The Dutch asset manager joins growing number of active managers to enter exchange traded fund industry
Plus, CIA interrogation techniques, UK investors warming up to remuneration and nerves in French government bonds
ProcureAM’s $3mn FIXT fund, which invests in natural disaster recovery, has been unable to attract investors
Funds turn to external managers after other revenue sources faltered
Fixed-income ETFs see record inflows as investors seek steady returns and hedge against a stock sell-off
Investors pull £1.6bn from value funds in latest quarter before Ben Whitmore’s departure
The process creates logistical problems for managers and their clients, some of whom do not have brokerage accounts
Bonanza helped lift global September inflows to $141bn, keeping industry on track for record-breaking year
Rebalance was prompted by concerns over the continued growth of tech stocks such as Nvidia
Plus, China’s policy blitz, investors grab European equities, and Mica Ertegun’s collection
If endorsed, and Britain moves to one-day settlement before the EU, UK ETFs would wait until the EU also moves
The spaghetti cannon shoots again
Record 70% income haul from fresh money is shot in the arm for active fund industry
Millions of people have five-figure sums sitting in cash, in spite of inflation’s corrosive effects
Drag show
Everyone loves having their priors confirmed
Plus, how Andrea Orcel covertly built up a stake in Commerzbank and celebrities ditch BDO after ex-employee is accused of fraud
Fee cuts are latest in price war that started with approval of spot bitcoin ETFs in US in January
Plus, Vanguard pushes into fixed income, egg prices soar, and Wigtown Book Festival
Plan to encourage more tech-focused and small-cap ETFs unveiled as part of new financial stimulus package
Savers with environmental and other ethical concerns now have plenty of options to vote with their money
Manager has cancelled plans to convert investment-grade credit fund and will opt for a corporate bond fund instead
CEO Salim Ramji cites inefficiencies and opportunities in the asset class
A trend long associated with equity investing is now playing out in the bond markets
Plus, BlackRock’s new fund, nuclear fuel prices surge, and our Guide to the Business Lunch
