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...The latter has instructed advisers to carry out mutual due diligence with “multiple interested parties”. But low share prices mean growth will remain an issue....
...Even so, the alternatives to mutual funds have fundamentally reshaped the investment marketplace, as customers opt not just for ETFs but also separately managed accounts and collective investment trusts....
...Eventually the mutual fund is dead.”...
...Explaining the verdict, the presiding judge Annette Zander said that the defendant and the late banker had been a “good team” which functioned based on mutual trust and required little need for co-ordination...
...It is the sixth US asset manager to do so, joining Morgan Stanley, PGIA (the US division of Australia’s Perpetual), Dimensional Fund Advisors, Fidelity and First Trust....
...Many of the largest fund companies, including BlackRock, have ramped up their suites of collective investment trusts and separately managed accounts over the years....
...The move is particularly notable, given that the Boston-based house created the world’s first mutual fund, the Massachusetts Investors Trust, in 1924....
...There’s also a trio of JPMorgan Hedged Equity Funds (mutual funds each with somewhat different reset dates) that together manage another $25.6bn....
...“This is one of the most fundamental changes in the asset management market,” he said, noting that mutual funds shed about $800bn in assets last year, and ETFs — not coincidentally — gained . . . $800bn....
...Annabel Brodie-Smith, head of the Association of Investment Companies, the industry body for investment trusts, says investment trusts have been slower than open-ended funds (conventional mutual funds or...
...But in the interim — unfortunately for pension funds, mutual funds, and retail investors — the market value of sovereign debt, at least for dicier credits, will probably plummet....
...Managers based in the Asia-Pacific who trade in US-listed equities, American depositary receipts and bonds as well as mutual funds and exchange traded funds with exposure to US securities, currently have...
...For investors without new funds to invest in, one option can be the “sister” investment trusts to some open-ended funds — conventional unit trusts or mutual funds — that follow the same investment goals...
...The SFC authorised 29 new unit trusts and mutual funds, including 19 locally domiciled funds, during the third quarter, as well as 122 unlisted structured investment products for public offering in the territory...
...Like mutual funds, ETFs hold assets — just bitcoin, in this case — but they trade on exchanges like stocks and usually enjoy preferential tax treatment in the US....
...Growth in onshore active mutual fund assets has been strong but not as impressive as ETFs....
...Active mutual funds experienced outflows of more than $50bn in the first three months of the year, according to Morningstar Direct, hurting large asset managers such as Capital Group, T Rowe Price and Franklin...
...Both firms have converted existing mutual funds to ETFs, a process that allows funds to build on existing asset bases instead of starting from scratch....
...compared with the trillions held in US mutual funds....
...The rest of the $166bn quota is held by banks, insurers and trust companies....
...ETFs hold assets like mutual funds but trade on exchanges like stocks and usually enjoy preferential tax treatment in the US....
...For now, mutual mistrust between the president and western fund managers still simmers. Investors are placing a lot of faith in Şimşek as the crucial whisperer between them....
...In many European countries, asset managers can pay financial advisers a commission to recommend an actively managed mutual fund....
...Trust me, I’m Finnish Alexander Stubb wants everyone to calm down....
...Redemptions for a mutual fund traded in the US, with underlying securities in the UK, will need clearing in a day. Underlying share sales would take two....
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