Plus, cash piles up, investing in classic cars, and school’s out for summer
High-yield savings and caution over market volatility and economic sentiment have left up to $1.5tn out of the market
Asset managers fret over lost gains as investor cash piles up on the sidelines
Investors have found a cheaper way to play the market’s hot new obsession
Share certificates, company reports on paper and annual general meetings have distinct advantages
Vehicles’ relatively high management fees are still cheaper than average charged by funds of funds
French bank seeks greater scale for its investment business
ICI finding stands in contrast to broader narrative of significant outflows from the wrapper
Companies link up to create investment manager designed to channel more pension money into private businesses
Passive investment strategies have outperformed, saving investors a fortune in fees, but it doesn’t always pay to be lazy
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
Investment groups are alarmed by efforts to curb their influence on governance and strategy at American lenders
And changing its nature in the process
Domestic equities ETFs continue to benefit from an unceasing flood of retail investors
Plus, a small-cap legend retires, the march of India’s stock market, and Antony Gormley at Houghton Hall
Chief executive says it has war chest for a deal to broaden company’s product range and customer base
Small-cap ‘legend’ is retiring at 84 just as shares in smaller US companies are back in favour
Customers continue to withdraw their money from active funds
Plus, updates on ether ETFs and Coinbase
Regulator tells CEOs it could limit ‘amount and structure’ of business to prevent rapid build-up of risk in sector
Asset manager says US regulators could enforce ownership caps, raising costs for index-tracking funds
Pershing Square USA distances itself from its CEO’s comments
Returns have been dismal over the past decade, but investment banks are buying into cleaner energy
Debut not as large as bitcoin ETF launch but in line with expectations
