Fidelity

“This is all about having the flexibility and having multiple options for our investors,” says GSAM’s head of ETF strategy.

Crush of inflows to money-market funds has come even as the funds’ own yields approach zero.

The demand is there but it isn’t easy to pull off, according to one custodian that’s already done it.

Clients blasted the company on social media for not being able to make trades.

The industry’s biggest firms have grown bigger and the smaller firms have found it harder to compete on their own, the regulator found.

The move is part of a larger strategy to bring account minimums down for clients who either can't or don't want to buy entire shares of high-priced stocks.

“Investment allocations can differ from one fund to another, and so do the expense ratios,” an expert cautions.

Assets under management at Nancy Prior’s group, which includes bond and money market funds, have grown from $714 billion under her leadership.

The four new types of funds use a so-called proxy basket and will publish some information about their portfolios every day.

After acquiring TD Ameritrade, Schwab’s custodial division would grow to about twice the size of its closest competitor.