Capital Group Joins BlackRock in Filing for Non-Transparent ETF
The owner of the American Funds family is seeking regulatory approval for a new type of ETF that would support more active management.
New Hire Roundup: BNY Mellon Announces Organizational Changes
Commonfund's president and CEO Verne Sedlacek will step down; Sarr to head ESG investing at Northern Trust Asset Management.
Obamacare Wins U.S. Bond Converts as Slowing Costs Tame CPI
Regardless of what Americans think about Obamacare, reining in health care costs is winning the support of investors in U.S. Treasuries.
Vanguard Takes 90% of ETF Inflows in First Quarter
Vanguard added seven times more to ETFs in the first quarter than rest of the U.S. industry combined.
New Hire Roundup: BlackRock Names Jones CIO for Americas Stocks
In addition, Sibson Consulting announced that Shane Conlon has joined the firm as a senior retirement consultant.
ICI: Too-Big-to-Fail Label Would Hurt Mutual Fund Investors
BlackRock, Fidelity and other U.S. mutual fund companies are pushing back against claims that some firms may be too big to fail.
Fidelity’s Morrison to Succeed O’Hanley as Investment Chief
Charles Morrison most recently was head of Fidelity’s $750 billion fixed income division.
Johnson to Pick a Fidelity Veteran to Replace O’Hanley
President Abigail Johnson has told employees that asset management head Ronald O’Hanley will be replaced by an internal successor.
Fidelity Asset Management Head Ron O’Hanley to Leave
Fidelity plans to replace O’Hanley with an internal successor, whom it didn’t name, according to a note to employees from President Abigail Johnson.
Banned Stocks Held by SEC Employees Trigger Agency Ethics Review
SEC attorneys are reviewing the stock holdings of about 3,400 employees after some New York staffers were found to own securities prohibited by ethics rules.