It’s one of the hottest innovations on Wall Street, the potential key to luring trillions of actively managed dollars to the booming market for exchange-traded funds. Yet two of the industry’s biggest players want no part of it for now.
The central bank owns more than 13 million shares of the US$54 billion iShares iBoxx $ Investment Grade Corporate Bond exchange-traded fund (LQD) as of June 16.
A US$4.6 billion exchange-traded fund that has Tesla Inc. as its biggest holding posted the best week of inflows on record.
More than $8 billion is on the move in Charles Schwab Corp.’s exchange-traded funds, stirring speculation the firm could be adjusting the packaged strategies it offers clients as markets gyrate amid the pandemic.
The largest U.S. public transit system will have to rely on debt and bailouts to extinguish a financial “four-alarm fire.”
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