The debate over active versus passive strategies may be coming to a close.
The products had net inflows of $23.9 billion, a significant increase from the $6.7 billion in outflows seen in 2020, according to a report from Morningstar.
Investors poured a net $104 billion into ETFs in the fourth quarter, the company said, while actively managed funds, including ETFs and mutual funds, saw a net $101 billion in flows.
The agency said it needs another 60 days to make a determination, pushing the new deadline to March 16.
Customers of the $8 trillion mutual fund giant weren't able to access certain account reports or receive trade confirmations while the website was having problems.
The $137 billion bond shop has filed to launch two ETFs, one of which is similar to a strategy it already subadvises for State Street.
The earlier-than-expected decision from the SEC could suggest a 2022 approval for a pure Bitcoin fund may not be in the cards either.
As investing becomes increasingly political, investors will have to balance good feelings against good performance.
The company failed to reveal conflicts of interest concerning marketing fees paid by clients for mutual funds, according to the regulator. The independent broker-dealer 1st Global Advisors was acquired by Blucora in 2019.
In stride with record net inflows, the ETF industry is launching new funds and finding creative ways to take market share from the legacy mutual fund space.
The fund giant estimates the cuts save investors $18.9 million, based on fiscal-year comparisons.
Traditional fund complexes are succumbing to the pressure to offer ETFs alongside more expensive mutual funds.
The asset manager is lowering fees on 47 mutual funds and three ETFs, which it says amounts to a 13% reduction on an asset-weighted basis.
Five years after competitor Fidelity launched its no-transaction-fee platform for institutional shares, Schwab is following suit in a similar deal with T. Rowe Price.
The asset manager plans to convert two mutual funds holding roughly $250 million in assets into exchange-traded funds by the third or fourth quarter of next year.
The new fund, the ARK Transparency ETF, arrives as Wood's favored tech stocks finally catch a break.
In a move to reduce its reliance on State Street's custody services, BlackRock will shift 40% of the $2.2 trillion in assets to Citigroup, 30% to JPMorgan Chase and 15% to Bank of New York Mellon.
Record net inflows are just a part of the story. ETFs continue to take market share of mutual funds by doing more for less.
Despite record-level asset flows into ESG strategies, the category is still saddled with a reputation it has long outgrown.
The asset manager lowered the expense ratios on three corporate bond exchange-traded funds to 0.04% from 0.07%.
