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The AI developer is increasingly positioning Claude as infrastructure for the financial services industry.
The three firms now manage 52% of assets among the largest 150 fund companies, up from 43% a decade ago.
The big three issuers still have a massive lead, but more newcomers are demanding attention.
The new exchange-traded fund issuer has launched nearly 190 ETFs this year and said it’s looking to compete with Vanguard and BlackRock.
Liquid alternative investment vehicles aren’t new, but their role in portfolios has changed in today’s concentrated equity markets.
Strong market conditions and the need for sophisticated advice were major boons for wealth units in Q2.
Many advisors have been reluctant to move legacy portfolios into standardized models because doing so risks significant capital gains taxes.
Blackrock announced the launch of IQQ, joining Invesco and State Street to offer a Nasdaq-100 tracking ETF.
Despite being one of the largest companies by market cap, SpaceX won’t be among the heaviest-weighted names in the index.
Companies are staying private longer, sparking interest in opportunities beyond the public markets.
With investor interest in tech heating up, the new fund undercuts Invesco’s fees by almost half.
The firm estimates that gross outflows from Apollo Debt Solutions will be roughly $700 million for the quarter.
The fund aims to provide exposure to bitcoin while generating monthly income through an actively managed options strategy.
The issuer’s popular S&P 500-tracking fund also recently made history by amassing $1 trillion in assets.