Asset managers filing to launch dual share-class mutual funds, creating an ETF sleeve for existing strategies, could end up eroding key benefits of the wrapper.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Stock futures are trending lower so far Wednesday.
Trade tensions may have eased but future is uncertain.
And what will the results mean for the wider tech sector?
Bullion had declined as investors paused.
The latest launches in 2025, which include leveraged strategies, cryptocurrency, and active funds, mark a sharp turn from the passive revolution envisioned by Jack Bogle.
A section of the House-approved bill targeting counterparties in decades-old treaties could impact institutional investors, as well as retail participants and businesses with US interests.
Greenback also gains from Japan debt announcement.
Chipmaker's earnings could spark equities rally.
