Capital Group Cos., owners of the $1.17 trillion American Funds family, has joined money managers including BlackRock Inc. in seeking regulatory approval for a new type of exchange-traded fund.
Active ETFs may seem contradictory to investors, so ETF providers have a built-in challenge to tackle them.
Capital Group Cos., the third- largest manager of U.S. mutual funds, hired Alvaro Fernandez Arrieta, head of sales for global clients at Amundi Asset Management, to open its first sales office in Spain, said two people familiar with the matter.
BlackRock Inc., the worlds biggest money manager, said it backed the new rules for money-market mutual funds adopted today by the U.S. Securities and Exchange Commission.
It seems like everyone is talking about liquid alternatives.
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.