies with steady cash flows and can hold up better as the Federal Reserve raises interest rates to get inflation under control.
Lincoln National (LNC) adds commission and fee-based annuity products on the Envestnet Insurance Exchange to strengthen its annuity business and benefit more Americans.
Lincoln National (LNC) unveils MoneyGuard Fixed Advantage backed by a BTR to meet the long-term care expenses of clients and plan for a better financial future.