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BlackRock enters the TikTok sphere
FINTECH FEB 04, 2022
BlackRock enters the TikTok sphere

The world's most influential money manager is the latest financial giant to make an appeal to younger investors on the viral video platform.

Cryptocurrency giant launches push to become ‘world-class ETF issuer’
ALTERNATIVES FEB 03, 2022
Cryptocurrency giant launches push to become ‘world-class ETF issuer’

Future of Finance ETF is designed to track companies that are 'actively building and advancing the digital economy.'

Janus Henderson investors pull $5.2 billion as exodus persists
MUTUAL FUNDS FEB 03, 2022
Janus Henderson investors pull $5.2 billion as exodus persists

The fourth quarter marked the 17th straight quarter of net outflows for the asset manager, giving activist investor Nelson Peltz more leverage to push for changes.

Bonuses rain on Wall Street bankers as pay packages swell
PRACTICE MANAGEMENT FEB 02, 2022
Bonuses rain on Wall Street bankers as pay packages swell

It’s a long-awaited moment for a generation of rising executives who’ve spent years missing out on the riches reaped by those before them.

Worst-ever outflows for SPY ETF as QQQ bleeds most since dot-com
MUTUAL FUNDS FEB 02, 2022
Worst-ever outflows for SPY ETF as QQQ bleeds most since dot-com

Monday rally met with biggest SPY exit in almost four years as investors ditched largest ETFs during January stock drama.

60/40 portfolio suffers worst loss since March 2020
EQUITIES FEB 01, 2022
60/40 portfolio suffers worst loss since March 2020

Both equities and bond prices dropped sharply in January as markets priced in a faster pace of interest-rate tightening during 2022 from the Federal Reserve.

Rising crypto star faces SEC, volatile markets
ALTERNATIVES JAN 31, 2022
Rising crypto star faces SEC, volatile markets

Ophelia Snyder, 29, is already managing $2.5 billion. She is now teaming up with Cathie Wood to bring a Bitcoin ETF to the U.S. — if regulators allow it.

UBS gets dose of digital disruption
FINTECH JAN 31, 2022
UBS gets dose of digital disruption

CEO Ralph Hamers is on a mission to pull UBS into the digital age, and last week's announcement of the bank's acquisition of robo-adviser Wealthfront was his first move.

BlackRock navigates a divided America
RIA NEWS JAN 28, 2022
BlackRock navigates a divided America

In oil-rich Texas, BlackRock is being castigated by the GOP establishment for even talking about reducing greenhouse gases. In West Virginia, where King Coal reigns, it’s been cut out of a state treasury fund.

Forgotten BlackRock ETF posts mystery $3.7 billion inflow in day
MUTUAL FUNDS JAN 28, 2022
Forgotten BlackRock ETF posts mystery $3.7 billion inflow in day

The IShares MSCI Kokusai ETF started the week managing less than $200 million, and its assets hadn’t been above $500 million since 2014.