Northern Trust will convert six mutual funds holding $33 billion into ETFs
The largest, the $19.3 billion Northern Stock Index Fund, equals about 71% of the ETF assets the firm manages today.
Morgan Stanley lists four thematic funds in Europe as three firms dominate active ETF inflows
The $16.5 billion US active-ETF platform goes abroad under one Morgan Stanley brand, betting neobroker shelves can do what Eaton Vance, Parametric and Calvert labels did at home.
Putnam completes mutual fund-to-ETF conversion for PFRX active equity fund
The new active fund keeps its 30-to-45-stock portfolio and its five managers; the fee and the size of the converted book are absent from the account.
BlackRock's model rebalance shifted advisor money from three ETFs into one active fund
The iShares Large Cap Core Active ETF took in $2.2 billion over five days and has grown from just over $100 million in March to $9 billion, according to ETF Trends.
RAFI pitches fundamental indexing as a third option to cap weight and equal weight
RAFI Indices puts the weighted average market cap of its fundamental index at $769 billion, between the $1.39 trillion of a cap-weighted portfolio and the $127 billion of equal weight.