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Actively Managed Funds Bleed Client Cash in ESG Upheaval

(Bloomberg) A long-held truism of ESG is being challenged, namely the idea that the strategy is best-suited to active fund management.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYC Police Break Up Columbia Protest and Clashes Erupt at UCLAFed to Signal Delay of Interest-Rate CutsLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerAmazon Posts Biggest Cloud Sales Growth in Year on AI DemandFor 11 of the past 12 quarters, clients have redeemed cash

Advice industry is constrained and has tight supply

Inflows into Article 8 funds rebound after three quarters of outflows

Article 8 funds gathered net inflows of €14bn during the first quarter of 2024, following three quarters of outflows, a Morningstar report has found.

Norden Group LLC Increases Stock Holdings in Morningstar, Inc (NASDAQ:MORN)

Norden Group LLC increased its stake in shares of Morningstar, Inc. (NASDAQ:MORN – Free Report) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,959 shares of the business services provider’s stock after purchasing an additional 276 shares during […]

European Central Bank on track for June rate cut as key inflation metric eases

Eurozone headline inflation remained stable in April at 2.4%, but a deceleration in services prices has kept a June rate cut by ECB in play.

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