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‘Bold’ move to cut fees to 0.03% means manager can go no lower without losing money, analyst says
The bank acts as custodian for more than two-thirds of European ETF assets, Refinitiv Lipper data shows
Earnings from BofA, PNC and BNY Mellon point to headwinds for net interest income
Decline in net interest income is ‘freaking people out’, says chief executive
SSGA is exploring digital distribution of exchange traded funds
Charles Schwab, State Street and M&T report outflows as savers hunt for better rates
Asset manager will also close three smaller ETFs that track Bloomberg sustainable accounting SASB indices
Thirty years ago, the ETF was launched to give investors a new way to gain exposure to markets
Ron O’Hanley calls incorporating climate into corporate governance ‘a matter of value, not values’
Lookin’ good
‘Even a respected king has to pass the crown eventually’
Cyrus Taraporevala says ‘you’ve got to be distinctive’ after stepping down from $3.3tn asset manager
Companies including State Street and Pimco compete to capture slice of outsourced IT services
Passive investors, active owners
Feedback on US regulator’s proposal includes concerns about companies being forced to be more active or passive
Proposals that ‘dictate the pace’ of energy transition receive fewer votes from $8.5tn money manager
Net inflows decline 30% in the first half of 2022 to $464bn
Asset managers charge more just as investors dash for safety
Hong Kong manager is set to become largest in the territory once takeover is complete
Criticism is just the latest in a series of misguided concerns over the industry
Investors drawn to the greater liquidity offered by fixed income ETFs
The financial industry’s new emperors
Tale about an unlikely combination between State Street and Credit Suisse left many looking credulous
Companies deny news report that US custody bank is in talks to acquire troubled Zurich-based lender
Group’s Fund Connect platform also has green light to go live in Australia
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