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FM fund to drop its peg to current MSCI index to achieve ‘greater flexibility’
Investors pulled more than $10bn from index-tracking ETFs in February, while active peers attracted $8.6bn
Rival iShares, however, was bestselling manager in November
Move is the group’s third shake-up of leading roles at the company in three months
The $24.2bn to Vanguard ETFs was nearly four times the iShares total
New 3 basis point fee for Core US Aggregate Bond ETF comes in below Vanguard’s equivalent fund
Move follows AXS Investments’ decision this month to apply to SEC for 18 single-stock products
The proposed change to legislation would help fund Joe Biden’s $3.5tn budget package
Asset manager’s $4.4tn long-term mutual funds range bled $41bn in year to end of August, Morningstar data show
Move comes after similar decision by US Federal Reserve, which has $8.7bn in ETFs
An evening of seamless improvisation from a free-jazz guitarist and a top-notch trio
Shareholders have a history of rebelling against steep executive compensation
Robust growth draws foreign cash, but democratic reforms lag behind
Former employee wants whistleblower protection over allegations of decades-long tax evasion
Index company accused of stealing idea for volatility benchmarks
Four shareholder lawsuits claim company’s US-domiciled mutual funds overcharge investors
Asset management arm expands defined contribution offering via ‘stable value’ funds
Top US managers have yet to tap the vast A-shares market
Low supply of issuance and anti-tax exemption sentiment are problematic
Dodd-Frank namesake rejects push for tougher asset manager oversight
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