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BlackRock investors flee long-term funds
INVESTING MUTUAL FUNDS APR 16, 2020
BlackRock investors flee long-term funds

During the first quarter, the asset manager saw about $19 billion in withdrawals from its mutual funds and ETFs, but $52 billion in inflows for its cash management business

Billionaire clients at UBS keen on turnaround opportunities
INVESTING ALTERNATIVES APR 16, 2020
Billionaire clients at UBS keen on turnaround opportunities

The firm's sophisticated investors are looking at opportunities ranging from refinancing existing debt to addressing margin calls

Robinhood raising $250 million in new funds
ADVISOR NEWS FINTECH APR 16, 2020
Robinhood raising $250 million in new funds

The funding would put a value of about $8 billion on the online brokerage, which has suffered repeated outages during the recent market turmoil

Fed's ability to buy ETFs may ensure it never needs to
INVESTING MUTUAL FUNDS APR 15, 2020
Fed's ability to buy ETFs may ensure it never needs to

The Fed's signal alone was enough to loosen the cash crunch that had been squeezing global credit markets

Gold digs in near seven-year high as ETFs swell again
INVESTING MUTUAL FUNDS APR 15, 2020
Gold digs in near seven-year high as ETFs swell again

The precious metal is being supported by predictions of the deepest global recession in generations and expectations of prolonged stimulus efforts

IRS warns stimulus payments will attract scammers
ADVISOR NEWS REGULATION AND LEGISLATION APR 15, 2020
IRS warns stimulus payments will attract scammers

The payments present opportunities for scams, identity theft and low-tech crimes such as stealing checks from mailboxes

JPMorgan profit falls to lowest since 2013 on pandemic
RIAS RIA NEWS APR 14, 2020
JPMorgan profit falls to lowest since 2013 on pandemic

The damage at the bank hints at what's to come as the rest of Wall Street reports results this week

ETF investors go all-in on stimulus with $17 billion stock bet
INVESTING MUTUAL FUNDS APR 13, 2020
ETF investors go all-in on stimulus with $17 billion stock bet

The health care sector leads equity ETF flows with almost $3 billion added

Goldman says U.S. stocks have probably bottomed
INVESTING EQUITIES APR 13, 2020
Goldman says U.S. stocks have probably bottomed

The unprecedented support from policymakers and a flattening viral curve have 'dramatically' cut risks to both markets and the economy, strategists say

State Street delays shaking up world’s biggest ETF
INVESTING MUTUAL FUNDS APR 10, 2020
State Street delays shaking up world’s biggest ETF

The asset manager is postponing rebalances on the SPDR S&P 500 ETF and almost 60 other funds