Robo-advisers, many of which have experienced only a bull market, are diversifying revenue streams so they can survive a serious market downturn, according to a study by Corporate Insight. The overhaul includes fees for previously free services, greater emphasis on financial planning and setting up business-to-business partnerships that open the door to third-party distribution.
Van Eck has brought to NYSE Arca an exchange-traded fund that buys stocks traded on the exchange in Shenzhen, China. The Market Vectors ChinaAMC SME-ChiNext ETF is linked to an index that covers the 100 largest and most liquid stocks on the Small and Medium Enterprise Board and the ChiNext board.
Developed economies will be in danger of stagnation if they don't do more to boost growth, according to the International Monetary Fund. The IMF has cut its forecast for global economic growth this year from 3.7% to 3.4%.
U.K.-based BSkyB said it will pay about $8.3 billion for 21st Century Fox pay-TV businesses in Germany and Italy, creating a European media company that will initially have 20 million subscribers. The deal gives BSkyB an opportunity to increase revenue on the European continent while growth in its home market is slowing.
Additional uncertainty entered Ukrainian politics after Prime Minister Arseniy Yatsenyuk said he would resign. The announcement came after two major political parties said they were leaving the governing coalition.