Amid the coronavirus pandemic and the resulting market volatility, investors, seeking a cheaper alternative to SPY, poured $16 billion in Vanguard's VOO in first six months of 2020.
iCapital Network is buying an alts investment fund platform from the bank. Wells Fargo, in turn, is investing in the fintech.
The degree to which the fixed-income ETF landscape has stabilized is just another example of how powerful the Fed’s interventions have been in soothing -- and stoking -- financial markets.