An S&P index of asset managers and custody banks is down 14 percent this month.
Human rights have never been too persuasive in Wall Street’s calculus.
CEO Larry Fink attributed withdrawals to choppy markets, but iShares ETFs saw net inflows.
The new business will manage Bitcoin and other digital assets for funds, family offices and trading firms.
Protests at a Thursday summit highlight the pressure on asset managers to address weapons investments.
The new coins will track the value of the U.S. dollar.
Asset managers like Fidelity, BlackRock and JPMorgan Chase & Co. are preparing for a deluge of corporate cash.
The asset manager says it has no immediate plans to match Fidelity’s no-fee funds strategy.
BlackRock's Larry Fink says escalating trade disputes between the U.S. and others could cause a market meltdown.
The closures come even as BlackRock puts greater emphasis on factor investing.
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