Discussions with Northwestern Mutual are ongoing
UK acquisition bolsters BMO Global Asset Management’s scale, product set and distribution capabilities
Consolidation expands bank’s institutional asset management business
Impact would vary by firm
Smart beta, which aims to straddle active and passive investment management, is the fastest growing segment of ETFs
The combined company will have almost US$800 billion in AUM
The growth of third-party assets under management will build a long-term, stable stream of fee income
Alternative asset managers outperformed their traditional rivals in both revenue growth and profit expansion
Bank of England executive director says the size of the asset management industry poses risks
Distribution of Pro-Index Funds to new investors to cease