At least a dozen investment analysts have left Wells Fargo since July 2021 after a teamwide call about cutbacks.
Distribution
Large-cap ESG funds falter as energy bets bite
The oil rally has hurt funds that have less exposure to energy than the wider S&P. Whether this affects investor demand for ESG strategies remains to be seen.
Active managers suffer ‘horrendous’ outflows as bond funds falter
Inflation drove investors away from active bond funds, which had been a bright spot for asset managers until this year. Active funds shed...
Netflix crisis shows streaming’s growth bonanza is over
Netflix’s shock drop in subscriptions signifies a maturing market, where profits will become the next battleground. But that doesn’t mean the investment opportunities in entertainment technology have disappeared.