Special Program Root Tag

The famed investor recommends 90% large-cap U.S. stock and 10% short-term government bonds. Is it a crazy idea?

Issuers are creating multi-factor funds that offer exposure to several return-enhancing characteristics.

Part of the risk in any pivot to private equity is whether it would be essentially pawning what has been until recently a diamond of a business model.

Name changes are coming to 94 of the firm’s long-term mutual funds.

Advisory groups with over $500 million in client assets dominate the industry. Still, many choose to go it alone.

The firm plans a 0.2% to 0.5% allocation to the products in its global and international fixed-income index portfolios.

Data reported by the Investment Company Institute.

Direxion’s Rob Nestor and David Mazza weigh in on hiring and compensation strategies, ETF space developments and the rise of robos.

Asset managers have felt the pressure as volatility roils global markets and investors continue to demand low-fee funds that require far fewer workers.

“Just like equities, last year was a volatile year and the fourth quarter of 2018 did a number on the returns of risk assets,” an expert says.

In the last five years, the universe of sustainable funds has increased almost 70% to $760 billion in European and U.S. mutual funds and ETFs.

The firm’s founder “knowingly engaged in a multi-year scheme to mask the poor performance of one of the funds’ largest investments,” the SEC alleged.

While a broad-market stock ETF generates fees of as little as 20 cents for every $1,000 invested, AI products range from $1.80 to $8.

The purchase will add to one of the asset manager’s key businesses, Aladdin.

Despite the weakest one-year performance, these funds had double-digit annualized returns the past three years.

After expanding into a $7 trillion industry, index funds are facing slower asset growth and declining fee revenue.

The deal to add ready-made packages of funds to the firm’s asset management arm is expected to close in the first half of the year.

Outperformance has been driven in part by a push among investors to cut their tax bills after new limits were set on state and local deductions.

The products have already attracted $1.3 billion in new assets this year, more than half what they took in during 2018.

The products invest in private equity, hedge funds and real estate for the bank’s wealth management arm.