Matthew Toledo

1 week ago | planadviser.com | Matthew Toledo

Most exchange traded fund issuers say they expect active and passive mutual funds adding ETF share classes to be approved and 93% of standing applicants have requested exemptive relief for dual-share-class structure in their filings through December 2024, according to the inaugural edition of Cerulli Edge—U.S. Product Development Edition.

1 week ago | planadviser.com | Matthew Toledo

Exchange-traded funds saw $62 billion in inflows during April, the lowest total since April 2024, according to State Street’s monthly U.S.-listed ETF flash flow report. “Inflows were also below recent averages, putting our $1.3 trillion full-year forecast in jeopardy,” the report stated. April was a volatile month for stocks, although the month’s drawdown was mostly regained when indexes recovered near the month’s end.

2 weeks ago | ai-cio.com | Matthew Toledo

Pension risk transfer transactions became slightly more expensive to complete in March, largely due to shifts in tariff policy and economic volatility. According to Milliman, the cost to offload corporate pension plan liabilities to an insurer through a PRT transaction rose to 102.5% of a plan's liabilities in March, up from 101.7% in February. Milliman also estimated the average annuity purchase cost rose to 104.3% at the end of March, up from 101.7% in February.

2 weeks ago | ai-cio.com | Matthew Toledo

The CIO of Australia's Cbus superannuation fund, Brett Chatfield, will leave the AUD 100 billion ($64 billion) fund to take on an opportunity outside of industry superannuation, as his replacement is named. Chatfield will exit the fund he's been with for more than a decade to commence as chief investment officer of a large family office, after completing a transition to incoming CIO Leigh Gavin. Chatfield was a CIO 2018 NextGen and 40 under Forty Honoree.

2 weeks ago | planadviser.com | Matthew Toledo

Global assets under management by firms in the asset management industry grew by 12% in 2024 to reach $128 trillion, according to the Boston Consulting Group’s 2025 global asset management report, “From Recovery to Reinvention.”Market performance was a key driver of growth in 2024, contributing to 70% of the industry $58 billion in revenue growth. Net inflows accounted for 30% of global revenues, as managers shifted to offering lower-priced products and were affected by fee compression.