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Advisors finally being forced to reckon with client cash
Cash has clout again and suddenly financial advisors have real decisions to make about the excess funds in their client accounts.
Investing in the largest funds isn’t the biggest mistake you can make
Unless, of course, you want to beat the S&P 500 over the long term.
Flurry of active ETFs expected this year
After waiting for months and in some cases years, fund companies are starting to see progress on their applications to launch actively managed exchange-traded funds, according to several fund executives
Howard Stein, former Dreyfus chairman and CEO, dies at 84
Howard Stein, who succeeded Jack Dreyfus at the helm of the Dreyfus mutual-fund company and helped turn a generation of Americans into investors, has died. He was 84.
BNY Mellon earnings triple
Bank of New York Mellon Corp., parent of Pershing and Dreyfus and the world’s biggest custody bank, said…
BNY Mellon mulling absolute-return funds for retail investors
BNY Mellon Asset Management executives are looking into launching pension-style absolute-return mutual funds for U.S. retail investors.
Bank of New York Mellon Q1 earnings down 57%; cuts dividend
Parent of Pershing and Dreyfus cuts dividend to nine cents a share from 24 cents, to save $700M a year.