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Wall Street milestone: ETF popularity hits record number

Wall Street milestone: ETF popularity hits record number

[ad_1] ETFs are seeing a record surge in popularity.The industry hit a milestone with more than 3,000 ETFs trading simultaneously for the first time ever this month — a 30% increase since December 2020, according to Morningstar.And this year investors are taking more active strategies, such as single-stock ETFs that

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What this ‘play the recovery’ strategy says about the hot bond market’s future

What this ‘play the recovery’ strategy says about the hot bond market’s future

[ad_1] A recent trend in the exchange-traded funds market suggests bond demand is far from cooling.Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yields contributed to the deceleration of fund outflows in May.Andrew McOrmond of WallachBeth Capital, an institutional execution service provider,

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This common money move costs retirement savers $45.5 billion in investment fees, earnings over 25 years

This common money move costs retirement savers $45.5 billion in investment fees, earnings over 25 years

[ad_1] andresr | E+ | Getty ImagesIRA rollovers are common for job switchers, retireesInvestors rolled $516.7 billion from workplace plans into traditional IRAs in 2018, the latest year for which data is available. That's nearly 28 times more money than as contributed to traditional IRAs that year.A Pew survey from

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Axis Mutual Fund sacks its chief dealer Viresh Joshi facing probe for front-running

Axis Mutual Fund sacks its chief dealer Viresh Joshi facing probe for front-running

[ad_1] Axis Mutual Fund, India's seventh-biggest asset manager by way of pooled cash under management, has sacked its chief dealer Viresh Joshi who is facing probe for suspected irregularities. "Axis AMC has been conducting a suo moto internal investigation since February 2022, using reputed external advisors to assist with this

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Vanguard reclaims top target-date fund manager spot, leapfrogs Fidelity and BlackRock

Vanguard reclaims top target-date fund manager spot, leapfrogs Fidelity and BlackRock

[ad_1] Thomas Barwick | Digitalvision | Getty ImagesVanguard Group captured the most new investor money in its target-date funds last year relative to other asset managers, reclaiming the top spot it'd held for over a decade before being dethroned in 2020, according to a new Morningstar report.Target-date funds, or TDFs,

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The SEC climate rule: 7 things investors need to know

The SEC climate rule: 7 things investors need to know

[ad_1] Gary Gensler, chairman of the Securities and Exchange Commission, at the SEC headquarters in Washington, on July 22, 2021.Melissa Lyttle/Bloomberg via Getty ImagesThe Securities and Exchange Commission on Monday unveiled a sweeping proposal to expand investors' insight into the threat that climate change poses to public companies and how

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