The bank extended portfolio management and asset allocation services to clients with $50,000 in investable assets. The services were previously only available to trust clients.
The U.S. exchange-traded funds market is primed to double up on its current $1.5 trillion in assets to the tune of more than $3.5 trillion in assets over the next five years, according to iShares latest forecast.
With the number of alternative strategies rising, how can advisors pick the winners from the losers?
ETF flows topped $17 billion in May with the large cap category leading the way taking in $5.4 billion in flows, according to State Street Global Advisors latest ETF Shapshot.
For the second consecutive week, equity exchange-traded funds experienced net outflows, handing back some $2.8 billion, while conventional mutual fund took in $500 million.
Although many in the industry have tipped active exchange-traded funds as the breakthrough product of 2013, this may be wishful thinking, according to a new study by Cerulli Associates.
Exchange-traded funds gathered record net inflows of $107 billion through the end of May 2013, which is 31% higher than the $82 billion in net flows at this time in 2012, according to data from ETGI.
Global exchange-traded product flows reached $26.5 billion in May, the second strongest month this year, according to BlackRocks latest ETP Landscape Monthly Snapshot.
In an environment of transparency and volatile capital markets, you would think exchange-traded fund vehicles would hold more of a percentage in the $3.6 trillion retirement plan marketplace.
Advisors are expected to up the exchange traded fund allocations in their clients portfolios in 2013, according to Cerulli's Exchange Traded Fund Markets 2013 report.
Vanguard today reports that expense ratios have dropped for several of its mutual funds and the Dividend Appreciation ETF.
Assets held in exchange-traded funds rose in April by $22.39 billion to $1.469 trillion, according to the Investment Company Institute.
Direxion Funds' CEO Dan O'Neill examines new products and strategies that will be the next phase in the evolution of ETFs.
VTL Associates, an independent investment advisory and consulting firm based in Philadelphia, has received an infusion of capital from Chinese venture capital firm, Suzhou Industrial Park Kaida Venture Capital.
ETF flows in the second quarter continued at almost the same torrid pace as they did in the first quarter and seem well on their way to adding $200 billion in new investor funds in 2013.
Chinas first cross-border exchange-traded fund, based on the NASDAQ-100 Index, has begun trading on the Shanghai Stock Exchange.
Stock and bond funds, including exchange traded funds, maintained a strong pace of net inflows in April, according to fund industry researcher Strategic Insight (SI).
Yield by any name may sound sweet, but experts say closed-end fund investors need to consider other factors, too.
MidAtlantic Trust Company said it had resolved record-keeping problems that have kept exchange-traded funds from being part of holdings in 401(k) and other retirement plans.
Two or three years ago, institutional investors primarily used ETFs for tactical purposes, holding them for less than one year. But now they are using them strategically as well, according to the 2013 Greenwich Associates study of trends in institutional usage of ETFs, which was sponsored by iShares.
Globally, exchange traded products are scooping up assets on a faster pace than in 2012, according to BlackRocks April 2013 ETP Landscape Report.
For ETF investors, a focus on the broad, diversified asset classes has been paying off.
Fixed-income exchange-traded funds have made big strides in asset gathering over the past five years, rising from $53.7 billion in 2008 to $229.1 billion by March of 2013, according to Lipper.
WisdomTree Investments, an ETF sponsor and asset manager, reported net income of $7.9 million for the first quarter of 2013, up seven times from the year ago quarter and 50% from the fourth quarter of 2012.
Assets of all exchange-traded funds rose in March by $37.54 billion, or 2.7%, to $1.446 trillion, according to the Investment Company Institute.
A boom in active exchange traded funds is coming, according to a study from SEI.
BlackRock said first-quarter earnings rose 10% as its exchange-traded stock funds drew client cash and assets increased.
Exchange-traded funds have gone from a "gem of an idea" in 1993 to "couch potato investing" in 2013. What's next for these products?
BlackRock's first-quarter earnings rose 10% as its exchange-traded equities funds drew client cash and assets increased.
Vanguard reported that expense ratios have changed for three of its mutual funds and exchange-traded funds.
Investors poured $16.9 billion into exchange-traded funds in March, bringing the first-quarter total to $53.1 billion, according to data from Morningstar.
The suitability of leveraged and inverse exchange-traded funds climbed on FINRAs Enforcement hit list last year.
