World’s second-largest asset manager estimates reduction will save investors $3.5mn a year
Lawsuit by Texas and other states accuses BlackRock and others of conspiring to slash coal production
Second-largest asset manager has its sights set on UK, Europe, Canada, Latin America and Australia instead
Big asset managers seek to bolster private offerings
Euronext’s plan to consolidate ETF trading on to one of its seven bourses would cut costs, senior executive says
The asset manager plans to shake up financial services
Regulator’s rules are part of broader effort to rein in power of largest fund managers
The manager’s VOO S&P 500 vehicle has overtaken rival SPY by amassing $632bn of assets
Plus, Vanguard’s next chapter, US egg prices soar and a love letter to Hampstead Heath
Low fees made the group a passive investing powerhouse. But it needs to improve tech and service as it pushes into wealth management and cash accounts
Money manager claims reductions will save clients $350mn this year
Flows to Vanguard vehicles more than doubled helping it to account for 31% of the total flows of A$30.8bn
Elevated level of stocks and prospect of higher for longer rates have some firms sending up caution flares
Investors poured $300mn into manager’s exchange traded funds led by VOO, its S&P 500 vehicle that attracted $117bn
$10tn money manager agrees to curbs on influencing decisions of mid-sized and regional lenders
£4 a month charge will make platform more expensive than rivals for those with less than £10,000
The asset manager is carving out its $900bn wealth and advice business into a separate unit
World’s second-biggest asset manager will break advice business into separate unit
Asset manager’s chief economist Joe Davis says investors are overplaying the near-term potential of the technology
Conservatives also target Vanguard and State Street in war on ‘woke capitalism’
Asset manager gives investors greater say on proxy votes as it tries to navigate backlash to ‘woke’ policies
Inflows to VOO look set to smash records as observers predict it will soon overtake SPY to become the biggest
Manager joins list of more than 30 hoping to adopt ETF-mutual fund structure that Vanguard invented
Beware the time-consuming lure of gut-reaction trading from your handset
Proposal by regulators requires passive investment funds to seek approval when holdings hit 10%
