Capital Group is launching a fresh trio of exchange-traded debt funds, looking to cash in on the active-management mania that sent its ETF assets ballooning to $3.5 billion this year.
The new batch of bond funds started trading yesterday on the New York Stock Exchange, just eight months after the Los-Angeles based firm became the last major money-management firm to wade into the U.S.’ $6 trillion ETF market.
With focuses spanning from municipal bonds to short-duration debt, the ETFs are meant to offer access to high yields while managing risk linked to the Federal Reserve’s aggressive monetary policy, said Ryan Murphy, director of fixed income business development at Capital Group.
“We’re in an environment where you’re actually getting a very sizable amount of income out of fixed income,” he said.
Inflows into fixed-income ETFs nearly doubled in the past week to more than $9 billion, marking the fourth straight week of inflows, led by credit, according to data compiled by Bloomberg.
The funds, first filed for in July, join Capital Group’s lineup of existing exchange-traded products, which includes five stock ETFs and one fixed-income ETF. Investors have poured more than $3.5 billion into those six ETFs since they began trading in February, according to the firm’s data as of Oct. 25.
Capital Group has “a very strong distribution network that has relationships with many advisors,” said James Seyffart, an ETF analyst at Bloomberg Intelligence. “Their ability to garner these billions in such a historically bad market really speaks to the strength of those relationships.”
AI is no replacement for trusted financial advisors, but it can meaningfully enhance their capabilities as well as the systems they rely on.
Prudential's Jordan Toma is no "Finfluencer," but he is a registered financial advisor with four million social media followers and a message of overcoming personal struggles that's reached kids in 150 school across the US.
GReminders is deepening its integration partnership with a national wealth firm, while Advisor CRM touts a free new meeting tool for RIAs.
The Texas-based former advisor reportedly bilked clients out of millions of dollars, keeping them in the dark with doctored statements and a fake email domain.
The $3.3 trillion tax and spending cut package narrowly got through the upper house, with JD Vance casting the deciding vote to overrule three GOP holdouts.
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.
