Exactly 50 years ago on July 1, Mac McQuown and his team of academics created the first-ever index fund -- an innovation that would take a sledgehammer to the money-management establishment and evolve into a more than $11 trillion industry.
BlackRock strategists favor small and medium-cap U.S. companies as they’re less likely to be impacted by taxes and regulations aimed at large multinationals.
The SEC Chair said he’s directed the agency’s staff to review how to toughen a slew of regulations that touch everything from meme stocks to blank-check companies.