Hints and tips:
...A single BlackRock fund accounted for $2.1bn of the third-quarter outflows. Sustainable funds shrank 0.85 per cent in the third quarter, while the industry overall was flat....
...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...
...US funds industry....
...Angela Ashton, Sydney-based director and founder of investment consultancy Evergreen Consultants, said the meagre amount of the fine, which amounted to A$39,960 ($26,873), was probably a reflection of Vanguard...
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. It covers everything from new product launches to regulations and industry trends....
...says Jennifer Choi, managing director of industry affairs at ILPA....
...That in turn is one part of an ongoing liberalisation of the country’s closely controlled financial services industry....
...That is why the annual Deloitte “money league” rankings of the sport’s highest-earning clubs is a much-followed barometer of both industry and club-level development....
...Voya, with $217bn in assets under management, is a minnow compared with the likes of BlackRock, Vanguard, Charles Schwab and State Street. Nor is Voya the only insurer to have pursued diversification....
...Steven Cahillane will take the top role at Michigan-based Kellogg — the maker of Special K and Frosted Flake cereals, Pop-Tarts toaster pastries and Eggo waffles, among others — effective October 2, the...
...Bill McNabbChief executive, Vanguard The global financial crisis underscored the importance of clear and consistent communication....
...If Trent Reznor [of Nine Inch Nails] says ‘Get the f**k out of my way,’ you get the f**k out of his way. Dr Dre said: ‘If you send one of your guys up to my studio they’re not going to make it out....
...At a time when the US is in a paroxysm of tribal discord, the tech industry’s young leaders promote themselves as the vanguard of an enlightened new generation....
...A version of this article was first published by the Nikkei Asian Review on November 4. ©2017 Nikkei Inc. All rights reserved....
...Vanguard also has a strong foothold....
...They require a much older concept: trust. And trust is eroding,” said Carl Levin, a senior Democratic senator from Michigan and chairman of the Senate permanent subcommittee on investigations....
...The Michigan-based group has dubbed the measures “Project K”....
...The shale oil boom around Williston, North Dakota, has created a bonanza for its open-air strips of shops, Mr Mason notes; the corrosion of auto jobs in Detroit, Michigan, has been bad for its malls....
...Some of the largest providers of retirement plans, Fidelity, Vanguard and T. Rowe Price do not plan to add ETFs to their range of 401(k) offerings....
...A third of Vanguard’s 401(k) account holders now invest exclusively through professionally managed accounts, up from just 7 per cent in 2004....
...In 2011, the industry launched a record number of products even though growing numbers of new ETFs are failing to accumulate sufficient assets to be profitable....
...The targets of the banks are Fidelity, Vanguard and Aon Hewitt, which between them administer almost 50 per cent of assets held in 401(k) plans, according to Plan Sponsor, which gathers data from industry...
...“Universal has seen a massive increase not just in attendance, but in per guest spending,” says Robert Niles, editor of ThemeParkInsider.com, an online publication that tracks the industry....
...A University of Michigan survey in May found a significant drop in the stock prices of Norwegian companies when the law was announced and a large decline in Tobin’s Q – the ratio between a company’s market...
...A few of its funds are among the most widely distributed in the 401(k) plan channel, including its 500 Index Fund and the Institutional Index Fund, according to BrightScope research....
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