In the first five months of 2020, the 29 new active funds, including a wave of new non-transparent ETFs, have put the industry on pace for a total of 70, exceeding 2018 (64) and 2019 (59) levels, according to First Bridge Data.
The Fidelity Blue Chip Growth ETF, Fidelity Blue Chip Value ETF and Fidelity New Millennium ETF will begin trading Thursday.
Four key trends help explain the increased M&A activity in the RIA space over the past few years and will continue to propel deal-making moving forward.
Digital investment management shone in the midst of the pandemic, providing insights into planning, automation and scalability.
The fee-based firm works with public company executives.
Roughly $1.4 billion was yanked out of the FI Large Cap Growth Enhanced ETN, ticker FLGE, a fund that uses leverage to deliver twice the return of the Russell 1000 Growth Total Return Index.