Franklin Resources said fiscal first-quarter profit dropped 21 % as the selloff in emerging markets and energy stocks and bonds erodes assets.
Vanguard says the expense reductions are a win for investors, but the fund provider industry is less enthusiastic, seeing the fee reductions as a grind to zero where product profitability disappears.
A five-year-old index tracking network security firms has slipped 14% in 2016, more than double the loss for the S&P 500.
Mutual funds have recently marked down the values of their stakes in several private technology companies. The moves are another jolt of sobriety for Silicon Valley startups as they face a tighter fundraising environment.
A somewhat darker tone could be observed emitting from the ETF.com conference this year.
While IT budgets at buy-side firms have not fully recovered from the cutbacks of the Great Recession, front-office demands keep growing in quantity, complexity and required speed of response.
Goldman Sachs Asset Management (GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management (DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013
Mutual fund families have traditionally left the topic of how to allocate certain fund expenses to management and fund officers.
Rob Goldman founded Goldman Small Cap Research (GSCR)--not affiliated with Goldman Sachs--in 2009. He has over 20 years of investment and research experience as a senior research analyst and as a portfolio and mutual fund manager.
Innovation is a constant in any industry, but sometimes in the fund business its mark is not always obvious.