Passively managed products

Low-cost index funds could be costing investors up to 35 basis points a year.

They may be passive, but they're not standing still. These passively managed funds have yielded enormous returns in the past 10 years.

The firm expects to receive bids this month, according to a person familiar with the matter.

“Expense ratios matter to most people, particularly when you're looking at these mostly passive funds,” an expert says.

Advisors, nervous about the exposure, say they are struggling to get clients to switch things up.

The passively managed fund will be made available to qualified purchasers through family offices, RIAs and other institutions, a person familiar with the matter says.

While Guinness Atkinson pursues the first full mutual fund-to-ETF conversion, similar moves have begun elsewhere in the fund industry.

The fund industry's latest arrivals underline the seismic shifts underway in the business of asset management.

If approved, the firm would be able to issue its own ETFs, although they haven’t registered any individual funds yet.

The fast money has more than three times the impact on equity valuations than long-term investors like pension funds, according to a recent paper.