BlackRock Keeps Getting Bigger but Misses Sales Estimates
Rakes in a record $74 billion for exchange-traded funds; but overall revenue fails to meet analysts’ expectations.
IndexIQ Lowers Fees for 3 Currency-Hedged ETFs: Portfolio Products
Also, OppenheimerFunds and Direxion add ETFs; Harvest and Foundation Source launch continuing ed programs.
Bond ETFs Are Hotter Than They’ve Ever Been
Inflows are rising along with the proliferation of new fixed income ETFs, including smart beta funds.
Vanguard Proposes Fund-Advisor Changes
The proposals were sent to the SEC on the same day the firm announced that CIO Tim Buckley would become CEO in January.
Vanguard CEO McNabb to Step Down
Chief Investment Officer Tim Buckley, who joined the firm in '91 as an assistant to then Chairman John C. Bogle, will become CEO on Jan. 1.
The Hunt for Yield: Tackling Misconceptions of PE Real Estate
Private equity real estate is not for every client, but it can be a recession-resilient investment aimed at lowering risks and increasing returns.
Yellen Sees Inflation Key Uncertainty Amid Moderate Growth
But she said it was "premature" to say that inflation won't reach the Fed's 2% target over the next couple of years.
Fidelity Is Said to Dismiss Hundreds of Workers, Axios Reports
Fidelity declined to comment on the report by Axios, which was founded by former Politico veterans Jim VandeHei, CEO, and reporter Mike Allen.
Pimco's Ivascyn Says Trump Jr. Controversy Alters Market Outlook
Likelihood of U.S. reforms dims as distractions increase; the Fed’s path on rates looks gradual as growth prospects slow.
Schwab Expands Commission-Free ETF Offerings
Schwab has added 15 ETFs to the platform, including stock, bond and commodity ETFs, plus one focused on MLPs.