ETFs

The new fund, expected to begin trading next quarter, will carry an expense ratio of less than half the new actively managed offering.

The firm is the latest in a line of big money managers making a late entry into the $5.6 trillion ETF market.

Founder Nancy Davis says her recently converted long-only product reflects the direction of travel for the broader asset management industry.

The flood follows a strong Democratic showing in last week’s runoff elections in Georgia, which tipped the Senate’s control to President-elect Biden’s party.

The move is about “expanding access to high quality growth investing to non-accredited investors,” says Upholdings CEO Robert Cantwell.

The top 20 more than doubled the gains of their fixed-income industry peers.

The top 20 to debut last year by total assets include only three products from BlackRock and none from Vanguard or State Street.

VanEck’s proposal comes at a time when the cryptocurrency has continued to set record highs.

Time and again, they’ve seemingly held up during periods of market stress and proved the skeptics wrong.

Steady inflows showcase the buy-and-hold ethos of the typical Vanguard investor — financial advisors and wealth managers, an expert says.