Mutual funds

JPMorgan Chase, which acquired the company in 2008, is still trying to get insurers to foot part of the bill.

The party supports a financial transaction tax to rein in "excessive speculation" and fast traders that have "threatened financial markets."

The wirehouse will be the first full-service wealth manager to offer the new ETF-mutual fund hybrid to clients.

Thanks to the surging popularity of passive investing, MSCI and a handful of its rivals are quietly replacing the giants of money management.

Assets rose to $1.48 billion as of June 30 for the fund.

A new asset management record for Vanguard is another reminder to the mutual fund industry that cost is fast becoming the determining factor to an offering’s success.

When the first ETF launched in 1993, it was anything but clear that these funds would take off, and at first, they didn’t.

In pulling their money out of property funds at such a rapid pace four asset managers froze withdrawals this week, the investors showed how the cost of Brexit is spreading.

Why active managers do better in junk is a pressing question for investors who've poured $61 billion into bond ETFs in 2016.

The firm pulled in $148 billion in new client money during the first six months of 2016, surpassing its previous first-half record of $140 billion set last year, a spokesman said.