S&P

The closure could signal that remaining retail players are short on patience for neutered products.

The asset manager's flows are down 42% year-over-year. The industry: 50%.

Treasury yields have fallen in response to tariffs imposed by the Trump administration, making defensive sector holdings more attractive.

Single-day drops are 20% bigger on average than gains, the widest gap in seven decades.

The funds, which account for roughly 1% of the $3.5 trillion of assets in ETPs, “pose real risks to American families.”

The framework targets so-called plain vanilla funds, yet leaves in place a more laborious path for firms wishing to list complex products.

Volatility has returned in 2018, while easy stock gains have vanished.

In light of recent losses, risk models will tell managers to cut their exposure to the factor, which could cause a systematic sell-off.

Investors yanked $7.7 billion from emerging-market equity and investment-grade credit funds due to trade tensions and tightening monetary policies.

Even profitable bond managers will have to up their game to remain relevant because in many cases investors have better options.