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Investors may be put off by the costs associated with these funds, which had an average expense ratio of more than triple their peers.
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The two companies have deep ties and are now formalizing the bond.
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The shift comes after the bank reported its first quarterly loss since 2008.
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Sean Campbell is chief economist and head of policy research at the Financial Services Forum.
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Bryan Statham is CEO of RxBenefits, a technology-enabled pharmacy benefits optimizer (PBO) with more than 500 pharmacy pricing, data, and clinical experts working together to deliver prescription drug program savings to employee benefit consultants and their self-insured clients.July 15 -
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