Global asset management firms have avoided being labelled "systemically important" but face a review into potential systemic risks posed by their largest funds.
Vanguard has unveiled its ‘robo' advice offering in the US, which provides portfolio management for investors with minimum assets of $50,000 and charges as little as 30bps per annum.
The PIMCO Total Return fund has fallen in the rankings of world's largest bond fund, replaced by Vanguard's Total Bond Market Index fund.
Morningstar has unveiled the winners of its annual 2015 UK Fund Awards, with First State and AXA IM among the groups winning accolades.
Vanguard's Australia director John James is to take over its UK and European operations to replace Thomas Rampulla, who will return to the group's US office.
The world's second largest fund manager is calling for an improvement in the relationship between company directors and shareholders, on concerns about global corporate governance.
Fund buyers have called for more transparency on passive fund costs not contained within the ongoing charges figure (OCF) - even as a price war cuts headline fees to record low levels.
Fidelity's move into passive funds
What are the key issues surrounding fund costs?