The Nasdaq Composite has climbed in the past year and a half, roaring out of a bear market and into bull territory as investors piled into the types of stocks the index is best known for: technology players. This has been — and is still — the case for two reasons. First, investors are eager […]
Fidelity Plans Further Charges to ETF Issuers’ Revenue Fresh details have emerged regarding Fidelity Investments’ plan to add fees to its exchange-traded funds platform, which has sparked concerns among financial advisors and industry watchers that the added costs will spread across the industry. Boston-based Fidelity, which has more than $1 trillion worth of ETF assets […]
Investors poured capital into U.S. equity ETFs last month, according to Citi Research. – Spencer Platt/Getty Images Fidelity Investments is planning to charge investors a $100 servicing fee when placing buy orders on exchange-traded funds issued by nine firms. Most Read from MarketWatch The new servicing charge — which may be imposed on ETFs issued by […]
With Bitcoin (CRYPTO: BTC) soaring in price, analysts and traders are now ratcheting up their predictions for just how much higher this crypto could go. While some of these predictions sound like pie-in-the-sky wishful thinking — such as claims that Bitcoin will skyrocket in value to $1 million in a matter of weeks — there […]
(Bloomberg) — A Fidelity International money manager has sold the vast majority of US Treasuries from funds he oversees on expectations the world’s biggest economy still has room to expand. Most Read from Bloomberg Singapore-based George Efstathopoulos, who helps manage about $3 billion of income and growth strategies at Fidelity, sold the bulk of his […]
‘The public is being lied to’: Elon Musk says major money funds like BlackRock, Fidelity ‘inflicted’ ESG on American investors — as states like Texas move to ban these policies, is he right? Millions of Americans are happy to hand over the power of their portfolio to a professional. And while asset managers should, in […]
The Texas Republican Party on Saturday censured House Speaker Dade Phelan “for lack of fidelity to Republican principles and priorities” in yet another example of intraparty warfare heading into the March primary election in which the embattled leader of the Legislature’s lower chamber is at the center. In a terse news release, the state party said it was […]