Asset prices have decoupled from fundamentals, giving investors a smooth ride—so far. But there is a difference between the investment journey and the destination, and investors are right to be concerned about what happens when fundamentals start...
Vanguard's move was seen by analysts as a potential game-changer for the U.S. actively managed funds industry that would increase competition and push down costs.
ETF buyers are building their holdings, joining hedge funds that have boosted their net-long position in bullion futures by almost nine-fold since early July.
The S&P 500 Financial Index fell 2.2 percent on Tuesday, the most since May, compared with a 0.8 percent decline in the full index, the widest gap in five months.