Asset management

The large number of closures in equities and “other” categories could not be offset by new additions, Index Industry Association research shows.

The SEC’s recently passed ETF modernization rule, which expands choice in the market, “is probably the end of the mutual fund industry.”

It's no exaggeration to say rock-bottom fees are an existential threat to many asset managers. However, technology could still save the day.

The move comes amid years of mediocre returns posted by hedge funds, prompting investors to pull money and demand lower fees.

Many lenders have started to scale back as the fund industry copes with reduced demand for research following MiFID II.

The downside for their clients, however, is it may obscure just how much credit risk they’re exposing themselves to.

Seema Hingorani will help oversee relationships with the firm’s largest clients and create a new training program to develop talent.

Data reported by the Investment Company Institute.

More than $1 trillion is invested in bond ETFs, with trading leaping 41% in 2018 from a year earlier, according to research.

The RobustWealth and Wells Fargo acquisitions are boosting the firm’s technology and scale as firms of its type diverge on their approach to a changing industry.