Asset managers

By slashing fees, custodians are also eliminating special ETF platforms they had spent the past five years building out.

The strategy has in theory made no money for investors 42% of the time since 2018, new research shows.

Despite recent rebranding efforts, the EventShares fund hasn’t seen an inflow since May.

In a little-noticed rule change, mutual funds no longer disclose their shrinking BD commission load-sharing payments.

“Not every muni is trying to achieve the same thing,” an expert says.

Geopolitical friction and a slowdown in global economic growth have boosted the metal’s demand despite signs of recent wavering.

The change, the regulator says, will facilitate greater competition and innovation in the ETF marketplace, leading to more choice for investors.

Fee compression and commoditization of investment products over the past decade are threatening already slim margins in asset management.

Since this March, almost 100 firms have settled with the regulator for approximately $173 million. Other cases are still pending.

Among the honors this year by NICSA are awards for operational excellence, and advances in product development and technology.