The push to make an RIA-friendly, more transparent annuity is on, as insurers and distribution companies grapple with rewriting the investment and compensation models for longevity protection.
Thematics ruled ETF returns over the past three months.
The top three performing U.S.-listed, non-leveraged ETFs this year are so-called thematic funds, focusing on marijuana, solar power and clean energy.
The New York Stock Exchange plans to allow bond, commodity and currency ETFs to list on its main floor as soon as August.
Fidelity's fees and disclosures of them are being probed by the U.S. Department of Labor.
The Federal Reserve Chair testified before the House Financial Services Committee on Wednesday.