Direxion has added two new leveraged exchange-traded funds: the Direxion Daily Brazil Bull 3x Shares (BRZU) and Direxion Daily South Korea Bull 3x Shares (KORU), to its portfolio.
Pimcos 0-5 Year High Yield Corporate Bond ETF reported $204.1 million of inflows on April 8, the same day the SPDR Barclays High Yield Bond ETF recorded its second-biggest daily redemption since its inception more than five years ago, equal to about $378 million worth of shares, Bloomberg reports.
What's next for financial advisors? How will wirehouses, banks and RIAs continue to evolve in the coming year? Tiburon's Chip Roame explains 15 key trends that every advisor must keep an eye on.
Exchange-traded fund flows topped $17.3 billion in March with the fixed income category leading the way to the tune of $5 billion, increasing its year-to-date net flows to $7.1 billion, according to State Street Global Advisors latest ETF Snapshot.
USAA, the financial services company that caters to U.S. Armed Forces and State Department personnel and their families, wants to launch active exchange traded funds
Pimco's 13-month-old exchange-traded fund is attracting more cash than the firms flagship Total Return mutual fund as investors join Bill Gross in preferring ETFs for bond investing.
U.S. exchange-traded fund assets rose $2.49 billion to $1.408 trillion in February, according to Investment Company Institute.
Institutional investors held around half of total equity exchang-traded fund assets in 2012, according to a new report from Strategic Insight.
Federal regulators would like to codify exemptive relief from provisions of the Investment Company Act of 1940, so they can focus on more innovative fund applications.
ETF innovations continue as the industry matures. Experts say new products may emerge while traditional ETFs remain strong.
Total stock and bond mutual fund and ETF assets distributed by independent/regional broker-dealers and registered investment advisors grew at more than twice the rate compared to the wirehouse channel during 2012, according to newly released data from Access Data.
The first two months of 2013 marked net flows of $140 billion into stock and bond funds, the best start for the mutual fund industry on record, according to Strategic Insight.
U.S. exchange-traded fund assets totaled $1.41 trillion as of Feb. 28up 5.1% year-to-date, according to State Street Global Advisors latest ETF Snapshot.
Last month, exchange-traded funds and exchange-traded products globally had net inflows of $11.4 billion, according to ETFGI.
Low-volatility stocks are in demand, as evidenced by the popularity of low-volatility ETFs and the ongoing expansion of available choices.
Continued demand for equity exchange-traded products booted ETP flows $47.1 billion, the strongest two-month total on record, according to BlackRocks latest ETP Landscape Snapshot.
Are active exchange-traded funds just a gimmick? And is there a resolution in sight for any potential further reform of the money market mutual fund industry?
The index maven at Standard & Poors shies away from predictions, but expects one of two scenarios: one optimistic and the other pessimistic. And he likes index funds.
Expense cuts and other factors have advisors recalculating which funds have the best payoff for clients.
First Trust Advisors has launched another actively managed ETF.
Fidelity Investments has made its first big step in becoming a provider of actively managed ETFs.
Call it irresistible. In the US alone, the ETF market is well above the $1 trillion mark and rising. Whats driving ETF growth? Experts say one factor is fairness.
Rye Brook, NY-based IndexIQ is currently prepping a pair of index funds to add to its growing list of index exchange-traded funds.
Last week was a busy one for both active and passive exchange-traded fund providers with five fund launches and one updated filing of an actively managed fund from a mutual fund stalwart.
After success last year in fixed income, the actively managed ETF trend may see growth this year in the equity space.
Franklin Templeton Investments is one step closer to launching its maiden active exchange-traded fund, dubbed the Franklin Short Duration Government ETF.
In an effort to leverage the growing $1.4 trillion ETF market, Charles Schwab a basket of 105 commission-free exchange-traded funds.
The global exchange-traded product industry surpassed the $2 trillion mark last month, finishing the month with $40.2 billion of inflows, according to BlackRocks latest ETP Landscape report.
Institutional investors will broaden their ETF applications in 2013, predicted BlackRocks iShares group.
Domestic mutual funds and ETFs drew in $17.9 billion the week ended Jan. 30, wrapping up the first month of 2013 with total net inflows of $51.7 billion.
