Asset management

The BNY Mellon Womenomics Fund, which picks companies that hire and promote women, has beaten the benchmark Topix every year since its inception.

The S&P index of 18 asset management firms and custody banks is down nearly 11% this year, compared with a gain of more than 8% for the broad S&P 500.

The firm gathered nearly $1 billion since creating the industry’s first free index mutual funds in early August.

The expense ratios for these funds were closer to that of the average actively managed equity mutual fund.

While the industry scores relatively low in its digital capabilities, firms that invest in technology are growing nearly twice as fast as their peers.

A comprehensive sales-report system can help prioritize marketing efforts, and communicate information quickly and clearly to advisors.

The Fidelity Zero Total Market Index Fund attracted $753.5 million through Aug. 31, while the Fidelity Zero International Index Fund gathered $234.2 million, according to Fidelity’s website.

After two to three years into recovery from the region’s 2015-2016 downturn, one manager says there’s a rising chance of a shortened economic cycle.

Just over half of all asset managers either have or are planning a “limited” number of machine learning initiatives.

Playing both sides of the coin may be one of the few ways to avoid getting caught by this year’s schizophrenic market.