Banco Popular de Puerto Rico

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

Outstanding options riding the world’s most heavily traded government debt product are near the highest level this year.

The SEC and FINRA say they’ve held a series of discussions with market participants on how decades-old custody rules might apply to virtual coins.

The firm has shed fund holdings in defensive sectors such as health care and consumer staples.

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

The revamped fund from BP Capital will now track an index of companies that derive “significant revenue” from sustainable energy.

Withdrawals have topped $17.2 billion this year as investor money shifts to low-fee products.

A new report asks whether the products have the potential to spark another crisis despite being created at the urging of the SEC to reduce risk.

The $3.7 million fund returned more than 40% in the second quarter, outperforming all domestic non-leveraged ETFs.

The brokerage may pay about $2 billion for the additional advisory clients, according to reports.