Investments

New chief product officer Michael Korcuska’s resume includes Weight Watchers and LinkedIn instead of finance or technology.

The pandemic has sealed the fate of small, niche offerings that have failed to gain traction.

Crush of inflows to money-market funds has come even as the funds’ own yields approach zero.

“The world has become more digital, less global and more local,” says Amy Lo, co-head of the firm’s Asia Pacific wealth division.

Economic damage wrought by the coronavirus has not stopped investors from piling into the companies able to churn out profits in the stay-at-home world.

The purchase comes as active asset managers feel intensifying pressure to bulk up as they face stiff competition from passive and index-tracking funds.

The demand is there but it isn’t easy to pull off, according to one custodian that’s already done it.

The combined fund, expected to finalize later this year, will retain the Windsor name and continue to focus on large- and mid-cap value stocks.

Brokers and fund managers are turning to innovation to remain competitive and capture new customers.

Renewed friction between Washington and Beijing threatens to undermine a trade deal signed only months ago, further jeopardizing global economic prospects.

Citadel Securities is humming at record pace as the coronavirus upends finance, moving dozens of employees and their families to a work-from-resort bubble.

With marketing, reporting and the Junxure CRM, the acquisition brings much more than a robo advisor to the asset manager.

Even some of the industry’s cheapest products “may be overpriced” in that they’re “mirroring a passive index,” an expert says.

The central bank said it “will generally not purchase shares of an ETF that are trading at a premium” of 1% above its net asset value.

As the S&P 500 bottomed in late March, mom-and-pop darlings enjoyed weeks of inflows. Since then, the trend has shifted.

CEO Dan Arnold says the pandemic “will create some structural change across the market and the industry.”

“Concerns over the program's ability to pay promised benefits have been around for a long while, but they're heightened,” an expert says.

Many of the executives selected this year say the industry’s future may lie in its sudden change to a fully virtual business model.