Vanguard

Funds focused on the sector lost more than $2.4 billion in August, the most since 2016.

Firms had problems related to equities, options and cryptocurrency trading as well as slow websites and mobile apps.

The ready-made strategies have been around for years, but in an era of fee wars and ETFs its popularity is exploding.

Increasing Black representation poses challenges that adding women may not: Most women elected to boards had professional connections with the white men who still dominate boardrooms.

About two dozen advisors are using the software now, and the firm is making changes based on their feedback, an executive says.

Despite besting the broader market over the long-term, those at the top have underperformed in the first half of 2020.

The leaders raked in a combined $949 billion over the past decade.

A “distribution bump” from the commission-free trading trend that took hold late last year may be behind the surge, analysts say.

Some of the industry’s biggest players are taking a wait-and-see approach as active, non-transparent funds take their crucial first steps.

The central bank is now the third largest holder of the $54 billion iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).