It’s the first of four planned conversions by the firm that will shift around $9 billion of assets into exchange-traded funds by mid-June.
The three new funds were created in response to clients who wanted access to the firm’s strategies via ETFs, says Neuberger CIO Hari Ramanan.
The broker, Marianne O'Shee Smith, a 34-year veteran of the securities industry, used $45,100 she had received from three customers, all senior citizens.
ProShares wants to launch an exchange-traded fund that would track the inverse performance of an index of Bitcoin futures.
The exchange-traded fund is sub-advised by Nuveen Asset Management, a unit of TIAA.
Designed to go up in value when rates rise, the FolioBeyond Rising Rates ETF is well suited to the current environment.
The 52-year-old asset manager with nearly $20 billion under management will become a subsidiary of Callodine Group.
The Avantis Responsible U.S. Equity, International Equity and Emerging Markets ETFs join Avantis’ current line of 11 exchange-traded ETFs.
Issuer reduces the expense ratio on the $85 billion iShares Core U.S. Aggregate Bond ETF to 0.03% from 0.04%.
Roughly 86% of last year's net inflows went into collective investment trusts, which now hold 45% of total TDF assets.
The $1.5 trillion investment manager is designing a full-scale ETF platform, and plans to launch its first ETFs this year.
According to the SEC, Ambassador Advisors generated at least $777,000 in fees by investing in 12b-1 share classes when other share classes were available for the same mutual fund.
Instead, retail investors are moving toward buying mutual funds and ETFs, which have roughly doubled their holdings of municipal securities over the last decade.
The tool will help participants in the firm's SmartRetirement funds withdraw a portion of the money they have invested each year after they retire.
The results from the most recent InvestmentNews survey shows sentiment is turning south.
Vanguard was forced to sell as much as 15% of the assets in retail target-date funds, resulting in substantial capital gains taxes for investors who held the funds in taxable accounts, the lawsuit asserts.
KraneShares CSI China Internet Fund slumped more than 11% Monday, bringing its decline over the past three days to 28%.
The firm's applications related to the DoubleLine Opportunistic Bond ETF and the DoubleLine Shiller CAPE U.S. Equities ETF have been granted 'effective immediately.'
Every ETF focused on Russian stocks will soon be suspended, a kind of shutdown that never resulted from previous events like the Arab Spring or even Covid.
The regulator is assessing the risks that may arise when retail investors purchase complicated investments without the help of a financial adviser.