With net inflows of $191 billion in 2012, ETFs had their best year ever. Housing sector funds led the gainers, while green energy funds dimmed.
Advisors should regard ETF portfolios as a key practice management tool, Mitchell Reiner of Wela Strategies says at the TD Ameritrade Institutional Conference.
Ever popular ETFs finished 2012 on a strong note.
Exchange-traded products are on a roll, following up a record year of flows with a major milestone the first month of the new year.
Assets in ETFs and other indexed products will reach $10.4 trillion by 2017, up more than 100% since 2011, a new report from Tiburon Strategic Advisors predicts.
Bill Gross, co-chief investment officer of Pacific Investment Management Co., said the firm will seek to capture gains in emerging market currencies through a new actively-managed exchange-traded fund.
BlackRock Inc., the worlds biggest money manager, said fourth-quarter earnings increased 24 percent as its exchange-traded funds drew client deposits and assets rose.
The Securities and Exchange Commission has granted T. Rowe Price exemptive relief to issue actively managed ETFs, according to Morningstar reports.
U.S. exchange-traded fund assets increased by $292.7 billion or 28% in 2012, in part driven by positive cash flows of $182.6 billion, marking a new all-time high for the industry on the eve of its 20th anniversary, according to data from State Street Global Advisors.
More municipal bond investors have shown an affinity for actively managed muni ETFs.
BlackRock Inc., the worlds largest asset manager, agreed to buy an exchange-traded funds unit from Credit Suisse Group AG to boost its presence in Switzerland.
Happy times for global exchange traded products has spelled happy times for BlackRock.
The second-biggest exchange-traded fund tracking emerging-market equities will see more inflows after the amount of shares outstanding reached a record last week, according to Marketfield Asset Management LLC.
In a remarkably short period, the playing field for the lowest-cost ETFs has changed dramatically.
For the week ending Wednesday, December 26, mutual funds and exchange-traded funds reported net inflows of $3 billion, excluding the inflows of $18.2 billion to money market accounts, according to data from Lipper.
ALPS last week unveiled its exchange-traded fund joint venture with Goldman Sachs in the form of four new ETFs.
So what are three elements that are going to shape the mutual fund landscape in 2013? The answer lies in regulation, exchange-traded funds and operational outsourcing, according to a report from Deloitte.
The combined assets of the nations exchange-traded funds rose in November by $26.06 billion, or 2.1%, to $1.295 trillion.in November, according to data from the Investment Company Institute.
"We are likely to end 2012 with a record level of assets'' in exchange-traded funds and other exchange-traded products, said Deborah Fuhr, Managing Partner at ETFGI, the London consulting firm that compiles the numbers. This should also reflect "a record level of net new assets invested into the products during the year.''
Invesco PowerShares Capital Management said it plans to close 13 ETFs, which represent less than 1% of Invesco PowerShares total assets.
Fiscal cliff? What fiscal cliff?
Brown Brothers Harriman launched a suite of ETFs designed to help clients access tools and reports through a single umbrella platform dubbed ETF Connect.
The exchange-traded funds space has had its fair share of successful launches and flameouts this year.
Fidelity Investments, the firm that lost its position as the biggest U.S. funds provider after ignoring exchange-traded products for years, is seeking to open an actively run ETF lineup starting with a corporate bond fund.
Exchange-traded funds saw inflows of $15.6 billion in November to bring year-to-date inflows to $154.0 billion, putting them on track to match or exceed 2008s record-setting inflows, according to data from Morningstar.
Global exchange-traded fund and exchange-traded product assets reached an all-time high of $1.9 trillion at the end of November 2012, according to figures from ETFGIs monthly global ETF and ETP industry insights.
BlackRocks latest November 2012 ETP Landscape Report paints a rosy picture for exchange-traded products heading into the New Year.
Investors withdrew money last month from Vanguard Group Inc.s emerging-markets exchange-traded fund, the industrys largest, after the firm said it would replace the funds index.
Looks like the "ETF fee war" is waging on.
The largest U.S. exchange-traded fund tracking municipal bonds touched the highest price since it began five years ago as investors speculated that tax rates will increase to help curb the federal deficit.
San Francisco's Charles Schwab Investment Management emerges as yet another firm seeking an alternative to traditional preservation methods, filing for an actively managed ETF that specifically seeks capital preservation and daily liquidity.
