You are here

In the battle of index funds, it's hunt or be hunted

Things are heating up for an industry where big-ticket mergers are rare.
Saturday, February 25, 2017 - 05:50

BT_20170225_ASSET25_2761304.jpg
Last week, Japan's SoftBank Group Corp struck a US$3.3 billion deal to buy alternative-asset manager Fortress Investment Group, whose shares had lost two-thirds of their value since the company went public in 2007.

Washington

MONEY managers, squeezed as investors flock to low-cost index funds, are cutting deals.

Janus Capital Group and UK-based Henderson Group are merging to reduce costs, broaden product mix and expand geographically.

Last week, Japan's SoftBank Group Corp struck a US$

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom