Vanguard Group Inc., the world’s biggest mutual-fund company, plans to start selling exchange- traded funds in Europe this year, betting that the passive, low- cost style of investing that has changed asset management in the U.S. will do the same abroad.
BusinessWeek.com — Finance
U.S. stocks pared gains amid speculation funds that track the Standard & Poor’s 500 Index were selling to raise money to purchase shares of BlackRock Inc., the $ 39 billion asset manager that’s being added to the gauge after the close of trading.
BusinessWeek.com — Finance
Laurence D. Fink, chief executive officer of BlackRock Inc., said he never thought the U.S. would enter a prolonged phase of below-average economic growth described by Mohamed El-Erian, CEO of Pacific Investment Management Co.
BusinessWeek.com — Finance
Vanguard Emerging Market ETF became the third-largest U.S. exchange-traded fund this week, surpassing a rival BlackRock Inc. fund that just a year ago was twice as big, and adding to evidence that investors are migrating to the cheapest offerings.
BusinessWeek.com — Finance
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