Special Program Root Tag

So-called buffer funds have attracted over $2 billion worth of inflows so far this year.

Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be corrected.

The $4.64 billion fund lost 75% of its value in two months.

The U.S. lender was able to sell its stock within four days of discussing its plans, BlackRock CEO Larry Fink says.

The firm joins a growing number of asset managers offering hidden-asset products.

The results were “not just predicated on expense ratios,” an expert says.

The State Street fund has climbed 68% since falling to a more than seven-year low in March.

State Street’s stockpile takes up one corner of a vault in a system that stores bullion on behalf of central banks, sovereign wealth funds and others.

As big banks adopt off-the-rack approaches to reopening skyscrapers to armies of employees, the asset management industry’s solutions are much more bespoke.

Total assets held by the central bank rose to a record $7.04 trillion in the week through May 20.

Corporate-debt funds have led the intake since the central bank first announced its Secondary Market Corporate Credit Facility in March.

“Just because someone’s charging 1% doesn’t mean you should take them off your list,” an expert says.

As liquidity disappeared amid the coronavirus-sparked mayhem, veteran fixed-income portfolio manager Gemma Wright-Casparius saw opportunities.

Given that I must disclose on my Form ADV that we accepted the aid, I had to ask myself difficult questions about possibly over-zealous regulatory scrutiny as well as my firm's reputation, this advisor writes.

New digital tools have boosted advisors' ability to reach more — but not all — clients.

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

The central bank plans to make both outright purchases of corporate bonds as well as funds potentially invested in sub-investment grade debt.