ETFs

The large number of closures in equities and “other” categories could not be offset by new additions, Index Industry Association research shows.

The SEC’s recently passed ETF modernization rule, which expands choice in the market, “is probably the end of the mutual fund industry.”

Appetite for cyclical plays like financials has picked up as trade negotiations between the U.S. and China show signs of progress.

Despite their high fees and double-digit returns, nearly all have even outperformed themselves so far this year.

Worries about the proliferation of new funds were high at the first Bogleheads conference without the company’s former leader.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

The top 20 nearly doubled their gains over the last year, data show.

Data reported by the Investment Company Institute.

More than $1 trillion is invested in bond ETFs, with trading leaping 41% in 2018 from a year earlier, according to research.

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