Industry adopts low-carbon goals it once shunned as natural disaster losses exceed $100bn a year
Funds turn to external managers after other revenue sources faltered
US asset manager has become largest shareholder in UK’s biggest brickmaker
Fixed-income ETFs see record inflows as investors seek steady returns and hedge against a stock sell-off
Shares hit new peak as a rebound in markets boosts results for the world’s largest money manager
Firm is also weighing IPO while world’s largest money manager seeks to boost its presence in alternative investments
Business expectations lowered for summit to be held in Baku next month
The spaghetti cannon shoots again
The launch feeds into an effort to establish the state as a corporate mecca with a new bourse trading equities in Dallas
BlackRock, Microsoft and Abu Dhabi may not be the benevolent consortium they are depicting
Nvidia and Abu Dhabi-backed MGX will join effort as energy-intensive tech strains power and data grids
Critics warn of risks in selling illiquid and hard-to-value products to less experienced retail buyers
Firms strike deal to offer model portfolios of alternative assets to rich individuals
Investors shrugged off market ructions and ignored the usual summer lull to pour $130bn into exchange traded funds
Heavy inflows in August are the latest sign of a comeback for fixed income in a cooling economy
Asset manager supported just 20 of 493 environmental and social proposals put forward by shareholders at annual meetings
Buying frenzy highlights exuberance that gripped markets before this week’s sharp sell-off
Rob Kapito in line for at least $20mn in retirement incentives beyond annual pay and company stock
World’s largest asset manager believes we are at a ‘turning point’ as take-up of active ETFs accelerates globally
And changing its nature in the process
Plus, a small-cap legend retires, the march of India’s stock market, and Antony Gormley at Houghton Hall
The head of the giant asset manager has been grooming a new top team for more than a decade. Some worry he is taking too long
Manager’s regional business, which saw a 50% drop in inflows in 2023, is underperforming Europe and US
More than 40% of global ETFs launched in H1 were active, compared with about a quarter in 2021
World’s largest money manager sees assets under management hit record high of $10.6tn
