Fund performance

As the recent skirmishes show, both firms see room for more large players in the ETF market.

Speculation is mounting that Fed officials, in a statement scheduled for release on Sept. 21, will signal that higher U.S. interest rates are on the way.

Assets in fixed-income ETFs swelled to A$2.32 billion ($1.7 billion) at the end of August.

Kim is leading Principal's charge into ETFs, which he called a natural complement to the mutual funds that the insurer already offers.

"A sooner-than-expected hike could result in these stocks trading up sharply, but the options market is largely discounting / overlooking this possibility," strategists wrote in a client note.

The S&P 500 Index's 2.5% selloff left 52% of its members at a 20-day low.

BlackRock is joining firms including Paulson, Manikay Partners and Arrowgrass Capital Partners that have recently raised dedicated merger funds.

Even in the meltdown, investors continued to show aversion to the defensive industries that led the market in the first half, with utilities, phone companies and REITs bearing the worst of the losses.

Low-beta ETFs plunged even more than the broader market, extending a move that began two days earlier.

Banks and investment funds are hiring quants — people with training in physics or higher mathematics — as market intervention by central banks make it difficult to post robust profits.

Gold has rallied 27% this year as the Federal Reserve held off on raising U.S. interest rates.

The positioning leaves the biggest speculators at odds with an increasingly skeptical analyst contingent on Wall Street.

Bossen joined as director of ETF business development at the institutional intermediary division and will focus on the IndexIQ unit that MainStay acquired last year.

The world’s largest mutual fund company attracted $198.4 billion in the first eight months of this year.

Leveraged strategies may include selling volatility or dabbling in derivatives tied to interest rates or corporate credit.

With about $68 billion in assets in funds tracking it, the real estate industry has more money invested in it than any of the other main industry classifications.

The dollar strengthened and Treasuries extended their steepest monthly loss since June 2015 amid hawkish rhetoric from Federal Reserve officials over the past two weeks.

Aside from being impractical to build in the infancy of computers, an index fund, at one time, was an insult to investors who prided themselves on picking the best stocks out of thousands.

Since December, almost $90 billion has been withdrawn from mutual and ETFs, exceeding outflows from all but one year at this point of time in data going back to 1984.

Federal Reserve Chair Janet Yellen’s speech Friday was hawkish enough for Goldman Sachs to boost the odds of a September interest-rate increase, while Pimco said there was nothing of note in her remarks.