Over 200 mutual fund-to-ETF conversions have occurred in the past five years, with assets converted exceeding $260 billion by the end of 2025. This shift reflects investors' preference for ETFs due to lower fees, tax efficiency, and liquidity, especially in fixed income. Major firms like JPMorgan, Fidelity, and Goldman Sachs have led conversions, with new regulatory changes enabling dual share class ETFs to ease transitions without tax penalties. ETFs now hold 36% of long-term fund assets, growing rapidly while mutual funds face outflows, signaling ETFs are becoming central in asset management, though mutual funds remain vital for specialized institutional needs.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Experian PLC started its 2027 financial year with a 10% revenue increase in the first quarter, driven by strong demand in North America and Latin America. Organic growth was 7%, with North America growing 7% despite a 2% drop in consumer services due...
Gooch & Housego, a UK-listed photonics company specializing in precision optics for aerospace and defence, has agreed to a £345.6 million takeover by US private equity firm Arlington Capital Partners. The offer values the company at a 41.3% premium t...
Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...
Analysts expect Netflix to report $12.6 billion in revenue for Q2 and $51.3 billion for the full year 2026. The operating margin forecast has been revised down from 33% to 32% due to anticipated higher expenses, with an expected operating profit of $...
