Finance

The bank, which has made wealth management its central focus, plans to charge its Swiss clients an annual fee of 0.6% on deposits of more than 500,000 euros.

Anticipation of a prolonged U.S.-China conflict is mounting, and “it’s possible that a currency war will start as well,” an executive says.

Data reported by the Investment Company Institute.

CEO Philip Sanders admits the past two years of the segment’s overhaul have been “a grind,” but he says it’s now ready to grow.

FNG is one of a growing number of actively managed ETFs that have the freedom to tune their exposure whenever they want.

Managers will actively evaluate an asset’s characteristics — its value or momentum, for example — to determine what to buy.

Some of the same features that led to their unpopularity may also be what uncorrelated them from their peers, an expert says.

Withdrawals have topped $17.2 billion this year as investor money shifts to low-fee products.

The revamped fund from BP Capital will now track an index of companies that derive “significant revenue” from sustainable energy.

The firm has been picking off talent from rivals, primarily wirehouses.