Bond Investors Just Swapped Credit Risk for Duration Risk
They exchanged $1.9 billion in the two biggest junk bond ETFs for four investment grade ETFs more sensitive to a change in interest rates.
Jackson Enters Private Wealth and Trust Market: Portfolio Products
Millennium Trust and Paychex team up on a new Simple IRA offering for small businesses.
Using Big Data Gives Investing Edge With ETFs, Risk
Big data is about faster, better analytics, that help extract that “needle from the haystack” using the latest data science.
Wells Fargo Finally Launches Its Robo-Advisory Service
Intuitive Investor is available for clients with a minimum $10,000 in assets for a fee of 50 basis points.
Retail Investors Clamor for ETFs as Inflows Grow 19%: Broadridge
Actively managed funds are “falling farther and farther behind in the race for new money and new clients,” Broadridge's Jeff Tjornehoj says.
Cambria Partners With TD Ameritrade on TAMP Alternative: Portfolio Products
In other product news, S&P Dow Jones is now publishing carbon metrics on most of its equity indexes.
Nationwide Joins Insurers' Move to Passive With Smart-Beta ETFs
These are the company’s first passive products to reach the market.
CLS Launches ‘Smart ETF Models’ With No Strategist Fee
The RIA partnered with Deutsche Asset Management, First Trust, J.P. Morgan Asset Management, Pimco and PowerShares.
Franklin Templeton to Launch 16 Passive ETFs
With fees of 9 to 19 basis points, the fund firm joins the low-priced ETF space with country-specific and regional products.
VictoryShares Introduces High Dividend Emerging Market ETF: Portfolio Products
Columbia Threadneedle Investments launched a new target date solution.