Former Federal Reserve Chairman Alan Greenspan said equity markets will see a decline at some point after surging for the past several years.

A non-transparent, actively-managed ETF would clear the way for traditional stock-picking managers to offer their funds in an ETF package.

Three of the five largest money-market fund providers expressed support for the new rules adopted by the SEC to end years of debate on how to make the $2.6 trillion industry safer.

Robert Reynolds, who built the industrys biggest 401(k) business while at Fidelity Investments, is seeking a reprise.

Vanguard Group Inc., the third- biggest provider of exchange-traded funds, gained ground on larger competitors this year after gathering 10 times as much money into its ETFs than the rest of the U.S. industry combined.