Finance

The results were “not just predicated on expense ratios,” an expert says.

The State Street fund has climbed 68% since falling to a more than seven-year low in March.

The venture fund comes just months after UBS named ING's Ralph Hamers, an outspoken champion of digital banking as its next CEO.

State Street’s stockpile takes up one corner of a vault in a system that stores bullion on behalf of central banks, sovereign wealth funds and others.

Firms founded by Jason Wenk allegedly failed to oversee a former advisor accused of investing clients in unregistered securities.

As liquidity disappeared amid the coronavirus-sparked mayhem, veteran fixed-income portfolio manager Gemma Wright-Casparius saw opportunities.

The central bank plans to make both outright purchases of corporate bonds as well as funds potentially invested in sub-investment grade debt.

Amid the coronavirus pandemic and lockdowns, advisors are relying on the firm’s technology more than ever.

The IBD network had been preparing for disruption, CEO Adam Antoniades says, and it has the financial flexibility it needs to boost financial advisors’ practices.

Despite recent upheaval, some clients will still be shocked their portfolios have shown declines.

Withdrawals this year have equaled almost half of last year’s inflows, leaving Pimco with net outflows of $46.8 billion in the first quarter.

“This is all about having the flexibility and having multiple options for our investors,” says GSAM’s head of ETF strategy.

Crush of inflows to money-market funds has come even as the funds’ own yields approach zero.

“The world has become more digital, less global and more local,” says Amy Lo, co-head of the firm’s Asia Pacific wealth division.

The privately held firm recruited more than 160 reps in the first quarter on the strength of its balance sheet, CEO Amy Webber says.

With marketing, reporting and the Junxure CRM, the acquisition brings much more than a robo advisor to the asset manager.

CEO Dan Arnold says the pandemic “will create some structural change across the market and the industry.”

Many of the executives selected this year say the industry’s future may lie in its sudden change to a fully virtual business model.

Funds advised by Katie Koch, whose firm has about $1.8 trillion under supervision, are beating their benchmarks at an 80% rate in 2020.

The S&P CoreLogic Case-Shiller home price index hasn't yet reflected the impact of the coronavirus, but an independent market maker has some thoughts on how it might.