William Galvin, secretary of the Commonwealth of Massachusetts, issued a statement condemning the Fifth Circuit Court of Appeals’ decision to vacate the Department of Labor’s fiduciary rule and urging the government to appeal. ...
For Asset Managers, Near-Term Relief But Long-Term Shifts Rising rates, robust economic tailwinds and tax stimulus in the U.S. promise a more favorable environment and provide near-term relief for both banks and active asset managers. But long-term trends mean a long list of challenges for asset managers, according to Morgan Stanley and Oliver Wyman's 2018 annual report on the industry. ...
Half of Investors Could Own ETFs by 2020 ETFs are less than 30 years old, but their usage continues to grow. According to a BlackRock survey, half of all U.S. investors will own ETFs by 2020. Currently, one in three U.S. investors own at least one ETF, up from one in four last year. ...
