Investment

Allspring Global Investments plans to start offering actively managed ETFs.

The investment manager has added eight new fixed-income and multi-asset SMAs for advisors to use in client portfolios.

CAIS, which works with more than 34,000 financial advisers, is cutting fees to as low as 0.05% for feeder funds that direct investors to alternative assets.

Nearly three-quarters of wealthy younger Americans say stocks and bonds alone can’t deliver above-average returns.

Blackrock’s Chief Investment Officer reported that while hedge funds and brokerages have dipped into spot bitcoin ETFs, RIAs have been slower to embrace them. Morgan Stanley is adding more manager-traded SMAs to its UMA platform, reports FundFire...