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.
Most firms place a limit on advisors’ sales of alternative investments to clients in the neighborhood of 10% a customer’s net worth.
Those jumping ship include women advisors and breakaways.
Firms in New York and Arizona are the latest additions to the mega-RIA.
The agent, Todd Bernstein, 67, has been charged with four counts of insurance fraud linked to allegedly switching clients from one set of annuities to another.
“While harm certainly occurred, it was not the cataclysmic harm that can justify a nearly half billion-dollar award to the State,” Justice Peter Moulton wrote, while Trump will face limits in his ability to do business in New York.
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.
