Markets and indexes

SPIKES, a product from MIAX Options, is being pitched as a lower-cost alternative.

Trade tension and a record-long government shutdown have left many in the “more defensive parts of the market,” one TD Ameritrade strategist says.

Despite its death, Barclays is transitioning assets and trading volume to a nearly identical version of the fund.

The pessimism is especially unusual given that the group’s asset flows haven’t moved opposite the market in more than a decade.

The reduction, which includes 15% of senior management, is part of a larger effort to cut costs and automate more business.

Brexit, worries about trade wars and rising interest rates have prompted a selloff in developed country stocks.

Money managers would be better off selling holdings at random, a study suggests.

Institutional withdrawals amounted to nearly $35 billion in the fourth quarter.

A growing body of research is looking into whether the expanding influence of passively managed funds is making companies less willing to compete.

The firm’s new CEO Ronald O’Hanley is pushing to reduce expenses, automate more functions and simplify organizational structure.