In the Margins
BlackRock has agreed to buy an $87 billion money market fund business from Bank of America. The deal will involve merging BofA money funds and separate accounts into BlackRock's offerings. The deal will bring BlackRock's cash management business to about $327 billion in assets. Read the original story from Bloomberg.
Most Read
Guinness Atkinson Funds made history last year when it completed the industry’s first conversions from open-end mutual fund to exchange-traded fund. Since then, a number of ...
In late 2020, the Securities Exchange adopted new rule 18f-4 under the Investment Company Act of 1940, which provides for an updated and comprehensive regulatory approach ...
In a speech on Monday, William Birdthistle, the new director of the Securities and Exchange Commission's Division of Investment Management, pondered whether mutual funds are honoring ...
The independent directors of Vanguard Funds were named last week as defendants in a class-action lawsuit brought by a group of retail investors. The plaintiffs' claims ...