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%.
Since U.S. regulators are balking at approving funds that invest directly in Bitcoin, Fidelity will launch the Fidelity Advantage Bitcoin ETF in Canada.
About $120 billion has flowed into ESG exchange-traded funds in 2021, but just a handful of institutional investors control a large part of the market.
Toronto-based Purpose Investments pushes the digital investing envelope by selling options on the cryptocurrency holdings of two new ETFs.
State Street's product is far from being the first in the DC market — but the plans using it are potentially the largest to opt for a target-date series paired with an insurance feature.
The top 50 fixed-income exchange-traded funds ranked by quarterly returns.
In a change of pace for the big provider of index funds, Vanguard has filed to launch an actively managed fund focused on a single country.
