Vanguard

The firm says it's likely to benefit from the strategy by luring new clients and earning fees on securities lending.

The proposal would lay out formal steps for setting up less-complicated funds.

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

Brod will step in just after the board's controversial new code of ethics and standards takes effect in 2020.

The funds raked in a combined $840 million last week despite competitive hurdles banks typically face going up against money managers’ core products.

Rapid developments in financial technology are among the industry’s top operational challenges, asset managers say.

Passive funds attracted new cash even if their returns were negative.

Investors have found the sector attractive again as Treasury yields dropped to 2.8% in six days.

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

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