Banco Popular de Puerto Rico

Plans from S&P and MSCI to recategorize internet and media stocks would blend some of the year’s best-performing equities with the worst.

After building an empire on passive funds, the world’s largest asset manager is readying a suite of actively managed funds.

The Senate’s plan requires that holders of more than one batch of a particular security, known as a lot, sell the one they’ve retained the longest first.

Coming up with a solution will be challenging because of U.S. sanctions.

The metal has advanced 1.7% this month and is up about 12% in 2017.

“It would almost be irresponsible if you weren’t thinking about moving,” says Bruce McGuire, founder of the Connecticut Hedge Fund Association.

The startup aims to work with exchanges, over-the-counter venues and fund accountants as digital currencies gain more mainstream acceptance.

The seven funds are expected to begin trading in the first quarter.

Investors would be required to sell the shares they purchase first, which often is the lot that has the most gains and thus generates the bigger tax hit.

Analysts are worried that flows to passive funds may create lockstep moves between shares, distorting the market.