Managing ETF and Mutual Fund Exposure Across Asset Classes

Published on April 6, 2026

The debate over ETFs versus mutual funds has never been particularly useful for advisors who actually build portfolios. In practice, the question was never which vehicle is better — it was always which vehicle is better for this objective, in this sleeve, for this client. In 2026, that discipline matters more than ever.

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S&P Global Services PMI: First Decline Since January 2023

April 6, 2026
The March U.S. Services Purchasing Managers' Index (PMI) from S&P Global fell 1.9 points to 49.8, indicating a contraction in the services sector for the first time since January 2023. The latest reading was lower than the forecast of 51.1.

ISM Services PMI: Continued Expansion in March

April 6, 2026
The Institute for Supply Management (ISM) released its March Services Purchasing Managers' Index (PMI), with the headline composite index at 54.0. This was lower than the forecast of 54.8 and keeps the index in expansion territory for a 21st consecutive month.