State Street

An index of asset managers and custody banks has lost almost a quarter of its value this year.

The deluge into the retail-friendly vehicles comes as the S&P posted declines in 19 of 24 days since peaking in September

The new fund is part of State Street’s larger plan to push into so-called thematics.

Some have piled into utilities and long-duration Treasury hedges, while others bulked up exposure to rate-sensitive banks and a chunk did a bit of both.

While sector holdings previously were pretty similar among issuers, distinctions as a result of the shuffle are expected to be stark.

The fund recorded its biggest inflow since inception a week before plans from the S&P and MSCI to group together internet and media stocks.

The equal-weighted nature of XBI gives the fund greater exposure to developing companies than similar products.

The SPDR fund’s assets have surged over 23% this year to a record $16 billion as the retailer inches closer to America’s second trillion-dollar company.

Investors moved nearly 2 million shares worth $55 million into two SPDR funds in a matter of hours.

Elkhorn Capital is being sued by investors who say its founder misrepresented a marketing relationship with Barclays.

State Street and Goldman Sachs are planning a series of funds that would invest in everything from robotics to deep-sea exploration.

The biggest losers so far? High yield bond and large value products.

Inflows have slowed? Actively managed funds would like to have that problem.

The firm plans to expand access to its line of low-cost funds to roughly 1,800, including those from BlackRock, Schwab and SSgA.

The banker was accused of directing a scheme that tacked hidden fees onto billions of dollars’ worth of trades by sovereign funds and other investors.

Issuers and investors stand to benefit from the provision, which makes it easier for managers to select securities for their funds, but not without risk.

Engagement with companies beyond the firearms industry is a better solution, Calvert Research says.

The products exceeded their previous monthly flows record by nearly 30%.

It paid in 2017 to be a penny-pinching retiree because target-date funds dominate the cross-section of profitable and cheap.

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