Hints and tips:
...led to an agreement, but BlackRock is still conducting a wide-ranging search for an acquisition to bolster its profile in private funds, much as its 2009 purchase of BGI gave it a dominant position in passive...
...The company stipulates that TrueView ads should not be initiated by passive scrolling, “must be audible by default”, and that content between ads must also be “at least” 10 minutes....
...ISS and Glass Lewis, the two biggest proxy voting firms, have significant sway over passive investors and large institutions, which often follow their recommendations on which way to vote on items at AGMs...
...over the 12 months through June, according to Morningstar’s semiannual Active/Passive Barometer report....
...UK ministers are working on a threshold — expected to be under 10 per cent — for foreign state ownership to allow “passive” investment from sovereign wealth funds, which are among investors in listed UK...
...“This can be seen as a structural disadvantage of swap-based exposures, as physical managers have more flexibility to trade around such events,” said Kenneth Lamont, senior fund analyst for passive strategies...
...Further reading: — Super passive goes ballistic; active is atrocious— Why bond funds may be riskier than they seem...
Little-known Brazilian asset manager believes it can assuage SEC concerns around risk of manipulation
...Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, noted that all but one of Ark’s US-domiciled ETFs have suffered net outflows this year, collectively losing $689mn, according to...
...As a result, these indices are not purely passive....
...“This is not something I have seen before,” said Bryan Armour, director of passive strategies research, North America, at Morningstar. “I think it’s problematic....
...In fact, millennials did us a huge favour — we all learnt how to be less passive at work....
...The two businesses complement one another, with UBS Asset Management more focused on active strategies designed for its wealthy clients, while the Credit Suisse business has a higher proportion of passive...
...The asset management subsidiary of French bank Crédit Agricole is keeping Europe in the race for passive scale — an unstoppable secular trend in fund management that has been propelled by US leviathans...
...Jacqueline Beauchere, Snap’s global head of platform safety, also says that it is different from other apps because it focuses less on passive scrolling: “We aren’t an app that encourages perfection or popularity...
...But when it comes to ETFs, “we have seen very, very fast uptake”, said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar....
...We are not passive. We are disruptive,” it says....
...A handful of other companies have recently announced passive-to-active swaps....
...But the benefits of scale in asset management, and passive investing specifically, are becoming clearer....
Market participants say evidence points to increasing participation by large institutional investors
...It’s not a passive approach where someone is going to be able to arbitrage it away,” he added. Neuberger Berman debuted its first three ETFs in April this year....
...Ben Johnson, director of global ETFs and passive strategies research at Morningstar, agrees, pointing out that thematic ETFs tend to “appeal to investors’ appetite for narrative, belonging and the prospect...
...Proxy advisers are influential among passive and large institutional investors, which typically follow their recommendations when voting....
...The recommendations of proxy advisers such as Glass Lewis and ISS hold sway as they are often followed by passive investment funds. An ISS report on Goldman was not immediately available on Friday....
...Not only because it provides a certain level of prestige, but also a stable shareholder base in the form of passive funds that will hold the shares no matter what....
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