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In the last five years, the universe of sustainable funds has increased almost 70% to $760 billion in European and U.S. mutual funds and ETFs.
March 27
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The firm’s founder “knowingly engaged in a multi-year scheme to mask the poor performance of one of the funds’ largest investments,” the SEC alleged.
March 26
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While a broad-market stock ETF generates fees of as little as 20 cents for every $1,000 invested, AI products range from $1.80 to $8.
March 25
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The purchase will add to one of the asset manager’s key businesses, Aladdin.
March 22
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Despite the weakest one-year performance, these funds had double-digit annualized returns the past three years.
March 20
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After expanding into a $7 trillion industry, index funds are facing slower asset growth and declining fee revenue.
March 20
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The deal to add ready-made packages of funds to the firm’s asset management arm is expected to close in the first half of the year.
March 19
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Outperformance has been driven in part by a push among investors to cut their tax bills after new limits were set on state and local deductions.
March 19
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The products have already attracted $1.3 billion in new assets this year, more than half what they took in during 2018.
March 15
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The products invest in private equity, hedge funds and real estate for the bank’s wealth management arm.
March 15
