Law and regulation

AllianceBernstein, the money manager that oversees about $498 billion, ousted CEO Peter Kraus and more than half of the board in a shake-up.

Money Management Executive announced today the winners of this year’s Top Women in Asset Management Awards.

As investors assess the winners and losers from the Trump administration's policies and digest mixed economic data, they aren't endorsing all shares.

For the 33rd consecutive month through December, investors withdrew money from active managers. Last year, passively funds attracted almost $505 billion.

The company is basing its pricing on the idea that not all buyers of its iShares products are the same, and the strategy seems to be working.

The average pay for managers has dropped nearly 14% in three years.

Investors are also loading up on the metal through exchange-traded products, pouring $487 million into SPDR Gold Shares on Wednesday.

So far this year, 1.2 million shares were traded daily on average on the Nasdaq Biotechnology ETF, down from 2.2 million in the same period in 2014.

Millennials have placed 36% of their investable assets into ETFs, which is considerably higher than the 23% allocation on average by all other investors.

A single percentage point increase in ETF ownership has demonstrable effects on an individual stock, researchers said.