Asset management

Innovation is key in today's dynamic market. Suni Harford, president, asset management at UBS walks us through two significant innovations she drove in the asset management industry this year — including a ground-breaking approach to climate change and sustainable investing.

Among the decade’s worst performers — those with more than $1 billion in assets under management — were a handful of products with stellar short-term returns.

The additions are expected to include financial advisors and customer service agents, and represent a 15% increase in associates who focus on clients.

Days after completing the purchase of E-Trade, CEO James Gorman’s second major transaction of the year aims to bulk up the firm’s asset management arm.

Demand from clients has some advisors reconsidering sustainable investing strategies.

The market for newly minted stocks has exploded this year, with U.S. initial public offerings raising more than $80 billion so far.

Donald Trump has all but promised to dispute the election outcome if he loses. Wall Street’s taking him at his word.

“It’s not just a shiny object, it’s really about content,” the firm’s head of ETFs and indexed strategies said.

That decision was “heavily debated” and so far the company has found that its operations have fared well with remote work, Jose Minaya said at a conference.

The firm’s talent-analytics associate director had claimed the company hired fewer women than men and that she was paid less than her male counterparts.

BlackRock’s CEO said he fears big ideas and impromptu “water-cooler moments” will be lost as businesses operate remotely via video conference calls.

Despite its risks, the fund has become popular with day traders, who pushed its volume to new highs this month, according to a report.

A rising appetite for achieving specific investment objectives, such as sustainable investing, is the main driver behind the projected rise in their popularity.

As the Fed cuts borrowing rates and supports the investment-grade corporate bond market, some investors are looking for higher returns, an expert says.

Industry veterans have warned that packaging the loans into funds that are easily accessible could pose a risk to retail investors unfamiliar with collateralized loan obligations.

Clients opened almost 1.2 million retail accounts, boosting flows to mutual funds and ETFs, the firm reports.

As the S&P 500 flirts with record-high levels, many participants are mulling whether it’s time to take profits or push for more returns.

While the money held in delisted products is a fraction of the overall exchange-traded market, analysts warn those billions could be time bombs.

“How many minority-owned ETFs do you know?” an advisor asks.

Now, with a flood of day traders entering the market, a memorable moniker could be more valuable than ever.