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.

More than 70% of U.S. ETF assets are in funds that charge 2 basis points or less, data show. But free isn’t an automatic ticket to success.

The asset managers and a U.S. family office collectively bought a 14.4% position in the company ahead of its IPO, a person familiar with the matter says.

The cost savings of peer-to-peer trading could prove appealing in a world where profits are being squeezed by a race to the bottom on fees.

Deviation from the broader market has left more than half of these products with losses during a time the Dow and S&P 500 each posted double-digit gains.

Asset managers and traders who stand to gain bought credit default swaps in the 178-year-old company.

The strategies will invest in corporate bonds and large companies that issue high dividends, or have a growth or value tilt, documents show.

At 84 basis points, the average expense ratio is over 40 basis points pricier than what investors paid on average last year.

The annual “evolution revolution” report and an analyst’s overview show how fiduciary advice is reshaping wealth management.

Cloning funds and shifting client cash may be Wall Street’s best hope for challenging the dominance of firms like State Street, BlackRock and Vanguard.

Narrowly focused investment strategies are a recipe for “feast or famine,” an analyst says.