Hello! Vanguard has hired a new CEO, former BlackRock executive Salim Ramji. In this week's ETF Wrap, you'll see how Vanguard stacks up against BlackRock in its close competition for assets in the U.S. ETF world.
Blackrock, one of the UK's largest fund managers, has warned Chancellor Jeremy Hunt that forcing institutions to invest in UK stocks will make pensioners worse off. Hunt has asked some pension providers to disclose how much they invest in UK equities, raising questions over whether he might mandate a minimum amount of British stocks to be held in portfolios.