Plus, Vanguard pushes into fixed income, egg prices soar, and Wigtown Book Festival
CEO Salim Ramji cites inefficiencies and opportunities in the asset class
Nearly half of participants in pilot programme allowed to vote their shares chose to let the asset manager do it for them
Support on votes has been dwindling among big money managers after reaching record levels just a few years ago
Customers continue to withdraw their money from active funds
Asset manager says US regulators could enforce ownership caps, raising costs for index-tracking funds
Only two climate-related proposals received majority support this year, and no diversity initiative cleared 50%
Plus, Calpers’ green investments, easing financial conditions, and Enzo Mari at the Design Museum
At BlackRock, Salim Ramji led the industry-beating iShares. Now he has big plans for Vanguard
The first outsider to lead the $9tn money manager will take up his role in July
Head of world’s second-largest money manager has overseen rapid growth but faced climate criticism
Asset manager joins rivals such as Fidelity and Dimensional in seeking dual mutual fund/ETF share class structures
But one observer points out it is already possible to access a bitcoin futures ETF via Vanguard’s US platform
Vanguard’s patent on the ability to offer ETF share classes of mutual funds expired in May
White Wolf’s planned funds will hold private equity and commercial real estate companies
US lobby group finds asset manager channels money to companies sanctioned by Washington
Asset manager joins BlackRock in cutting support for investor resolutions it considers ‘overly prescriptive’
US investment boutique hopes first application for mutual fund share classes of ETFs will gain approval
As inheritance tax bills rise, pass on your financial savvy as well as your cash
The application is the first by a major asset manager since Vanguard’s patent expired
For now, anyway
Battle of the S&P 500 index funds
Launch in Ireland of four funds will be first to take advantage of rule change allowing umbrella structure
Asset manager has struggled to convince country’s investors they need its low-cost passive funds
Asset manager says about 40% of new clients last year were younger investors
