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After it’s sold, Wells Fargo Asset Management will continue to provide a popular rising-dividend-equity strategy, the Managed Diversified Stock Income Plan, to Wells Fargo Advisors, according to a memo.
Evolve Fund Group in Canada lowered the price on its Bitcoin ETF (EBIT), to O.75% from 1%, undercutting the 1% fee of its more popular competitor, the Purpose Bitcoin ETF (BTCC).
The $14 billion iShares 20+ Year Treasury Bond ETF (TLT) has plunged 11% this year as long-dated Treasury yields climbed, fueled by building wagers on a rebound in inflation.
Since the start of the year, 57% of large-cap mutual funds have beaten their benchmarks, marking the industry’s best start to a year in almost a decade.
