BlackRock Inc. is waiving investment advisory fees on ETFs it buys on behalf of the Federal Reserve Bank of New York, according to documents published Friday.
In another sign of how wacky markets are, providers of niche exchange-traded products are luring more cash this month than many traditional powerhouses.
The Fed’s efforts have restored calm in some areas, but risky credit remains vulnerable.
Non-investment grade companies don’t get protection from the ECB, but they employ people too and will be crucial to Europe’s recovery.
A slew of rescue measures from global central banks and nations amid the global Covid-19 crisis might have revitalized U.S. and Europe primary bond sales. In Asia though, dollar issuance remains in freeze.
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