Quincy Jones has an ETF, investors don't understand the fiduciary rule ,and Raymond James adds a team from UBS.
Investors in actively managed U.S. equity funds pulled money out for the 51st time in the past 52 weeks.
A 14-week streak continued while nearly $38 billion has been put toward emerging market equity funds this year.
In 24 out of 25 of the past weeks, investors put fresh money into bond funds