Finance

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.

The activity began last Friday when 6.4 million shares hit the tape, fueling a record daily inflow for the fund.

Dan Arnold deployed a five-pronged argument for why consolidation is a recruiting boon for the No. 1 IBD.

Close to 80% of strategists cited competition from the mega-managers as their most significant challenge last year.

The Advice & Wealth Management segment added 72 experienced advisors who affiliated in the second quarter.

While bond investor anxiety previously focused on how the funds respond to abrupt withdrawals, skeptics are now homing in on secondary trading.

The firm isn’t “the high bidder,” and that’s just fine, according to Paul Reilly.

The fintech raised $323 million and is expanding trading of cryptocurrency.

Profitability is improving and all divisions, except the firm’s biggest — wealth management — surprised the market on the upside.

The declining headcount comes even as the firm pulls in several big hires.

With markets near certain that the Fed will lower rates this month, debate has shifted to the size of the cut and its impact.

Advisors say they’re allocating assets based on client objectives, but they likely are not, according to SEI’s survey.

Investors wary of an intensifying trade war have piled into the firm's bond products, boosting net flows to $151 billion, according to the company.