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.
SEC Proxy Advisory Roundtable to Discuss Conflicts of Interest, Competition
Former SEC Chairman Harvey Pitt will be among the panelists at SEC's Dec. 5 proxy advisory firm roundtable.
Top Portfolio Products: iShares Rolls Out Commodity Trust ETF
Emerging Global Advisors has launched the EGShares EM Dividend High Income ETF, and Edward Jones has plans to introduce its fixed-income mutual fund to some clients.
Top Portfolio Products: New Income Indexes for Pre-Retirees From BlackRock
Plus, Fidelity to launch 10 ETFs with BlackRock as subadvisor, KraneShares rolls out China Internet ETF, and American Century introduces retirement share class.
BlackRock Introduces Income Indexes for Pre-Retirees
A new way for advisors and their older clients to calculate how much annual income they will need in retirement as well as how much they need to save.
Top Portfolio Products: iShares Offers Colombia ETF
Invesco PowerShares launches a new global high-yield bond fund ETF, while Fred Alger rolls out international- and global-growth products.
Top Portfolio Products: New Factor ETFs From iShares
Credit Suisse launches a silver covered-call ETN as North Peak rolls out an inflation-hedged strategy.
New Hire Roundup: Mullis Joins Securities America; BlackRock’s New Strategist
This week in new hires, Michael Mullis became a registered rep with Securities America; BlackRock named Russ Koesterich its new chief investment strategist; and Michael Davis left EBSA for Prudential.
Top Portfolio Products: Retirement Education Program From Commonwealth Financial
Other product launches includes a new IndexIQ ETF, a fund adopted by MainStay and fixed-income analytics from Thomson Reuters and BlackRock.