Seventeen years ago, iShares launched its first wave of ETFs, and immediately changed the asset management business. A member of that team recalls how the magnitude of its success took even some insiders by surprise.
Advisors believe the market is headed for a correction, AI is no threat to wealth managers and cryptocurrencies are now tracked on the Bloomberg Terminal.
Investors pulled $11.6 billion from mutual funds, the second largest weekly outflow this year, while pouring $14.6 billion into ETFs, according to Goldman Sachs.