A new ETF tracks corporate sponsors for American pro sports, CIBC makes a wealth management move in Chicago, and how millennials use payment app Venmo (it's not just to split the check).
For the first time since the financial crisis, asset managers have seen their revenues and profits decline year-over-year, according to the Boston Consulting Group.
Passive investors don't recognize they are actually making active management decisions without understanding what they own.
Are these the large-cap core funds to own for the rest of the bull market? Perhaps, but no one knows for sure.
Some, though, don’t behave like value funds.
SPFs add a new and desirable dimension to the portfolio-construction process for investors with concentrated positions.