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...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
...BlackRock, the most successful of the new ETFs, had inflows of $527mn this week but others, such as Invesco, Franklin Templeton and Valkyrie, had minimal inflows....
...Two years ago Franklin Templeton launched a tokenised fund but had attracted only $360mn in assets by the end of March....
...“You have this huge concentration of seven stocks, and that’s risky,” said Jenny Johnson, the chief executive of active manager Franklin Templeton....
...Bitcoin ETFs from iShares, Fidelity and Cathie Wood’s Ark Investment Management have taken in the most new cash since their launch, while similar products from Wisdom Tree, Valkyrie and Franklin Templeton...
...The funds, which include those from BlackRock, Franklin Templeton and Invesco, have attracted net inflows of nearly $4bn, according to ETF.com....
...This helped fuel expectations that the newly approved spot bitcoin funds would have rapid growth....
...It offers funds of funds that give institutional investors access to private debt, infrastructure and private equity strategies....
...Exchange traded funds have taken over as the dominant holding in the fast-growing multitrillion-dollar US model portfolio market, helping to turbocharge their already rapid growth....
...The new funds, which include those from BlackRock, Franklin Templeton and Invesco, have had net inflows of $871mn, according to data from CoinShares, a digital asset manager....
...Vanguard has no immediate plans to add spot bitcoin exchange traded funds to its platforms, the company said, even as trading volumes ramped up on rival platforms....
...The inflows into 11 new bitcoin exchange traded funds that received US regulatory approval in January went into reverse this week....
...Mobius spent the bulk of his career at Franklin Templeton, where he launched one of the world’s first funds dedicated to growth economies in 1987, and grew the Templeton Emerging Markets Group’s investments...
...Ark leaks cash Growth stock fan Cathie Wood is bleeding assets after she missed out on the AI stock boom and tethered her closely watched fund to Tesla, The Wall Street Journal writes....
...Meanwhile, passive funds, including exchange traded funds, are enjoying fee revenue growth of €500mn in 2023 compared with the previous high in 2021....
...Asset managers including Franklin Templeton and T Rowe Price have also been snapping up private markets specialists as they seek to counteract the growth of ultra-low fee index funds....
...But given its estimate of 3.7mn indices in 2018 and reported annual growth rates of ca 3–5 per cent since then, there are now well over 4mn indices of different stripes....
...In recent years, Franklin has developed a reputation as an aggressive acquirer when many middle-sized asset managers are being squeezed by the growth of index funds and the need to invest in technology....
...Fixed income funds reported inflows of $42bn and equity funds received $18bn, for total long-term flows of $76bn....
...Factors driving the massive ETF growth include mutual-fund-to-ETF conversions, newer entrants to the ETF market and huge inflows to standalone funds, said Andrew Guillette, vice-president of global distribution...
...“In the wealth channel, [sales] is a blocking and tackling game,” said Jenny Johnson, the chief executive of Franklin Templeton....
...Vanguard chief executive Tim Buckley is stepping down at the end of this year after six years, following a period of rapid growth that included the $9tn asset manager coming under fire for its stance on...
...For the euro area, it cut its growth projection to 0.9 per cent from 1.2 per cent....
...For instance, Franklin Templeton’s INCM costs 38 basis points, compared with 62bp for the nearest mutual fund alternative. “It creates competition for their existing products,” said Armour....
...That creates a rare growth opportunity for firms that can offer what they want. “Client buying patterns are changing....
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