In a move that is likely to shape ETF investing, Morningstar Inc. will introduce a new index family in January — the Morningstar Broad Style Indexes — that it says is designed to more accurately represent the size and style dimensions of the U.S. equity market.
As part of the initiative, the nine exchange-traded funds in BlackRock Inc.’s iShares Morningstar U.S. Equity Style Box ETF suite, which have $7 billion in assets, will begin tracking the new indexes, whose underlying data and methodology are designed to be consistent with the Morningstar Style Box, the company said in a release.
The Morningstar Style Box will not experience changes as a result of the launch of the Morningstar Broad Style Index family.
Each of the funds in the iShares Morningstar U.S. Equity Style Box ETF suite also will see forward share splits and new tickers. The changes are expected to be implemented no earlier than March 19.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
