William Wrigley Jr. II, who helped orchestrate the sale of his family’s business to Mars Inc. in 2008, led a $65 million investment round for Surterra Wellness, a medical cannabis startup in Georgia.
In 2017, an all-time record of 138 funds shut down, but so far this year, there have been 97, outpacing last year’s number during the same time frame.
Vanguard’s move to eliminate commissions on ETFs is a challenge for the big RIA custodians, even as the firm denies it’s moving back into the business.
The top 20 consumer discretionary ETFs ranked by one-year returns.
U.S. Equity and Bond funds attracted over $6 billion between them for the second straight week, diverging from other global economies.