Exchange-traded funds hit a speed bump last month after coasting through much of the year in the black.
Has the bloom come off the inverse and the leveraged exchange-traded fund? "I think it really has," said Michael Rawson, ETF analyst for Morningstar.
Investors will continue to pour money into funds, especially into target date funds and ETFs, according to a report on mutual funds from Tiburon Strategic Advisors.
Negative investor sentiment still plague mutual funds and ETFs, which both saw outflows in the week ended Nov. 14.
Charles Schwab has launched a new site for exchange-traded fund retail investors dubbed the ETF Education Exchange, which aims to close the knowledge gap in ETFs by aggregating educational content, research and market insights from ETF industry leaders.
ETFs saw assets up by 21.5% since last year as of the last day of October, attracting over $133 billion of inflows over the year. That's up from $99.8 billion as of October 2011.
Global exchange-traded funds and exchange-traded products experienced inflows $13.5 billion of net new assets in October, which is lower than the US$40 billion of net inflows in September 2012, according to data from ETFGI.
The 20th anniversary is fast approaching of the launch by State Street Global Advisors in 1993 of the first investment fund that could be traded throughout the day like a stock.
ETFs Draw A Crowd. With the growing ETF market now topping $1.3 trillion, the third annual Morningstar ETF Invest conference drew a record 400-plus attendees, including Shundrawn Thomas of FlexShares.
Demand for liquidity has advisors saying they're planning to boost ETF use, according to a Guggenheim survey.
Legg Mason has filed an application with the Securities and Exchange Commission for an exemption order for two equity and one fixed income offering via an ETF Trust.
The rapid growth in exchange-traded funds is making the landscape a treacherous one for investors and advisors alike. Enter State Street Global Advisors.
BlackRock Inc., the worlds largest exchange-traded fund provider, has an edge over State Street Corp. in buying Credit Suisse Group AGs ETF business, according to Citigroup Inc. analysts.
Sector ETFs have grown 49% at Charles Schwab over the past yearthe firms fastest growing asset category, according to a 3Q ETF snapshot Schwab officials discussed on a conference call on Friday.
Registered investment advisors expect to see increased usage of ETFs in client portfolios, while aversion to risk remains high, according to results of Invesco's RIA Market Research Study.
As exchange-traded funds become more popular with advisors and clients, allocations to ETFs in fee-based portfolios are quickly increasing, according to a Cerulli report.
BlackRock Inc., the worlds biggest money manager, reported third-quarter earnings that beat analysts estimates as exchange-traded funds drew client deposits and assets rose.
In the latest move in the ETF pricing war, BlackRock unveiled a series of cost-cutting initiatives aimed, almost directly, at rival Vanguard, which last week enacted some price-saving moves of its own.
The exchange-traded funds industry continues to boom, as assets under management topped a record $1.29 trillion as of the end of the third quarter of this year, according to the ETF Snapshot: September 2012, from State Street Global Advisors.
In spite of all the worries about investor sentiment amidst a sluggish recovery, assets in mutual funds and ETFs both hit record highs in August, with $8.8 trillion and $1.2 trillion, respectively., according to Cerulli.
The pursuit of double-digit returns means taking greater risks. Some ETF investors are making the move.
Exchange-traded funds added $22.36 billion in August, driving total ETF assets to $1.215 trillion.
Global X Funds, the New York-based provider of exchange-traded funds is liquidating four funds next month.
Schwab has lowered fees on all of its fifteen proprietary exchange-traded funds, Marie Chandoha, president, Charles Schwab Investment Management., said during a monthly media briefing Friday.
Fidelity Investments seems to be not-so-secretly building its long-awaited foray into the exchange-traded fund market out West, after hiring an executive and creating a new division in Denver.
Equity mutual fund investors pulled $1.3 billion from their accounts (their fifth straight week of outflows), while equity ETF investors made a U-turn from the previous week's withdrawal numbers and added a $12.1 billion to their accounts for the week ended Sept. 12.
ALPS Advisors this week revealed that it is teaming up with Goldman, Sachs & Co. to collaborate on exchange-traded products. ALPS will license Goldman Sachs' proprietary indices, which will be used as benchmarks to create exchange traded funds.
AdvisorShares is launching the STAR Global Buy-Write ETF (VEGA), which will begin trading on Sept. 18 on the NYSE's Archipelago Exchange.
