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...Vanguard was ultimately excused from the hearing....
...Case studies cited in the CPA report highlight Vanguard’s role in channelling US clients’ money into subsidiaries of Aviation Industry Corporation of China (Avic) and Aero Engine Corporation of China, aerospace...
...The group has been slowly chipping away at BlackRock’s lead in US exchange traded funds, currently one of the hottest parts of the asset management industry....
...The 33-year veteran led Vanguard’s efforts to expand overseas and helped drive down fees across the industry by repeatedly reducing Vanguard’s charges to investors....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...“As the industry is developing right now, we are staying very close to that conversation,” said Bryon Lake, JPMorgan Asset Management’s global head of ETF solutions....
...BlackRock’s lead in the US exchange traded fund market is being eroded by Vanguard and smaller rivals as firms jockey for a larger slice of the $8tn industry....
...I said this to the staff of the SEC and to Gensler, which is you think that Schwab, Fidelity, Vanguard, Morgan Stanley, E-TRADE, they need to be told where to send their retail orders, like they don’t have...
...Sonja Hutson What does this shift in the US say about the ETF industry here more broadly? Will Schmitt Well, it’s just becoming more competitive....
...Australia’s ETF industry growth is partly thanks to the country’s Future of Financial Advice legislation in 2013....
...However, Vanguard’s equivalent ETFs — the Vanguard Russell 1000 Growth ETF (VONG) and the Vanguard Russell 1000 Value Index ETF (VONV) — grabbed an additional 4.2 percentage points of the four funds’ combined...
...US funds industry....
...Amundi and Vanguard ranked second and third respectively, with inflows of €2.1bn and €1.8bn....
...Asset managers including Vanguard have in recent years bolstered their private equity offerings, but not through the ETF wrapper, he said....
...Among Mondelez’s largest shareholders are Vanguard, BlackRock, Capital Group and State Street Global Advisors. All four declined to comment....
...A US investment boutique has filed with regulators to launch mutual fund share classes of its family of exchange traded funds in the latest attempt by the industry to break Vanguard’s lucrative US-wide monopoly...
...The airline industry is largely united in opposition to the rule....
...“I replied that as someone in the tourism industry, I cannot view everyone as bad.”...
...The steep drop in Vanguard’s support for shareholder resolutions follows similar disclosures by other large asset managers such as BlackRock and State Street....
...Vanguard also voted against JBS’s fiscal council members....
...Last month, State Street and Vanguard estimated that none of their ETFs would pass along capital gains, the companies’ respective websites show....
...BlackRock, Vanguard and State Street are NCR’s three biggest shareholders. “The noise on that [ESG] has come way down for us when we have conversations with investors.”...
Backlash highlights dilemmas of publishers trying to remain profitable in disrupted industry
International Edition