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The world's largest asset manager is making the move in an effort to lower costs for clients, the company said in a statement.
January 25 -
A revenue boost for the firm's asset-management unit is key and could play a role in raising capital that's been eroded by misconduct charges.
January 25 -
The industry will experience an acceleration of the technology as firms meet data challenges, says Todd Moyer, an executive vice president at Confluence.
January 24
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Firms like the Denver-based money manager that run actively managed strategies have been losing to competitors offering lower-cost mutual funds and ETFs.
January 24 -
The move echoes a larger effort by Wall Street to boost brokerage revenue as investors flee actively managed funds for cheaper products.
January 24 -
Investors have started buying gold through ETFs again as holdings rose 0.9 metric tons.
January 23 -
Two prominent firms recently struck partnerships with tech providers, in part to prepare for the Department of Labor's fiduciary rule.
January 20 -
The White House has made fiduciary part of investors' vocabulary.
January 19 -
Big investors are motivated by signs the world has finally escaped from the decade of limp economic growth.
January 19 -
Competition is forcing fund companies to deliver "outperformance to their clients in new and innovative ways," says ACSI Funds CEO Phil Bak.
January 18