ETF managed portfolios-those that typically have more than 50% of portfolio assets invested in ETFs-are one of the fastest-growing segments of the managed account sector, according to a newly released Morningstar report.
U.S. exchange-traded fund assets totaled $1.2 trillion as of August 31 - up 16.6% year-to-date, according to State Street Global Advisors' ETF Snapshot.
BlackRock is cutting fees for its large exchange-traded funds next quarter in response to pricing pressure from the Vanguard Group, Bloomberg reports.
Herb Morgan has a good barometer to tell how hot the market for exchange-traded funds is getting.
Global assets invested in exchange-traded funds and exchange-traded products eclipsed the $1.7 trillion threshold in August - an all-time high.
Global exchange-traded fund assets have increased by 13.9% from $1.35 trillion to $1.54 trillion year-to-date, through the end of July 2012.
Fixed income ETPs now account for 18% of global ETP assets, up from 7% in 2007 at the onset of the financial crisis, according to BlackRock. Bond ETPs garnered a 35% share of industry flows in the first seven months of 2012, according to a BlackRock report on the fixed income ETP landscape.
After peaking at over $1,900 an ounce in August 2011, gold prices are now down around 12% from that apex. However, investors' demand for gold bullion ETFs has not dulled.
The inclusion of alternative ETFs in a portfolio provides a risk-adjusted benefit to investors, according to research from Lipper.
Legg Mason is planning to offer a number of index ETFs as well as actively managed fund of funds ETFs.
Columbia Management is planning to further expand into the actively managed ETF space with 17 new ETFs.
Russell Investments is planning to close its family of 25 passively managed ETFs. The firm will continue to operate the Russell Equity ETF.
BMO Asset Management is changing the investment objectives of several ETFs. The biggest change involves switching two of the ETFs to more recognized indices. In both cases, the firm is moving from Dow Jones indices to S&P benchmarks.
Midsized RIA firms are the new sweet spot for managers of mutual funds and ETFs, according to a new report from Cerulli Associates.
Equity fund investors appear to be exiting from mutual funds and investing in ETFs instead. The ICI reported net redemptions of $64.673 billion for U.S. equity funds and $42.887 billion for all equity funds for the year to date.
As sales of ETFs boom, the SEC's Office of Investor Education and Advocacy has released an investor bulletin on the investment vehicle.
First Trust Advisors has rolled out two new ETFs based on NASDAQ indices. The First Trust NASDAQ Technology Dividend Index Fund and the Multi-Asset Diversified Income Index Fund, which is based on the NASDAQ Multi-Asset Diversified Income Index, began trading Tuesday on NASDAQ.
US ETF assets totaled $1.19 trillion as of July 31, 2012 - up 13.8% year-to-date, according to the latest ETF Snapshot report from State Street Global Advisors.
On the same day that FocusShares announced its exit from the exchange-traded fund business, Russell Investments announced today that it is "conducting a strategic review of its direct U.S. ETF business in an effort to focus more exclusively on its core competency."
Portfolio managers from Huntington Asset Advisors' US Equity Rotation Strategy ETF discuss their top picks in IT and health care.
Fidelity Investments is reportedly gearing up to make a run at the active exchange-traded fund space, Bloomberg News reports.
The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and shutter nine exchange-traded funds due to the funds' inability to attract sufficient investment assets.
Investors steered an estimated $17.1 billion into exchange-traded funds and notes in July, bringing their total investment in the products to $93 billion for the year.
Emerging markets look strong despite slow growth in the U.S. and trouble in Europe.
BlackRock's Canadian subsidiary has launched five new exchanged-traded funds designed to offer Great North investors exposure to domestic, international, developed and emerging markets while minimizing volatility.
Mirae Asset Global Investments has appointed Howard Atkinson as the Global Head of ETF Sales and Marketing. Atkinson is currently the president of Horizons ETFs Management (Canada) Inc., a subsidiary of MAGI.
Huntingtons second venture into the ETF market will be actively managed and use a sector-rotation strategy.
Discounted exchange-traded fund provider Vanguard now tops the field of leading ETF providers among advisors in another category: favorable impressions.
Olney, M.D.-based Arrow Investments is looking to add active exchange-traded funds and more alternative mutual funds to its quiver.